Versatile Mixed-Use Property For
For Sale
$3,250,000
16800 E Mississippi Ave, Aurora, CO 80017
Mixed-use property with diverse zoning and high visibility.
Property Size16,165 SF
Price / SF$201.05
Days on Market195
Property Features for 16800 E Mississippi Ave
General Information
Standard status
Active
Size
16,165 SF
Property subtype
Free Standing Office
Zoning
MU-C
Building Details
Building Size
16,165 SF
Year Built
1986
Listing Agency:
Unique Properties, Inc
Listed By:
Phillip A. Yeddis · License #EA.000249481
(303) 619-3603
Source:
Uniqueprop
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 5 at 3:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Unique Properties, Inc
Investment Insights
Based on property information with market context.
This mixed-use property presents an opportunity for an owner-user or investor. The property is zoned MU-C, allowing for a diverse range of permitted uses. The location offers accessibility and convenience, with proximity to retail, restaurants, and entertainment options. Monument signage is available, enhancing visibility and advertising potential. The property encompasses a total size of 16165 square feet and is priced below replacement cost.
Key Highlights
- Versatile MU‑C zoning allows for a diverse range of permitted uses.
- Priced below replacement cost.
- Excellent opportunity for owner‑user or investor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,228
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,364,560
$4.4M
Cap Rate 7%
$3,117,543
$3.1M
Cap Rate 9%
$2,424,756
$2.4M
Market Conditions
NOI Build-Up for 16,165 SF
Gross rent
$388.0K $24.00/SF
− Vacancy
−$38.8K −$2.40/SF
EGI
$349.2K $21.60/SF
− OpEx
−$130.9K −$8.10/SF
NOI
$218.2K $13.50/SF
Area
Aurora, CO
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,364,560
Cap Rate 7%
$3,117,543
Cap Rate 9%
$2,424,756
Alternative Uses
Best Use
Mixed Use
$3.12M
$2.73M – $3.64M
NOI $218,228 @ 7.0% cap · market cap 6.71%
Second Best
Retail
$2.93M
$2.56M – $3.42M
NOI $205,003 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$4.52M
$3.95M – $5.27M
NOI $316,187 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 80017, CO
37,637
Population
14,810
Households
2.5
Avg Household Size
33
Median Age
24%
College-Educated
84%
High-School Grad
9.2 sq mi
ZIP Area
4,091
Density / Sq Mi
$76,458
Median Household Income
$42,126
Median Earnings
$1,755
Median Rent
$383,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with diverse zoning and high visibility.
Where is this mixed-use property located?
The property is located at 16800 E Mississippi Ave Aurora, CO.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Versatile MU‑C zoning allows for a diverse range of permitted uses.; Priced below replacement cost.; Excellent opportunity for owner‑user or investor.
