Denver Airport Area
16921 E 32nd Ave Aurora, CO 80011
16921 E 32nd Ave, Aurora, CO, 80011
Contact for pricing
For Sale
Contact for pricing
Recently renovated Wyndham franchise hotel near Denver International Airport.
Property Size44,000 SF
Price / SF$188.64
Days on Market128
Property Features for 16921 E 32nd Ave
General Information
- Standard status
- Active
- Size
- 44,000 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1998
Listing agency
Madison Commercial Properties Ltd
Listed by
Alex Kovacs · License #CO 0013134878
Source
Crexi
Added: Mar 17 Updated: Jul 10 at 1:11PM Checked: Jul 21 at 3:05AM
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 Madison Commercial Properties Ltd
Investment Insights
Based on property information with market context.
This Wyndham franchise hotel is located in the Denver International Airport hotel market. The property, converted from a Red Lion to a Ramada Inn in July 2021, underwent a full renovation in 2024, including new case goods, carpeting, and bathroom remodeling. The 44,000 square foot hotel features an indoor pool, exercise room, meeting room, and business center. It benefits from excellent QA scores and positive Trip Advisor reviews. Situated at the I-70 highway interchange with Airport Boulevard, the location provides access to highway business and DIA traffic. A large auto auction property next door serves as an additional source of revenue. Ten EV charging stations are being installed within the next several months. A freestanding Starbucks is planned for construction in 2026 adjacent to the hotel, with access from the subject entrance.
Key Highlights
- Fully renovated in 2024 with new case goods, carpeting, and bathroom remodeling.
- Excellent location at the I‑70 highway interchange with Airport Boulevard.
- Wyndham franchise hotel with excellent QA scores and positive Trip Advisor reviews.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $792.0k | $18.00 |
| − Vacancy | −$95.0k | −$2.16 |
| EGI | $697.0k | $15.84 |
| − OpEx | −$365.9k | −$8.32 |
| NOI | $331.1k | $7.52 |
44,000 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$4.73M
$4.14M – $5.52M
NOI $331,056 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.15M
$8.88M – $11.84M
NOI $710,371 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Hotel - Recently renovated Wyndham franchise hotel near Denver International Airport.
Where is this hotel located?
The property is located at 16921 E 32nd Ave Aurora, CO.
What is the asking price?
The asking price for this property is $8,300,000.
What are key features of this property?
This property features: Fully renovated in 2024 with new case goods, carpeting, and bathroom remodeling.; Excellent location at the I‑70 highway interchange with Airport Boulevard.; Wyndham franchise hotel with excellent QA scores and positive Trip Advisor reviews.
