Two-Story Duplex
For Sale
$449,950
17185 E Alameda Pkwy, Aurora, CO 80017
Open-concept interior includes a quartz island, stainless-steel appliances, and a walk-in pantry.
Property Size1,475 SF
Days on Market21
Property Features for 17185 E Alameda Pkwy
General Information
Standard status
Active
Size
1,475 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Amenities
quartz center island
stainless steel appliances
walk-in pantry
central laundry room
primary suite with walk-in closet
Building Details
Building Size
1,475 SF
Year Built
2025
Stories
2
Listing Agency:
SH Realty, Inc.
Listed By:
Matthew Tonge · License #100056314
(303) 850-5757
Source:
Corken
Added: Aug 25
Changed: Sep 12
Last Checked: Sep 13 at 12:52PM
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 SH Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 2025, this two-story duplex property features an open interior plan arranged for daily living and informal gatherings. The kitchen includes a quartz center island, stainless-steel appliances, and a walk-in pantry, with direct flow into the dining area and living room. A powder room adds convenience on the main level.
Upstairs, the layout includes a centrally positioned laundry room, two secondary bedrooms, and a shared bathroom. The primary bedroom has its own private bath and a walk-in closet. The property also includes low-maintenance finishes and a design focused on practical separation between common areas and bedrooms.
Upstairs, the layout includes a centrally positioned laundry room, two secondary bedrooms, and a shared bathroom. The primary bedroom has its own private bath and a walk-in closet. The property also includes low-maintenance finishes and a design focused on practical separation between common areas and bedrooms.
Key Highlights
- Built in 2025
- Two‑story duplex property
- Open‑concept kitchen, dining, and living areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,202
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,040
$424.0K
Cap Rate 7%
$302,886
$302.9K
Cap Rate 9%
$235,578
$235.6K
Market Conditions
NOI Build-Up for 1,475 SF
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.
Gross rent
$32.7K $22.20/SF
− Vacancy
−$2.5K −$1.67/SF
EGI
$30.3K $20.54/SF
− OpEx
−$9.1K −$6.16/SF
NOI
$21.2K $14.37/SF
Area
Aurora, CO
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,040
Cap Rate 7%
$302,886
Cap Rate 9%
$235,578
Alternative Uses
Best Use
Multifamily LT 5
$302.9K
$265.0K – $353.4K
NOI $21,202 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$281.3K
$246.1K – $328.1K
NOI $19,688 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$412.2K
$360.6K – $480.9K
NOI $28,851 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
17
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Open-concept interior includes a quartz island, stainless-steel appliances, and a walk-in pantry.
Where is this duplex located?
The property is located at 17185 E Alameda Pkwy Aurora, CO.
What is the asking price?
The asking price for this property is $449,950.
What are key features of this property?
This property features: Built in 2025; Two‑story duplex property; Open‑concept kitchen, dining, and living areas
