Renovated Multifamily
For Sale
Contact for pricing
1995 Del Mar Pkwy, Aurora, CO 80010
Renovated multifamily asset featuring a two-bedroom-heavy unit mix in Aurora, Colorado.
Property Size21,925 SF
Price / SF$157.35
Days on Market165
Property Features for 1995 Del Mar Pkwy
General Information
Standard status
Active
Size
21,925 SF
Property subtype
Multifamily
Net Operating Income
$225,984
Building Details
Year Built
1961
Year Renovated
2020
Buildings
1
Stories
3
Units
27
Listing Agency:
MMG
Listed By:
Adam Riddle · License #CO 100024441
(303) 257-7627
Source:
Crexi
Added: Mar 24
Changed: Aug 21
Last Checked: Aug 31 at 6:58AM
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 MMG
Investment Insights
Based on property information with market context.
MMG Real Estate Advisors is pleased to present the opportunity to acquire a renovated multifamily property at 1995 Del Mar Pkwy in Aurora, Colorado. The asset includes renovated units and a two-bedroom-heavy unit mix, supporting a configuration designed for durable residential demand.
The property is positioned within a major employment corridor of the Denver metro, with proximity to leading healthcare, military, aerospace, bioscience, and logistics employers.
For buyers seeking a renovated multifamily investment, this offering combines updated interiors with a unit mix that emphasizes two-bedroom layouts.
The property is positioned within a major employment corridor of the Denver metro, with proximity to leading healthcare, military, aerospace, bioscience, and logistics employers.
For buyers seeking a renovated multifamily investment, this offering combines updated interiors with a unit mix that emphasizes two-bedroom layouts.
Key Highlights
- Renovated multifamily asset at 1995 Del Mar Pkwy in Aurora, Colorado
- Built in 1961
- Two‑bedroom‑heavy unit mix
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
$292,657
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
8.48%
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%
$5,853,140
$5.9M
Cap Rate 7%
$4,180,814
$4.2M
Cap Rate 9%
$3,251,744
$3.3M
Market Conditions
NOI Build-Up for 21,925 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
$570.9K $26.04/SF
− Vacancy
−$38.8K −$1.77/SF
EGI
$532.1K $24.27/SF
− OpEx
−$239.4K −$10.92/SF
NOI
$292.7K $13.35/SF
Area
Aurora, CO
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$5,853,140
Cap Rate 7%
$4,180,814
Cap Rate 9%
$3,251,744
Alternative Uses
Best Use
Apartment 5plus
$4.18M
$3.66M – $4.88M
NOI $292,657 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.13M
$5.36M – $7.15M
NOI $428,853 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Explore this area
Business Placement
Demographics for 80010, CO
42,303
Population
15,394
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
8,295
Density / Sq Mi
$60,755
Median Household Income
$36,349
Median Earnings
$1,400
Median Rent
$385,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily asset featuring a two-bedroom-heavy unit mix in Aurora, Colorado.
Where is this apartment building located?
The property is located at 1995 Del Mar Pkwy Aurora, CO.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Renovated multifamily asset at 1995 Del Mar Pkwy in Aurora, Colorado; Built in 1961; Two‑bedroom‑heavy unit mix
