Renovated Multifamily
1995 Del Mar Pkwy Aurora, CO 80010
1995 Del Mar Pkwy, Aurora, CO, 80010
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For Sale
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Renovated multifamily asset featuring a two-bedroom-heavy unit mix in Aurora, Colorado.
Property Size21,925 SF
Price / SF$180.16
Days on Market120
Property Features for 1995 Del Mar Pkwy
General Information
- Standard status
- Active
- Size
- 21,925 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing agency
MMG
(303) 257-7627
Listed by
Adam Riddle · License #CO 100024441
Source
Crexi
Added: Mar 24 Updated: Jul 21 at 12:44AM Checked: Jul 21 at 12:44AM
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
Local Financial Insights For Apartment 5plus
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 | $570.9k | $26.04 |
| − Vacancy | −$38.8k | −$1.77 |
| EGI | $532.1k | $24.27 |
| − OpEx | −$239.4k | −$10.92 |
| NOI | $292.7k | $13.35 |
21,925 SF · lease $26.04/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.18M
$3.66M – $4.88M
NOI $292,657 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.13M
$5.36M – $7.15M
NOI $428,853 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 $3,950,000.
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
