Transportation Science Flex
For Sale
Contact for pricing
2022 Helena Street, Aurora, CO 80011
Flex space offered under a long-term absolute net lease with 3.5% annual increases.
Property Size81,121 SF
Price / SF$186.23
Days on Market57
Property Features for 2022 Helena Street
General Information
Standard status
Active
Size
81,121 SF
Class
A
Property subtype
Industrial
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$1,016,325
Additional Details
Highway Access
Yes
Building Details
Year Built
1997
Year Renovated
2003
Stories
2
Units
5
Tenancy
Single
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Alvin Mansour · License #TX 0606255
(858) 373-3184
Source:
Crexi
Added: Jul 20
Changed: Sep 11
Last Checked: Sep 14 at 5:17AM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
The property is a flex space offering a long-term absolute net lease structure with 3.50% annual increases. The public remarks identify the business as a leader in transportation sciences.
The facility is described as located within a key industrial and manufacturing hub, with close proximity to major freeways and highways.
Additional property details, including size, specific unit configuration, and site improvements, were not provided.
The facility is described as located within a key industrial and manufacturing hub, with close proximity to major freeways and highways.
Additional property details, including size, specific unit configuration, and site improvements, were not provided.
Key Highlights
- Long‑term absolute net lease
- 3.5% annual increases in lease terms
- Flex space
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
$642,201
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
4.25%
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%
$12,844,020
$12.8M
Cap Rate 7%
$9,174,300
$9.2M
Cap Rate 9%
$7,135,567
$7.1M
Market Conditions
NOI Build-Up for 81,121 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
$1.00M $12.36/SF
− Vacancy
−$85.2K −$1.05/SF
EGI
$917.4K $11.31/SF
− OpEx
−$275.2K −$3.39/SF
NOI
$642.2K $7.92/SF
Area
ZIP 80011
Vacancy
8.50%
Lease Rate
$12.36 /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%
$12,844,020
Cap Rate 7%
$9,174,300
Cap Rate 9%
$7,135,567
Alternative Uses
Best Use
Industrial
$9.17M
$8.03M – $10.70M
NOI $642,201 @ 7.0% cap · market cap 4.25%
Second Best
Flex RnD
$9.15M
$8.00M – $10.67M
NOI $640,337 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$18.71M
$16.37M – $21.83M
NOI $1,309,682 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80011, CO
54,254
Population
19,108
Households
2.8
Avg Household Size
32
Median Age
19%
College-Educated
76%
High-School Grad
20.4 sq mi
ZIP Area
2,660
Density / Sq Mi
$69,719
Median Household Income
$36,853
Median Earnings
$1,607
Median Rent
$367,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space offered under a long-term absolute net lease with 3.5% annual increases.
Where is this flex space located?
The property is located at 2022 Helena Street Aurora, CO.
What is the asking price?
The asking price for this property is $15,107,031.
What are key features of this property?
This property features: Long‑term absolute net lease; 3.5% annual increases in lease terms; Flex space
