Duplex Paired Home with
For Sale
$405,000
21233 E 63rd Dr, Aurora, CO 80019
Energy Star-certified residence with efficient appliances, flexible living space, and a fenced side yard.
Property Size1,754 SF
Days on Market136
Property Features for 21233 E 63rd Dr
General Information
Standard status
Active
Size
1,754 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,310
Amenities
Energy Star-certified
energy-efficient GE appliances
Moen faucets
vinyl plank flooring
kitchen island
loft
upstairs laundry
fully fenced side yard
walk-in closet
en suite bathroom
Building Details
Building Size
1,754 SF
Year Built
2023
Listing Agency:
Workman \u0026 Associates
(303) 888-1033
Listed By:
Paula Workman · License #200641
(303) 888-1033
Source:
Corken
Added: Apr 17
Changed: Aug 29
Last Checked: Aug 29 at 4:37PM
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 Workman \u0026 Associates
Investment Insights
Based on property information with market context.
Built in 2023, this KB Home paired residence combines contemporary finishes with practical household features. The kitchen includes a substantial island and GE appliances, while vinyl plank flooring and Moen faucets continue throughout the home. An upper-level loft provides adaptable space for additional living, work, or creative use, and the laundry area is conveniently located upstairs.
The primary suite includes a walk-in closet and private en suite bathroom. Outside, the fully fenced side yard offers dedicated outdoor space. The home is located in the Painted Prairie community in Aurora, Colorado, with Energy Star certification supporting its efficient design.
The primary suite includes a walk-in closet and private en suite bathroom. Outside, the fully fenced side yard offers dedicated outdoor space. The home is located in the Painted Prairie community in Aurora, Colorado, with Energy Star certification supporting its efficient design.
Key Highlights
- 2023 KB Home paired residence in Painted Prairie
- Energy Star‑certified construction
- Kitchen with spacious island and GE appliances
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
$25,213
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
6.23%
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%
$504,260
$504.3K
Cap Rate 7%
$360,186
$360.2K
Cap Rate 9%
$280,144
$280.1K
Market Conditions
NOI Build-Up for 1,754 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
$38.9K $22.20/SF
− Vacancy
−$2.9K −$1.67/SF
EGI
$36.0K $20.54/SF
− OpEx
−$10.8K −$6.16/SF
NOI
$25.2K $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%
$504,260
Cap Rate 7%
$360,186
Cap Rate 9%
$280,144
Alternative Uses
Best Use
Multifamily LT 5
$360.2K
$315.2K – $420.2K
NOI $25,213 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$334.5K
$292.7K – $390.2K
NOI $23,413 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$490.1K
$428.9K – $571.8K
NOI $34,308 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 80019, CO
3,865
Population
1,955
Households
2
Avg Household Size
33
Median Age
32%
College-Educated
87%
High-School Grad
28.1 sq mi
ZIP Area
138
Density / Sq Mi
$117,420
Median Household Income
$49,857
Median Earnings
$1,242
Median Rent
$529,300
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?
Duplex - Energy Star-certified residence with efficient appliances, flexible living space, and a fenced side yard.
Where is this duplex located?
The property is located at 21233 E 63rd Dr Aurora, CO.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 2023 KB Home paired residence in Painted Prairie; Energy Star‑certified construction; Kitchen with spacious island and GE appliances
