Industrial Flex
For Sale
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2200 Chambers Road, Aurora, CO 80011
Industrial flex condo with HOA restrictions limiting heavy automotive uses like mechanics and body shops.
Property Size2,051 SF
Price / SF$170.65
Days on Market260
Property Features for 2200 Chambers Road
General Information
Standard status
Active
Size
2,051 SF
Property subtype
INDUSTRIAL
Listing Agency:
Apex Real Estate Advisors
(720) 440-2156
Listed By:
Jeremiah Maupin · License #ER.040039836
(303) 819-9135
Source:
Moodyscre
Added: Jan 2
Changed: Sep 12
Last Checked: Sep 19 at 9:49AM
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 Apex Real Estate Advisors
Investment Insights
Based on property information with market context.
Industrial/flex condo measuring 2,051 SF, suited for a range of service and distribution-oriented businesses. The space is presented as a condo-style industrial/flex option, with HOA restrictions in place.
The HOA includes limitations on heavy automotive uses, specifically referencing mechanics and body shops. This framework may help define the types of operations suitable for the property.
Located at 2200 Chambers Road, Aurora, CO 80011, the offering is positioned for tenants or owners looking for a smaller industrial/flex footprint with HOA guidelines that restrict certain heavy automotive activity.
The HOA includes limitations on heavy automotive uses, specifically referencing mechanics and body shops. This framework may help define the types of operations suitable for the property.
Located at 2200 Chambers Road, Aurora, CO 80011, the offering is positioned for tenants or owners looking for a smaller industrial/flex footprint with HOA guidelines that restrict certain heavy automotive activity.
Key Highlights
- Industrial/flex condo measuring 2,051 SF
- HOA restrictions limit heavy automotive uses like mechanics and body shops
- Suites flexible business use cases including service companies and online retailers
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
$16,237
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
4.64%
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%
$324,740
$324.7K
Cap Rate 7%
$231,957
$232.0K
Cap Rate 9%
$180,411
$180.4K
Market Conditions
NOI Build-Up for 2,051 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
$25.4K $12.36/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$23.2K $11.31/SF
− OpEx
−$7.0K −$3.39/SF
NOI
$16.2K $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%
$324,740
Cap Rate 7%
$231,957
Cap Rate 9%
$180,411
Alternative Uses
Best Use
Industrial
$232.0K
$203.0K – $270.6K
NOI $16,237 @ 7.0% cap · market cap 4.64%
Second Best
Flex RnD
$231.3K
$202.4K – $269.8K
NOI $16,190 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$473.0K
$413.9K – $551.9K
NOI $33,113 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex condo with HOA restrictions limiting heavy automotive uses like mechanics and body shops.
Where is this flex space located?
The property is located at 2200 Chambers Road Aurora, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Industrial/flex condo measuring 2,051 SF; HOA restrictions limit heavy automotive uses like mechanics and body shops; Suites flexible business use cases including service companies and online retailers
