Medical Office
2224 S Fraser Unit 6 Aurora, CO 80014
For Sale
$424,981
Currently operating as a physical therapy and rehabilitation clinic within Fraser Business Park in Aurora.
Property Size1,442 SF
Price / SF$294.72
Days on Market160
Property Features for 2224 S Fraser Unit 6
General Information
- Standard status
- Active
- Size
- 1,442 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing Agency:
Innovate Commercial Real Estate LLC
(720) 583-5794
Listed By:
Charlie Cummings
(720) 583-5794
Source:
Xome
Added: Feb 13
Changed: Jul 21
Last Checked: Jul 23 at 4:16AM
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 Innovate Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This office condominium is currently operating as the Functional Performance Center, a specialized physical therapy and rehabilitation clinic. The space includes a tenant build-out described as high quality, supporting the clinic’s functional needs.
Located at 2224 S Fraser Unit 6 in Aurora, the property sits within Fraser Business Park, a well-established professional enclave in Southeast Aurora. The offering is presented as a stabilized investment opportunity, positioned within a medical and professional corridor noted for growth.
As an individually owned condominium within the business park environment, this unit provides a dedicated medical office setting for an operator seeking continuity in a clinic-focused configuration.
Located at 2224 S Fraser Unit 6 in Aurora, the property sits within Fraser Business Park, a well-established professional enclave in Southeast Aurora. The offering is presented as a stabilized investment opportunity, positioned within a medical and professional corridor noted for growth.
As an individually owned condominium within the business park environment, this unit provides a dedicated medical office setting for an operator seeking continuity in a clinic-focused configuration.
Key Highlights
- Office condominium built in 2005 in Fraser Business Park in Southeast Aurora
- Currently operating as a physical therapy and rehabilitation clinic (Functional Performance Center)
- Tenant build‑out in place for a specialized physical therapy and rehabilitation use
Financial Insights For Healthcare Medical
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 | $38.1k | $26.40 |
| − Vacancy | −$4.2k | −$2.90 |
| EGI | $33.9k | $23.50 |
| − OpEx | −$13.6k | −$9.40 |
| NOI | $20.3k | $14.10 |
1,442 SF · lease $26.40/SF/yr · vacancy 11.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$290.4K
$254.1K – $338.8K
NOI $20,329 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$402.9K
$352.6K – $470.1K
NOI $28,206 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rehabilitation centers
FAQs
What type of property is this?
Rehabilitation center - Currently operating as a physical therapy and rehabilitation clinic within Fraser Business Park in Aurora.
Where is this rehabilitation center located?
The property is located at 2224 S Fraser Unit 6 Aurora, CO.
What is the asking price?
The asking price for this property is $424,981.
What are key features of this property?
This property features: Office condominium built in 2005 in Fraser Business Park in Southeast Aurora; Currently operating as a physical therapy and rehabilitation clinic (Functional Performance Center); Tenant build‑out in place for a specialized physical therapy and rehabilitation use
