Aurora Retail Building For
For Sale
Contact for pricing
2340 South Chambers Rd., Aurora, CO 80014
High-visibility retail building in Aurora, ideal for owner-user.
Property Size4,576 SF
Lot Size0.60 Acres
Price / SF$447.99
Days on Market109
Property Features for 2340 South Chambers Rd.
General Information
Standard status
Active
Size
4,576 SF
Lot size
0.60 Acres
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
1980
Stories
1
Units
1
Listing Agency:
Centennial Advisers
(714) 231-2537
Listed By:
Alison Davis · License #100108886
Source:
Crexi
Added: May 13
Changed: Aug 7
Last Checked: Aug 29 at 6:43PM
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 Centennial Advisers
Investment Insights
Based on property information with market context.
Located at 2340 S Chambers Rd in Aurora, this 4,576 SF single-tenant retail building presents an owner-user opportunity along a commercial corridor. Constructed in 1980, the single-story building features reinforced concrete construction and a built-out floor plan suitable for a second-generation restaurant, bar, or nightclub. The property is situated on a 26,136-square-foot lot. It benefits from high visibility at the intersection of South Chambers Road and East Iliff Avenue, providing exposure and access to transportation routes. The location is in a dense southeast Aurora neighborhood near residential communities, with connectivity to the Denver metropolitan area via Interstate 225 (Exit 5). This property is suitable for businesses seeking a centrally located storefront with visibility in the Aurora market.
Key Highlights
- High‑visibility location at the intersection of South Chambers Road and East Iliff Avenue.
- 4,576 SF single‑tenant retail building suitable for a restaurant, bar, or nightclub.**
- Excellent access to major transportation routes and Interstate 225.
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
$58,032
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
2.83%
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%
$1,160,640
$1.2M
Cap Rate 7%
$829,029
$829.0K
Cap Rate 9%
$644,800
$644.8K
Market Conditions
NOI Build-Up for 4,576 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
$90.6K $19.80/SF
− Vacancy
−$7.7K −$1.68/SF
EGI
$82.9K $18.12/SF
− OpEx
−$24.9K −$5.44/SF
NOI
$58.0K $12.68/SF
Area
Aurora, CO
Vacancy
8.50%
Lease Rate
$19.80 /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%
$1,160,640
Cap Rate 7%
$829,029
Cap Rate 9%
$644,800
Alternative Uses
Best Use
Retail
$829.0K
$725.4K – $967.2K
NOI $58,032 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,507 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
King Soopers
Groceries
56,846 visits/mo
0.5 miles
Demographics for 80014, CO
41,711
Population
19,903
Households
2.1
Avg Household Size
40
Median Age
44%
College-Educated
93%
High-School Grad
7.2 sq mi
ZIP Area
5,793
Density / Sq Mi
$72,561
Median Household Income
$47,950
Median Earnings
$1,800
Median Rent
$386,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - High-visibility retail building in Aurora, ideal for owner-user.
Where is this storefront property located?
The property is located at 2340 South Chambers Rd. Aurora, CO.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: High‑visibility location at the intersection of South Chambers Road and East Iliff Avenue.; 4,576 SF single‑tenant retail building suitable for a restaurant, bar, or nightclub.**; Excellent access to major transportation routes and Interstate 225.
