Townhouse with EV
For Sale
$370,999
23576 E 5th Pl, Aurora, CO 80018
Updated three-bedroom home with an attached garage, community recreation, and an open main-level arrangement.
Property Size1,553 SF
Days on Market218
Property Features for 23576 E 5th Pl
General Information
Standard status
Active
Size
1,553 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,772
Building Details
Building Size
1,553 SF
Year Built
2019
Listing Agency:
Real Broker, LLC DBA Real
(303) 520-5683
Listed By:
Jim Loveridge · License #001325115
(303) 520-5683
Source:
Corken
Added: Jan 26
Changed: Aug 31
Last Checked: Aug 31 at 9:22PM
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 Real Broker, LLC DBA Real
Investment Insights
Based on property information with market context.
Built in 2019, this townhouse offers three bedrooms, an open main floor connecting the kitchen, dining area, and living room, and updated appliances. The upper level includes a primary suite with dual-sink bathroom finishes, a large walk-in shower, and a walk-in closet, along with two additional bedrooms, a full bathroom, and an oversized laundry closet.
An attached 2-car garage, guest parking, and an installed EV charger add practical functionality. Community amenities include a park, basketball court, clubhouse, and pool located near the home.
An attached 2-car garage, guest parking, and an installed EV charger add practical functionality. Community amenities include a park, basketball court, clubhouse, and pool located near the home.
Key Highlights
- Three‑bedroom townhouse built in 2019
- Open main level with kitchen, dining, and living areas
- Primary suite includes dual sinks, walk‑in shower, and walk‑in closet
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
$20,730
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
5.59%
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%
$414,600
$414.6K
Cap Rate 7%
$296,143
$296.1K
Cap Rate 9%
$230,333
$230.3K
Market Conditions
NOI Build-Up for 1,553 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
$40.4K $26.04/SF
− Vacancy
−$2.7K −$1.77/SF
EGI
$37.7K $24.27/SF
− OpEx
−$17.0K −$10.92/SF
NOI
$20.7K $13.35/SF
Area
Aurora, CO
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$414,600
Cap Rate 7%
$296,143
Cap Rate 9%
$230,333
Alternative Uses
Best Use
Apartment 5plus
$296.1K
$259.1K – $345.5K
NOI $20,730 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.0K
$379.7K – $506.3K
NOI $30,377 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 80018, CO
16,106
Population
5,919
Households
2.7
Avg Household Size
34
Median Age
40%
College-Educated
93%
High-School Grad
35.4 sq mi
ZIP Area
455
Density / Sq Mi
$127,390
Median Household Income
$60,104
Median Earnings
$2,542
Median Rent
$558,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated three-bedroom home with an attached garage, community recreation, and an open main-level arrangement.
Where is this residential income property located?
The property is located at 23576 E 5th Pl Aurora, CO.
What is the asking price?
The asking price for this property is $370,999.
What are key features of this property?
This property features: Three‑bedroom townhouse built in 2019; Open main level with kitchen, dining, and living areas; Primary suite includes dual sinks, walk‑in shower, and walk‑in closet
