Industrial/Flex Condo with Roll-Up
350 & 352 Norfolk Street Aurora, CO 80011
For Sale
$625,000
Recently renovated industrial flex condo with 10-foot roll-up door, kitchenette, and flexible zoning for a range of uses.
Property Size2,950 SF
Price / SF$211.86
Days on Market49
Property Features for 350 & 352 Norfolk Street
General Information
Standard status
Active
Size
2,950 SF
Property subtype
Industrial
Building Details
Year Built
2001
Listing Agency:
Kaufman Hagan Commercial Real Estate
(708) 990-6028
Listed By:
Paul Nora
(708) 990-6028
Source:
Pinnaclerea
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 26 at 9:17AM
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 Kaufman Hagan Commercial Real Estate
Investment Insights
Based on property information with market context.
350 & 352 Norfolk Street offers a 2,950 SF industrial/flex condo opportunity in an Aurora submarket with straightforward accessibility. The space is described as recently renovated, with new LVT flooring and a kitchenette. Roof landscaping and water are covered by the HOA. One of the condos (350 Norfolk) includes three-phase power, and the ceiling height is listed at 11 feet 7 inches.
Access is described as easy from 6th Avenue and Airport Blvd. The property includes a 10-foot roll-up garage door, supporting practical move-in and operations for industrial or light service requirements.
From a tenant or owner-operator standpoint, the flexible zoning is noted as allowing a variety of uses, including auto. The combination of three-phase power (for 350 Norfolk), the stated ceiling height, and the roll-up door make the property a workable option for users seeking an industrial/flex layout with functional loading and renovation updates.
Access is described as easy from 6th Avenue and Airport Blvd. The property includes a 10-foot roll-up garage door, supporting practical move-in and operations for industrial or light service requirements.
From a tenant or owner-operator standpoint, the flexible zoning is noted as allowing a variety of uses, including auto. The combination of three-phase power (for 350 Norfolk), the stated ceiling height, and the roll-up door make the property a workable option for users seeking an industrial/flex layout with functional loading and renovation updates.
Key Highlights
- 2,950 SF industrial/flex condo (350 & 352 Norfolk Street), built in 2001
- Recently renovated with new LVT flooring and a kitchenette
- HOA covers roof, landscaping, and water
Financial Insights For Warehouse
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 | $36.5k | $12.36 |
| − Vacancy | −$2.8k | −$0.96 |
| EGI | $33.6k | $11.40 |
| − OpEx | −$5.0k | −$1.71 |
| NOI | $28.6k | $9.69 |
2,950 SF · lease $12.36/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$408.2K
$357.2K – $476.3K
NOI $28,575 @ 7.0% cap · market cap 4.57%
Second Best
Industrial
$333.6K
$291.9K – $389.2K
NOI $23,354 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$680.4K
$595.3K – $793.8K
NOI $47,627 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Recently renovated industrial flex condo with 10-foot roll-up door, kitchenette, and flexible zoning for a range of uses.
Where is this flex space located?
The property is located at 350 & 352 Norfolk Street Aurora, CO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,950 SF industrial/flex condo (350 & 352 Norfolk Street), built in 2001; Recently renovated with new LVT flooring and a kitchenette; HOA covers roof, landscaping, and water
