Office/Warehouse Condos with Drive-In
For Sale
$600,000
482 Laredo Street #B-E, Aurora, CO 80011
Five I-1 zoned office/warehouse condos with heavy power and drive-in access, suited for light industrial and hybrid operations.
Property Size4,000 SF
Price / SF$120
Days on Market49
Property Features for 482 Laredo Street #B-E
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Industrial
Zoning
I-1
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
5
Heavy Power
Yes
Additional Details
Office Units
5
Building Details
Building Size
4,000 SF
Year Built
1985
Listing Agency:
Unique Properties, Inc
(303) 668-3733
Listed By:
Brad Gilpin · License #EA.100007414
(303) 668-3733
Source:
Uniqueprop
Added: Jun 25
Changed: Aug 7
Last Checked: Aug 11 at 5:30AM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
This offering consists of five separate office/warehouse condo units, each designed to support both workplace and warehouse use. The configuration includes a drive-in door measuring 10' x 12' and warehouse clear heights in the 13' to 14' range. Heavy power is available, making the spaces more compatible with tenants that need added electrical capacity. The condos are governed by an association, with dues noted as approximately $236 per month per 1,000 SF unit.
The property is zoned I-1 industrial in the City of Aurora (Arapahoe County). Each unit has direct drive-in access through the stated door opening, supporting straightforward receiving and day-to-day operations. Operating costs are outlined with property taxes of approximately $5,703 per year per 1,000 SF unit, plus utilities for any leased arrangement.
For tenants seeking an office/warehouse layout, the combination of on-site office space and functional warehouse clear height can streamline operations that require storage and workspace in the same facility. Marijuana related uses are listed as approved by the property owner and the owner’s association, which may expand flexibility for qualified operators. Units are available for sale or lease on an individual basis, providing options for both owner-users and single-tenant occupancy strategies.
The property is zoned I-1 industrial in the City of Aurora (Arapahoe County). Each unit has direct drive-in access through the stated door opening, supporting straightforward receiving and day-to-day operations. Operating costs are outlined with property taxes of approximately $5,703 per year per 1,000 SF unit, plus utilities for any leased arrangement.
For tenants seeking an office/warehouse layout, the combination of on-site office space and functional warehouse clear height can streamline operations that require storage and workspace in the same facility. Marijuana related uses are listed as approved by the property owner and the owner’s association, which may expand flexibility for qualified operators. Units are available for sale or lease on an individual basis, providing options for both owner-users and single-tenant occupancy strategies.
Key Highlights
- Five 1,000 SF I‑1 office/warehouse condos available for sale or lease
- Each unit offers a 10' x 12' drive‑in door and 13'–14' clear height
- Heavy power available for the property
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
$48,433
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
8.07%
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%
$968,660
$968.7K
Cap Rate 7%
$691,900
$691.9K
Cap Rate 9%
$538,144
$538.1K
Market Conditions
NOI Build-Up for 5,000 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
$61.8K $12.36/SF
− Vacancy
−$4.8K −$0.96/SF
EGI
$57.0K $11.40/SF
− OpEx
−$8.5K −$1.71/SF
NOI
$48.4K $9.69/SF
Area
ZIP 80011
Vacancy
7.80%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
15.00%
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%
$968,660
Cap Rate 7%
$691,900
Cap Rate 9%
$538,144
Alternative Uses
Best Use
Office B
$894.1K
$782.3K – $1.04M
NOI $62,586 @ 7.0% cap · market cap 10.43%
Second Best
Warehouse
$691.9K
$605.4K – $807.2K
NOI $48,433 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,724 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
5
Drive-in doors
5
Office units
Yes
Heavy power
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Five I-1 zoned office/warehouse condos with heavy power and drive-in access, suited for light industrial and hybrid operations.
Where is this flex space located?
The property is located at 482 Laredo Street #B-E Aurora, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Five 1,000 SF I‑1 office/warehouse condos available for sale or lease; Each unit offers a 10' x 12' drive‑in door and 13'–14' clear height; Heavy power available for the property
