Freestanding Industrial with Fenced
508 Olathe St Aurora, CO 80011
508 Olathe St, Aurora, CO, 80011
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For Sale
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Freestanding industrial property with fenced yard near major transportation.
Property Size9,584 SF
Lot Size0.56 Acres
Price / SF$194.07
Days on Market1069
Property Features for 508 Olathe St
General Information
- Standard status
- Active
- Size
- 9,584 SF
- Lot size
- 0.56 Acres
- Property subtype
- Industrial
Listing Agency
Novel Commercial
Listed by
Ilya Klein · License #CO IR.040017010
Source
Crexi
Added: Aug 14, 2023 Checked: Jul 16 at 6:44 am
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 Novel Commercial
Investment Insights
Based on property information with market context.
This freestanding industrial property features a fenced yard and is situated close to DIA, I-225, and I-70 along 6th Ave. The property includes two electric-motorized drive-in overhead doors. It has a concrete parking lot and sits on 0.56 acres. The building is insulated and features skylights. It is fully fire sprinklered and has 400A of 240V 3-phase electrical power. The property size is 9584 square feet.
Key Highlights
- Freestanding Industrial with Fenced Yard
- Close to DIA, I‑225 and I‑70 along 6th Ave
- 400A of 240V 3‑Phase Electrical Power
Local 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 | $118.5k | $12.36 |
| − Vacancy | −$9.2k | −$0.96 |
| EGI | $109.2k | $11.40 |
| − OpEx | −$16.4k | −$1.71 |
| NOI | $92.8k | $9.69 |
9,584 SF · lease $12.36/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,836 @ 7.0% cap · market cap 4.99%
Second Best
Industrial
$1.08M
$948.4K – $1.26M
NOI $75,873 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,732 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
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- Aurora Boatel & RV Storage — 651 Salida Way, Aurora, CO 80011
- SmartStop Self Storage — 500 Laredo St, Aurora, CO 80011
- Pink Door Storage & RV - Aurora — 805 Salida Way, Aurora, CO 80011
FAQs
What type of property is this?
Warehouse - Freestanding industrial property with fenced yard near major transportation.
Where is this warehouse located?
The property is located at 508 Olathe St Aurora, CO.
What is the asking price?
The asking price for this property is $1,860,000.
What are key features of this property?
This property features: Freestanding Industrial with Fenced Yard; Close to DIA, I‑225 and I‑70 along 6th Ave; 400A of 240V 3‑Phase Electrical Power
