Flex Space with
For Sale
$370,000
538 Olathe Street Unit D, Aurora, CO 80011
Vacant condominium offers office, showroom, warehouse, and storage areas with paved access.
Property Size1,750 SF
Price / SF$211.43
Days on Market87
Property Features for 538 Olathe Street Unit D
General Information
Standard status
Active
Size
1,750 SF
Total Parking Spaces
5
Property subtype
Office
Zoning
I-1
Site & Location
Neighborhood
Kirkegaard Acres
Road Access
Yes
Utilities to Site
Yes
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$8,123
Amenities
storefront windows
private office
kitchenette
restroom
oversized overhead door
high ceilings
loft/storage area
Building Details
Building Size
1,750 SF
Year Built
1979
Owner Occupied
No
Listing Agency:
Price & Co. Real Estate
Listed By:
Andrea Price · License #100032406
(303) 956-9691
Source:
Eliselosassore
Added: Jul 31
Changed: Oct 23
Last Checked: Oct 24 at 11:26PM
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 Price & Co. Real Estate
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Investment Insights
Based on property information with market context.
This flex-space condominium combines an open office and showroom at the front with warehouse and storage areas behind it. Storefront windows bring natural light into the customer-facing portion, while the main level also provides a private office, kitchenette, and restroom. The warehouse includes an overhead door, high ceilings, and loft storage for inventory or equipment. The property contains approximately 1,750 square feet and is currently vacant.
Located at 538 Olathe Street #D in Aurora, the unit includes five designated parking spaces, paved access, public utilities, and I-1 zoning. The configuration supports a range of office, service, contractor, and light industrial operations, with convenient access to major transportation corridors serving the Denver metro area.
Located at 538 Olathe Street #D in Aurora, the unit includes five designated parking spaces, paved access, public utilities, and I-1 zoning. The configuration supports a range of office, service, contractor, and light industrial operations, with convenient access to major transportation corridors serving the Denver metro area.
Key Highlights
- Approximately 1,750 square feet of office, showroom, warehouse, and storage space
- Front showroom with storefront windows and natural light
- Warehouse area with overhead door, high ceilings, and loft storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,905
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,100
$438.1K
Cap Rate 7%
$312,929
$312.9K
Cap Rate 9%
$243,389
$243.4K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$38.4K $21.96/SF
− Vacancy
−$9.2K −$5.27/SF
EGI
$29.2K $16.69/SF
− OpEx
−$7.3K −$4.17/SF
NOI
$21.9K $12.52/SF
Area
ZIP 80011
Vacancy
24.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,100
Cap Rate 7%
$312,929
Cap Rate 9%
$243,389
Alternative Uses
Best Use
Office B
$312.9K
$273.8K – $365.1K
NOI $21,905 @ 7.0% cap · market cap 5.92%
Second Best
Warehouse
$242.2K
$211.9K – $282.5K
NOI $16,951 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$403.6K
$353.2K – $470.9K
NOI $28,253 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
Yes
Paved road access
Yes
Utilities to site
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Vacant condominium offers office, showroom, warehouse, and storage areas with paved access.
Where is this flex space located?
The property is located at 538 Olathe Street Unit D Aurora, CO.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Approximately 1,750 square feet of office, showroom, warehouse, and storage space; Front showroom with storefront windows and natural light; Warehouse area with overhead door, high ceilings, and loft storage
