Freestanding Flex
For Sale
Contact for pricing
575 NUCLA WAY, Aurora, CO 80011
I-1-zoned facility with an automotive-oriented layout and recent roof replacement.
Property Size13,500 SF
Lot Size0.70 Acres
Price / SF$188.10
Days on Market15
Property Features for 575 NUCLA WAY
General Information
Standard status
Active
Size
13,500 SF
Class
C
Lot size
0.70 Acres
Property subtype
Industrial
Zoning
I-1
Lease Type
NNN
Additional Details
Asking Price
$2,560,000
Highway Access
Yes
Building Details
Year Built
1981
Stories
1
Units
1
Tenancy
Single
Building Size
13,500 SF
Listing Agency:
Avant Group
Listed By:
Jason Ruscio · License #CO: 040045596– ER
Source:
Crexi
Added: Aug 20
Changed: Sep 2
Last Checked: Sep 2 at 2:13PM
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 Avant Group
Investment Insights
Based on property information with market context.
Built in 1981, this freestanding flex property offers an existing configuration oriented toward automotive-related operations. The facility carries I-1 zoning, and the roof was replaced approximately one year ago. The property is positioned on approximately 0.70 acres and is expected to be ready for occupancy within approximately 30 days.
Access to I-70 and I-225 connects the site with Aurora, Denver, and surrounding industrial markets. Its established industrial format and zoning support consideration for automotive service, contractor, trade, warehouse, service, showroom, and other light-industrial operations, subject to independent verification of permitted uses and applicable requirements.
Access to I-70 and I-225 connects the site with Aurora, Denver, and surrounding industrial markets. Its established industrial format and zoning support consideration for automotive service, contractor, trade, warehouse, service, showroom, and other light-industrial operations, subject to independent verification of permitted uses and applicable requirements.
Key Highlights
- Freestanding industrial property on approximately 0.70 acres
- I‑1 zoning supports industrial and service‑related use consideration
- Automotive‑oriented configuration already in place
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
$183,037
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
7.15%
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%
$3,660,740
$3.7M
Cap Rate 7%
$2,614,814
$2.6M
Cap Rate 9%
$2,033,744
$2.0M
Market Conditions
NOI Build-Up for 13,610 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
$274.4K $20.16/SF
− Vacancy
−$12.9K −$0.95/SF
EGI
$261.5K $19.21/SF
− OpEx
−$78.4K −$5.76/SF
NOI
$183.0K $13.45/SF
Area
ZIP 80011
Vacancy
4.70%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
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%
$3,660,740
Cap Rate 7%
$2,614,814
Cap Rate 9%
$2,033,744
Alternative Uses
Best Use
Retail
$2.61M
$2.29M – $3.05M
NOI $183,037 @ 7.0% cap · market cap 7.15%
Second Best
Warehouse
$1.88M
$1.65M – $2.20M
NOI $131,834 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,731 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Under-served
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned facility with an automotive-oriented layout and recent roof replacement.
Where is this flex space located?
The property is located at 575 NUCLA WAY Aurora, CO.
What is the asking price?
The asking price for this property is $2,560,000.
What are key features of this property?
This property features: Freestanding industrial property on approximately 0.70 acres; I‑1 zoning supports industrial and service‑related use consideration; Automotive‑oriented configuration already in place
