Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8905 & 8969 E Colfax Ave Aurora, CO 80010

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,744,000

    Commercial land available for development on East Colfax Avenue.

    Type:East Colfax Development Site
    Added:
    Mar 6, 2026
    Days on Market:
    45
    Last Refresh:
    Apr 6 at 12:52 am

    Property Features for 8905 & 8969 E Colfax Ave

    General Information

    Standard status
    Active
    Property subtype
    East Colfax Development Site

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    Brett MacDougall
    Brett MacDougall

    Listing agent Brett MacDougall

    Listing office UNIQUE PROPERTIES LLC

    Listing date Mar 6, 2026

    Source Tcnworldwide

    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 LLC

    Overview

    East Colfax Development Site

    This commercial land, located on East Colfax Avenue, is available for sale. The properties can be sold separately or together, presenting a development opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.884
    Latitude
    39.7404

    Nearby Similar for Sale

    • $3,249,000

      Aurora Religious Facility For Sale

      22,261 SF religious facility on 2.949 acres.
      15600 E Alameda Parkway, Aurora, CO 80017
      View Details
    • $1,800,000

      Aurora Land Ready For Development

      2.31 acre Aurora land parcel suitable for development.
      1960 Altura Boulevard, Aurora, CO 80011
      View Details
    • $875,000
      3,313 SF

      Aurora Retail Investment Opportunity

      Multi-tenant retail building in a high-traffic Aurora location.
      1417 Havana Street, Aurora, CO 80010
      View Details
    • $15
      5,040 SF

      Aurora Mixed-Use Development Opportunity

      5,040 SF mixed-use building on oversized lot near Stanley Marketplace.
      2323 Dayton Street, Aurora, CO 80010
      View Details
    • $700,000

      Aurora Gas Station For Sale

      6-pump gas station with a 10-year NNN lease.
      754 Peoria Street, Aurora, CO 80011
      View Details
    • $1,800,000
      5,109 SF

      Aurora Automotive Repair Building For Sale

      5,109 SF automotive collision repair building on 20,038 SF land.
      1525 Lansing St, Aurora, CO
      View Details
    • $775,000
      5,000 SF

      Versatile Flex Space with Lab

      5,000 SF flex space with lab and grow rooms.
      472 Laredo Street, Aurora, CO 80011
      View Details
    • $1,295,000
      2,600 SF

      Mixed-Use Building on Colfax Avenue

      Newer mixed-use commercial building on high-traffic East Colfax Avenue.
      11075 E Colfax Avenue, Aurora, CO 80010
      View Details
    • $5,690,000
      8,932 SF

      New Retail/Medical Building For Sale

      New two-story retail/medical building in Aurora's Copperleaf corridor.
      21400 E Quincy Avenue, Aurora, CO 80015
      View Details
    • $4,100,000
      6,772 SF

      Freestanding Retail Investment Opportunity

      Single-tenant retail property with long-term lease and high visibility.
      15725 East Briarwood Circle, Aurora, CO 80016
      View Details
    • $400,000
      2,502 SF

      Versatile Office Condo For Sale

      Spacious office condo ideal for medical or professional services.
      12393 E Cornell Avenue, Aurora, CO 80014
      View Details
    • $897,750
      4,275 SF

      Move-in Ready Aurora Office Building

      Aurora office building for sale with reserved surface parking.
      14180 E Evans Ave, Aurora, CO
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available for development on East Colfax Avenue.
    Where is this commercial land located?
    The property is located at 8905 & 8969 E Colfax Ave Aurora, CO.
    What is the asking price?
    The asking price for this property is $1,744,000.
    What are key features of this property?
    This property features: Development site available.; Can be sold separately or together.; Located on East Colfax.
    (303) 512-2736
    We can help!
    Listing Contact
    Brett MacDougall
    Brett MacDougall
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!