Freestanding Industrial with Fenced
For Sale
Contact for pricing
508 Olathe St, Aurora, CO 80011
Freestanding industrial property with fenced yard near major transportation.
Property Size9,584 SF
Lot Size0.56 Acres
Price / SF$194.07
Days on Market1159
Property Features for 508 Olathe St
General Information
Standard status
Active
Size
9,584 SF
Lot size
0.56 Acres
Property subtype
Industrial
Zoning
M-1
Investment Type
Owner/User
Building Details
Stories
1
Listing Agency:
Novel Commercial
Listed By:
Ilya Klein · License #CO IR.040017010
Source:
Crexi
Added: Aug 14, 2023
Changed: Oct 1
Last Checked: Oct 14 at 9:36PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,836
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,856,720
$1.9M
Cap Rate 7%
$1,326,229
$1.3M
Cap Rate 9%
$1,031,511
$1.0M
Market Conditions
NOI Build-Up for 9,584 SF
Gross rent
$118.5K $12.36/SF
− Vacancy
−$9.2K −$0.96/SF
EGI
$109.2K $11.40/SF
− OpEx
−$16.4K −$1.71/SF
NOI
$92.8K $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 Rate 5%
$1,856,720
Cap Rate 7%
$1,326,229
Cap Rate 9%
$1,031,511
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
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
