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    15566 Colfax Ave Aurora, CO 80011

    For Sale
    $3,600,000

    5.04 Acres Commercial Land Aurora, CO

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 5.04-acre commercial land parcel in Aurora, Colorado, presents a prime redevelopment opportunity. Located at 15566 E Colfax Ave, 80011, in Arapahoe County, the property boasts a MU-C (Mixed-Use Corridor) zoning designation, allowing for diverse development options. Permitted uses include multi-family, office, medical facilities, light manufacturing, hotels, restaurants, and more. Conditional uses may also be possible, such as self-storage, assisted living, and certain retail establishments. The site benefits from its proximity to major transportation arteries, including the I-225 & Colfax Light Rail station (less than a mile away) and I-225. Furthermore, its location is less than one mile from prominent medical institutions such as UC Health, University of Colorado Hospital, Anschutz Medical Campus, and Children's Hospital Colorado. The property's strategic position within an Opportunity Zone adds significant investment appeal. Nearby, the Citadel on Colfax, a substantial mixed-use development, is currently underway, further enhancing the area's growth potential and attracting a diverse range of businesses and residents. This presents a unique chance to capitalize on the thriving Aurora market and create a significant return on investment. The asking price is $3,600,000.

    Property Features for 15566 Colfax Ave

    General Information

    Property type
    Land
    Lot Size
    219,542 SF

    HighLights

    • Prime redevelopment land available for sale.
    • Less than one mile from UCHealth, University of Colorado Hospital, Anschutz Medical Campus, Children's Hospital Colorado, and I‑225.
    • One mile from I‑225 & Colfax Light Rail Station.
    • Situated in an Opportunity Zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.8069495
    Latitude
    39.7396607

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    FAQs

    What type of property is this?
    Land - 5.04 Acres Commercial Land Aurora, CO
    Where is this land located?
    The property is located at 15566 Colfax Ave Aurora, CO.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: Prime redevelopment land available for sale.; Less than one mile from UCHealth, University of Colorado Hospital, Anschutz Medical Campus, Children's Hospital Colorado, and I-225.; One mile from I-225 & Colfax Light Rail Station.
    Request Owner's contact information
    15566 Colfax Ave Aurora, CO 80011
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    Aurora, CO 80011
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    Realmo Value Estimation

    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.

    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.

    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
    15566 Colfax Ave Aurora, CO 80011
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