Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Aurora Office Space For Lease Title is generated by Realmo AI

    2953 S Peoria St, Aurora, CO 80014

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space available for lease in Aurora, Colorado.

    Type:Office
    Added:
    Feb 15, 2024
    Days on Market:
    843
    Last Refresh:
    May 12 at 9:30 pm

    Property Features for 2953 S Peoria St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1988

    Spaces For Lease

    at 2953 S Peoria St Contact us

    Suite 260 $15/Mo

    Size
    5,771 SF
    Type
    Office
    Bright space with south facing windows, updated conference room, a mix of office...
    show more
    Contact us

    Suite 200 $15/Mo

    Size
    4,281 SF
    Type
    Office
    South East facing office intensive suite, 11 private offices, 1 conference room,...
    show more
    Contact us

    Suite 210 $15/Mo

    Size
    4,209 SF
    Type
    Office
    2 private offices, conference room, and open lab space with heavy power.
    Contact us

    We can help!

    Listing Contact
    Travis Wanger

    Listing agent Travis Wanger License #FA100085277

    Listing office Fuller Real Estate

    Listing date Feb 15, 2024

    Source Crexi

    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 Fuller Real Estate

    HighLights

    • Established in 1988

    Overview

    Office space is available for lease at a property located at 2953 S Peoria St, Aurora, CO 80014.
    Location Intelligence

    Current Use by Public Records

    Office Spaces

    Suggested Use

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

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

    Similar Places Nearby

    • Revenue Enterprises LLC — 3131 S Vaughn Way # 650, Aurora, CO 80014
    • Beyond IT Support — 12321 E Cornell Ave #22, Denver, CO 80014
    • Expressline phone and tablet repair — Next to UPS, 3124 S Parker Rd a1, Aurora, CO 80014
    • Aurora Gold Pawn — 3124 S Parker Rd Ste A, Aurora, CO 80014, United States
    • Home Health Services — 3090 S Jamaica Ct, Aurora, CO 80014

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.835
    Latitude
    39.6608

    Nearby Similar for Lease

    • Sponsored
      $129-$3,012/Mo
      11-1,292 SF

      South Vaughn Way

      3190 Vaughn Way, Unit 550, Aurora, CO 80014
      View Details
    • $6,667/Mo
      1,000 SF

      Aurora Office/Warehouse Condos For Lease

      Five 1,000 SF office/warehouse condos for lease in Aurora.
      482 Laredo Street #A-E, Aurora, CO 80011
      View Details
    • $19 SF/Yr
      1,880 SF

      Light-Industrial Space with Drive-Through

      1,880 SF light-industrial space featuring a drive-through layout.
      760 Dayton St, Aurora, CO 80010
      View Details
    • $15 SF/Yr
      7,738 SF

      Freestanding Retail Building on Colfax

      High-traffic location suitable for retail, restaurant, or service uses.
      10204 E Colfax Ave, Aurora, CO 80010
      View Details
    • $22 SF/Yr
      1,750 SF

      Aurora Flex Industrial Units For Lease

      Five industrial-flex units available for lease near Airport Blvd.
      597 Olathe Street, Aurora, CO 80011
      View Details
    • $7 SF/Yr
      52,371 SF

      Aurora Office Warehouse Flex Space

      14,480 SF flex space suitable for various business operations.
      Aurora, CO 80017
      View Details
    • $15 SF/Yr
      7,738 SF

      Freestanding Retail Building on Colfax

      7,738 SF retail building on 0.43-acre lot for lease.
      10204 E Colfax Avenue, Aurora, CO 80010
      View Details
    • $18 SF/Yr
      4,500 SF

      Aurora Office Space Near Transit

      4,500 SF office space with excellent transit access.
      2675 S Abilene St, Aurora, CO
      View Details
    • $16 SF/Yr
      4,500 SF

      Automotive Building with Four Bays

      Freestanding automotive building with four bays and small office.
      16710 E Iliff Ave, Aurora, CO 80013
      View Details
    • $10 SF/Yr
      2,746 SF

      Aurora Industrial Flex Space Sublease

      Functional flex space with office and warehouse areas available for sublease.
      3370 Peoria St, Aurora, CO
      View Details
    • $32 SF/Yr
      1,390 SF

      Retail Building in Denver MSA

      11,029 SF retail building with national tenants for lease.
      3571 S Tower Rd, Aurora, CO
      View Details
    • $12,500/Mo
      7,656 SF

      Former Restaurant Space Near Lightrail

      Restaurant space adjacent to apartments and near light rail station.
      14200 E Iliff Ave, Aurora, CO
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Aurora, Colorado.
    Where is this office space located?
    The property is located at 2953 S Peoria St Aurora, CO.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Established in 1988
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Travis Wanger
    Real Estate License ID: FA100085277
    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

    Thank You for Inquiry
    2953 S Peoria St, Aurora, CO 80014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!