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    15601 6 Ave Aurora, CO 80011

    Sponsored
    For Sale
    $4,200,000

    High-yield, multi-tenant NNN retail property.

    Property size:
    21,001 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully occupied, two-tenant net-lease retail property located at 15601 E 6th Avenue in Aurora, Colorado. The property encompasses 21,001 square feet on a 2.18-acre lot, offering ample parking (50 spaces) for tenants and customers. Currently housing Front Range Diesel and Next Stop Automotive, this Class C building boasts 100% occupancy and a strong net operating income (NOI) of $250,527, with a pro-forma NOI of $260,301. The asking price is $4,200,000, representing a 5.96% cap rate and a pro-forma cap rate of 6.20%. Built in 1986, the single-story building benefits from recent capital improvements, including roof upgrades (2021 with a 10-year transferable warranty), RTUs (2020), and flatwork (2020). Leases feature 3% annual rent bumps, providing consistent income growth. The property is zoned B-1 and enjoys a prime location at a signalized intersection with high traffic counts on E 6th Avenue and convenient access to major highways (I-225, I-25, and I-70). The area boasts a population exceeding 370,000 within a 5-mile radius. This is a rare opportunity to acquire a stable, high-performing investment with significant upside potential.

    Property Features for 15601 6 Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    21,001 SF
    Class
    C
    Lot Size
    94,961 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    1

    HighLights

    • NNN lease with ~10‑year terms.
    • 2.18‑acre lot.
    • Recent capital improvements: roof (2021), HVAC (2020), and parking lot (2020).
    • Excellent highway access (Hwys 225, 25, & 70).
    • High traffic count: 29,666 VPD on E 6th Avenue.
    • Dense population: 370,000+ within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.8059287
    Latitude
    39.7261514

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    FAQs

    What type of property is this?
    Automotive property - High-yield, multi-tenant NNN retail property.
    Where is this automotive property located?
    The property is located at 15601 6 Ave Aurora, CO.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: NNN lease with ~10-year terms.; 2.18-acre lot.; Recent capital improvements: roof (2021), HVAC (2020), and parking lot (2020).
    (303) 407-9784
    Request Owner's contact information
    15601 6 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
    15601 6 Ave Aurora, CO 80011
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