Freestanding Automotive Service
For Sale
$1,554,000
9440 E Colfax Ave, Aurora, CO 80010
Freestanding automotive service and retail building on a hard corner with four drive-in bays and 152 feet of frontage.
Property Size5,550 SF
Lot Size0.43 Acres
Price / SF$280
Days on Market48
Property Features for 9440 E Colfax Ave
General Information
Standard status
Active
Size
5,550 SF
Class
C
Lot size
0.43 Acres
Property subtype
Retail
Zoning
B-4
Additional Details
Traffic Count
30,000 vehicles/day
Drive-In Doors
4
Service Bays
4
Building Details
Building Size
5,550 SF
Year Built
1967
Stories
1
Tenancy
Single
Listing Agency:
(303) 717-2861
Listed By:
Ron Webert, SIOR · License #CO #FA.040011255
Source:
Lee-associates
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 29 at 6:28AM
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 Ron Webert, SIOR
Investment Insights
Based on property information with market context.
This freestanding automotive service/retail building offers a total building size of 5,550 square feet on a 0.43-acre site. The property is a single-story Class C facility configured to support vehicle service with four drive-in bays and loading for operational flexibility.
Located on the hard corner of E Colfax Avenue and Clinton Street at a signalized intersection, the site benefits from high-traffic visibility, with the intersection carrying more than 30,000 vehicles per day. Aurora frontage includes 152 feet on Clinton Street and 169 feet on Colfax Avenue.
The property is zoned B-4 and presents as a well-known vehicle maintenance facility with an established retail/service use profile, making it suited for buyers seeking a dedicated automotive-oriented location.
Located on the hard corner of E Colfax Avenue and Clinton Street at a signalized intersection, the site benefits from high-traffic visibility, with the intersection carrying more than 30,000 vehicles per day. Aurora frontage includes 152 feet on Clinton Street and 169 feet on Colfax Avenue.
The property is zoned B-4 and presents as a well-known vehicle maintenance facility with an established retail/service use profile, making it suited for buyers seeking a dedicated automotive-oriented location.
Key Highlights
- 5,550 SF freestanding automotive service/retail building on a hard corner of E Colfax Ave and Clinton St
- 4 drive‑in bays for service access
- 0.43‑acre corner lot with 152 ft of Aurora frontage on Clinton Street and 169 ft on Colfax Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,385
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,407,700
$1.4M
Cap Rate 7%
$1,005,500
$1.0M
Cap Rate 9%
$782,056
$782.1K
Market Conditions
NOI Build-Up for 5,550 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$109.9K $19.80/SF
− Vacancy
−$9.3K −$1.68/SF
EGI
$100.5K $18.12/SF
− OpEx
−$30.2K −$5.44/SF
NOI
$70.4K $12.68/SF
Area
Aurora, CO
Vacancy
8.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,407,700
Cap Rate 7%
$1,005,500
Cap Rate 9%
$782,056
Alternative Uses
Best Use
Retail
$1.01M
$879.8K – $1.17M
NOI $70,385 @ 7.0% cap · market cap 4.53%
Second Best
Industrial
$961.9K
$841.7K – $1.12M
NOI $67,334 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,558 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
4
Service bays
30,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
41k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Apparel 27%
Groceries 15%
Electronics 3%
Arc Thrift Store
Apparel
11,212 visits/mo
0.4 miles
AutoZone
Shops & Services
6,911 visits/mo
0.4 miles
Wells Fargo
Shops & Services
6,806 visits/mo
0.3 miles
Payless Liquors
Groceries
6,099 visits/mo
0.3 miles
U.S. Bank
Shops & Services
4,068 visits/mo
0.4 miles
Demographics for 80010, CO
42,303
Population
15,394
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
8,295
Density / Sq Mi
$60,755
Median Household Income
$36,349
Median Earnings
$1,400
Median Rent
$385,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- CCA Diesel Power Mechanics — 1060 Alton Way, Aurora, CO 80010
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- 3ys Auto Repair — 1149 Yosemite St, Denver, CO 80220
- Bradley Petroleum Inc — 1090 Havana St, Aurora, CO 80010
- Addis Auto Repair — 1477 Chester St, Aurora, CO 80010
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding automotive service and retail building on a hard corner with four drive-in bays and 152 feet of frontage.
Where is this auto shop located?
The property is located at 9440 E Colfax Ave Aurora, CO.
What is the asking price?
The asking price for this property is $1,554,000.
What are key features of this property?
This property features: 5,550 SF freestanding automotive service/retail building on a hard corner of E Colfax Ave and Clinton St; 4 drive‑in bays for service access; 0.43‑acre corner lot with 152 ft of Aurora frontage on Clinton Street and 169 ft on Colfax Avenue
