Flex Space with
D-538 Olathe St, Aurora, CO
For Sale
$370,000
Commercial condominium combining storefront office, warehouse capacity, and dedicated parking for owner-users or investors.
Property Size1,750 SF
Price / SF$211.43
Days on Market103
Property Features for D-538 Olathe St
General Information
Standard status
Size
Total Parking Spaces
Zoning
Site & Location
Neighborhood
Road Access
Utilities to Site
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Building Details
Tenancy
Listing Agency:
Price & Co. Real Estate
(303) 955-5571
Listed By:
Andrea Price · License CO #100032406
(303) 956-9691
Source:
Exprealty
Added: Jul 31
Changed: Oct 28
Last Checked: Nov 10 at 2:32PM
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 Price & Co. Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant commercial condominium provides approximately 1,750 square feet across a combination of office, showroom, warehouse, and storage areas. The front portion has an open office/showroom with storefront windows, while the main level also includes a private office, kitchenette, and restroom. The warehouse section adds open working space, an oversized overhead door, high ceilings, and a loft/storage area.
The property is located at D-538 Olathe St in Aurora, with paved access, public utilities, and five designated parking spaces. I-1 zoning supports commercial and light industrial uses, and the property offers access to major transportation corridors serving the Denver metro area. Its vacant condition allows for immediate occupancy or continued use as an investment property.
The property is located at D-538 Olathe St in Aurora, with paved access, public utilities, and five designated parking spaces. I-1 zoning supports commercial and light industrial uses, and the property offers access to major transportation corridors serving the Denver metro area. Its vacant condition allows for immediate occupancy or continued use as an investment property.
Key Highlights
- Approximately 1,750 square feet of office, showroom, warehouse, and storage space
- I‑1 zoning supports commercial and light industrial uses
- Storefront windows, private office, kitchenette, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,781
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,620
$515.6K
Cap Rate 7%
$368,300
$368.3K
Cap Rate 9%
$286,456
$286.5K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$32.1K $18.36/SF
− Vacancy
−$1.8K −$1.03/SF
EGI
$30.3K $17.33/SF
− OpEx
−$4.5K −$2.60/SF
NOI
$25.8K $14.73/SF
Area
Aurora, CO
Vacancy
5.60%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,620
Cap Rate 7%
$368,300
Cap Rate 9%
$286,456
Alternative Uses
Best Use
Warehouse
$368.3K
$322.3K – $429.7K
NOI $25,781 @ 7.0% cap · market cap 6.97%
Second Best
Flex RnD
$340.9K
$298.3K – $397.7K
NOI $23,860 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$489.0K
$427.9K – $570.5K
NOI $34,230 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Average Price Trend$/SF for Flex space in Aurora, CO
Properties on Market for Flex space in Aurora
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial condominium combining storefront office, warehouse capacity, and dedicated parking for owner-users or investors.
Where is this flex space located?
The property is located at D-538 Olathe St Aurora, CO.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Approximately 1,750 square feet of office, showroom, warehouse, and storage space; I‑1 zoning supports commercial and light industrial uses; Storefront windows, private office, kitchenette, and restroom
