Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    618-750 Peoria St Aurora, CO 80011
    Back to Search
    Property profile & analytics

    618-750 Peoria St, Aurora, CO 80011

    View on Map
    • Retail properties & Spaces
    • 167,485 SF
    • 13.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 618-750 Peoria St

    Year built
    1959
    Lot size
    13.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Medical Office Space

    Description

    Hoffman Heights, located at 618-750 Peoria St, Aurora, CO 80011, presents a unique opportunity to lease medical office space in a thriving Aurora submarket. This Class B property, built in 1959 and renovated in 1995, comprises three single-story buildings totaling 167,485 square feet on a 13.49-acre lot. The property is zoned B-3 and features ample parking with 350 spaces. Multiple tenancy options are available, with suites ranging from a minimum divisible space of 2,958 square feet to a maximum contiguous space of 4,800 square feet. Currently, 7,758 square feet of space is vacant and ready for immediate occupancy. The property's convenient location near E 6th Avenue in the Aurora submarket cluster offers excellent visibility and accessibility. The Arapahoe County location provides easy access to major transportation routes and a strong local workforce. This is an ideal opportunity for medical practices seeking flexible and well-maintained office space in a prime Aurora location. The property's substantial size and ample parking make it suitable for a variety of medical uses. The APN is 1973-01-3-21-003.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.846
    Latitude
    39.7263

    Comparable in this City

    • Value Estimation by Request
      29,000 SF

      - AURORA CO Swc Of Colfax Ave & Potomac St

      Restaurants
      - AURORA CO Swc Of Colfax Ave & Potomac St, Aurora, CO 80011
      View Details
    • Value Estimation
      $20,430,000
      114,539 SF

      860 Potomac Cir

      MEDICAL BUILDING
      860 Potomac Cir, Aurora, CO 80011-6714
      View Details
    • Value Estimation
      $2,300,000
      11,718 SF

      3464 Salida St

      MEDICAL BUILDING
      3464 Salida St, Aurora, CO 80011-5031
      View Details
    • Value Estimation by Request
      4,320 SF

      16390 14th Pl

      MEDICAL BUILDING
      16390 14th Pl, Aurora, CO 80011-7411
      View Details
    • Value Estimation
      $3,970,000
      39,993 SF

      Aurora, CO 80011

      MEDICAL BUILDING
      Aurora, CO 80011
      View Details
    • Value Estimation
      $2,785,000
      13,450 SF

      962 Potomac Cir

      MEDICAL BUILDING
      962 Potomac Cir, Aurora, CO 80011-6714
      View Details

    Similar Nearby for Sale

    • $359,000

      Versatile Flex Condominium with Storage

      Flex condo with drive-in door and fenced outdoor storage.
      374 Norfolk St, Aurora, CO 80011
      View Details
    • Contact for pricing
      1,694 SF

      Aurora Industrial Condo For Sale

      Functional industrial condo with warehouse and office space, ready for occupancy.
      700 Billings St, Aurora, CO 80011
      View Details
    • $375,000

      Remodeled Industrial Condo For Sale

      Industrial condo remodeled in 2023 with office and warehouse features.
      422 Norfolk St, Aurora, CO 80011
      View Details
    • Contact for pricing
      10,613 SF

      Aurora Office Building For Sale

      Office building in Aurora's business corridor, near Denver Airport.
      18450 E 28 Ave, Aurora, CO 80011
      View Details
    • $1,325,000

      Aurora Multi-Tenant Office Building

      Multi-tenant office building with ample parking in Aurora, Colorado.
      651 Chambers Rd, Aurora, CO 80011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,590 SF

      Aurora Retail Space For Rent

      Move-in ready retail space with building signage available for rent.
      690 Peoria St, Aurora, CO 80011
      View Details
    • Contact for pricing
      7,000 SF

      Premier Class A Office Building

      Northwest Aurora Class A office building with street-level retail.
      13500 E Colfax Ave, Aurora, CO 80011
      View Details
    • Contact for pricing
      37,302 SF

      Aurora Retail Space For Rent

      Retail space available near Community College of Aurora.
      15540-15550 E 6 Ave, Aurora, CO 80011
      View Details
    • Contact for pricing
      4,800 SF

      Aurora Retail Space For Lease

      Retail space in Aurora, anchored by national tenants.
      618 Peoria St, Aurora, CO 80011
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Aurora, Colorado

      Retail space available for lease in Gateway Town Center.
      3471 N Salida St, Aurora, CO 80011
      View Details
    • Contact for pricing
      5,796 SF

      Retail Space in Mixed-Use District

      Retail spaces available in mixed-use district, delivering Q1 2024.
      1380 N Uvalda St, Aurora, CO 80011
      View Details
    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.
    618-750 Peoria St
    Aurora, CO 80011
    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
    618-750 Peoria St, Aurora, CO, 80011
    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!