Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14383 Evans Ave Aurora, CO 80014

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14383 Evans Ave Aurora, CO 80014

    View on Map
    • Apartment buildings
    • 1.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 14383 Evans Ave

    Lot size
    1.70 lot acres
    Property type
    Apartment buildings

    Description

    This exceptional 49-unit apartment building presents a compelling investment opportunity in Aurora, Colorado. Located at 14383 E Evans Ave, this four-story property sits on a 1.7-acre lot and boasts 110 feet of frontage on E. Evans Avenue. The building is permitted and ready for immediate development, with all public improvements completed. The property benefits from a highly desirable Mixed-Use/Industrial (MU-OI) zoning designation, allowing for flexible uses, including senior care and assisted living. Its prime infill location offers excellent access to I-225 and the Iliff Interchange, placing it within close proximity to numerous hotels, restaurants, retail establishments, services, and the RTD Iliff Station. Conveniently located just 20 minutes from Denver International Airport, this property offers unparalleled convenience and accessibility. Utilities are provided by the City of Aurora (water, gas) and Xcel Energy (electricity). The asking price is $2,400,000, translating to $32.37 per square foot. This is a truly remarkable opportunity to acquire a high-yield, strategically located multifamily asset in a thriving Colorado market. The property is situated in Arapahoe County, zip code 80014.

    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
    -104.821
    Latitude
    39.6801

    Comparable in this City

    • Value Estimation
      $20,710,000
      200,360 SF

      3239 Parker Rd, Unit 3251

      HIGH-RISE APARTMENTS • 200,360 SF
      3239 Parker Rd, Denver, CO 80014-3244
      View Details
    • Value Estimation by Request
      374,707 SF

      11100 Dartmouth Ave

      GARDEN APT, COURT APT (5+ UNITS) • 374,707 SF
      11100 Dartmouth Ave, Denver, CO 80014-4861
      View Details
    • Value Estimation by Request
      703,822 SF

      10700 Dartmouth Ave

      GARDEN APT, COURT APT (5+ UNITS) • 703,822 SF
      10700 Dartmouth Ave, Denver, CO 80014-4801
      View Details
    • Value Estimation
      $15,205,000
      99,476 SF

      1925 Vaughn Way

      HIGH-RISE APARTMENTS • 99,476 SF
      1925 Vaughn Way, Aurora, CO 80014-6555
      View Details
    • Value Estimation
      $10,635,000
      71,572 SF

      3172 Parker Rd

      HIGH-RISE APARTMENTS • 71,572 SF
      3172 Parker Rd, Aurora, CO 80014
      View Details
    • Value Estimation
      $38,450,000
      376,021 SF

      3255 Parker Rd, Unit 1

      HIGH-RISE APARTMENTS • 376,021 SF
      3255 Parker Rd, Denver, CO 80014-3241
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Aurora Multifamily Property For Sale

      Multifamily property for sale in Aurora, Colorado.
      14383 E Evans Ave, Aurora, CO 80014
      View Details
    • $279,000
      1,098 SF

      Aurora Condo with Updated Interior

      Two-bedroom, two-bathroom condo in Aurora, Colorado with updated interior.
      13651 E Yale Ave, Aurora, CO 80014
      View Details
    • Contact for pricing
      948 SF

      Aurora Condo Near Jewel Wetlands

      Charming 2-bed, 2-bath condo near Jewel Wetlands Lake.
      13261 E Asbury Dr, Aurora, CO 80014
      View Details
    • $275,000
      1,200 SF

      Updated Condo with Western Views

      Updated condo in a quiet 55+ community with amenities.
      13601 E Marina Dr, Aurora, CO 80014
      View Details
    • $295,000
      Pending

      Cozy Condo with Spacious Layout

      Well-maintained 2-bedroom, 2-bathroom condo near shopping and highways.
      13950 E Oxford Pl, Aurora, CO 80014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Space Available

      High-quality office space with upgraded amenities for rent.
      2821-2851 S Parker Rd, Aurora, CO 80014
      View Details
    • Contact for pricing

      Aurora Office Space For Lease

      Office space available for lease in Aurora, Colorado.
      2953 S Peoria St, Aurora, CO 80014
      View Details
    • Contact for pricing

      CO, Aurora - Iliff Ave

      Discover many ways to work your way in WI, Cedarburg - Doerr Way
      14001 Iliff Ave, Aurora, CO 80014
      View Details
    • Contact for pricing

      Retail Space Available in Aurora

      Retail spaces available in Aurora, Colorado, near I-225.
      3005 S Peoria St, Aurora, CO 80014
      View Details
    • Contact for pricing

      Flexible Workspace in Aurora, Colorado

      Global network of workspaces with flexible terms and customizable layouts.
      3190 S Vaughn Way, Aurora, CO 80014
      View Details
    • Contact for pricing
      10,801 SF

      Promenade on Parker For Lease

      Promenade on Parker Road For Lease
      2320 South Parker Road, Denver, CO 80014
      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.
    14383 Evans Ave
    Aurora, CO 80014
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!