Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    232 Havana St Aurora, CO 80010
    Back to Search
    Property profile & analytics

    232 Havana St Aurora, CO 80010

    View on Map
    • Land
    • 0.81 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 232 Havana St

    Lot size
    0.81 lot acres
    Property type
    Land

    Description

    This exceptional 0.81-acre commercial land parcel presents a unique redevelopment opportunity in Aurora, Colorado. Situated on Havana Street, the property boasts prime visibility and high traffic counts, ensuring significant exposure for any business. The flexible MU-C zoning allows for a diverse range of uses, including retail establishments, automotive businesses, fast-food restaurants, gas stations, and numerous other commercial ventures. The location in Arapahoe County, with an address of 232 Havana St, Aurora, CO 80010 (latitude 39.7194328, longitude -104.8647644), provides easy access to major transportation routes and a thriving consumer base. This strategically located land offers substantial potential for investors and developers seeking a high-impact commercial project. The significant lot size provides ample space for development, allowing for flexibility in design and functionality. This is an exceptional opportunity to capitalize on the strong commercial growth in Aurora and create a thriving business venture. Serious inquiries are encouraged to explore the possibilities of this prime commercial land parcel.

    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
    -104.865
    Latitude
    39.7194

    Comparable in this City

    • Value Estimation by Request
      0.81 Acres

      232 Havana St

      Land • 0.81 Acres
      232 Havana St, Aurora, CO 80010
      View Details
    • Value Estimation by Request
      170.00 Acres

      Aspen Business Park

      Land • 1,700,000 SF
      0 Aspen Business Park, Aurora, CO 80010
      View Details
    • Value Estimation by Request
      0.15 Acres

      1695 Alton St

      Land • 0.15 Acres
      1695 Alton St, Aurora, CO 80010
      View Details
    • Value Estimation by Request
      1,000 SF

      Aurora, CO 80010

      COMMERCIAL (GENERAL) • 1,000 SF
      Aurora, CO 80010
      View Details
    • Value Estimation by Request
      0.10 Acres

      Colfax Ave

      COMMERCIAL (GENERAL) • 0.10 Acres
      Colfax Ave, Aurora, CO 80010
      View Details
    • Value Estimation
      $2,630,000
      9,440 SF

      3313 Moline St

      SHOW ROOM, WAREHOUSE • 9,440 SF
      3313 Moline St, Aurora, CO 80010-1402
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land Ready to Develop

      Commercial land in up-and-coming area near Anschutz Medical Center.
      1548 Chester St, Aurora, CO 80010
      View Details
    • Contact for pricing

      Aurora Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Aurora, with no height restrictions.
      1440 Moline St, Aurora, CO 80010
      View Details
    • $250,000

      Commercial Land Ready for Development

      Commercial land in up-and-coming area near Anschutz Medical Center.
      1548 Chester St, Aurora, CO 80010
      View Details
    • $1,744,000

      East Colfax Development Site

      Commercial land available for development on East Colfax Avenue.
      8905 E Colfax Ave, Aurora, CO 80010
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Marketplace in Central Park

      Retail, restaurant, and office spaces in a trendy neighborhood.
      2501 Dallas St, Aurora, CO 80010
      View Details
    • Contact for pricing
      17,100 SF

      Industrial Space Near Major Highways

      Industrial property with easy access to major highways and DIA.
      4800-4885 Lima St, Denver, CO 80010
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space Near King Soopers

      3,500 SF end cap retail space available for rent.
      1060 S Geneva St, Denver, CO 80010
      View Details
    • Contact for pricing
      3,839 SF

      Aurora Retail Space with Bar

      First-generation retail space with kitchen and bar for rent.
      12955 E Montview Blvd, Aurora, CO 80010
      View Details
    • Contact for pricing
      14,336 SF

      Denver Industrial Space Available

      20,992 SF industrial space for rent in Denver.
      3700 Havana St, Denver, CO 80010
      View Details
    • Contact for pricing
      1,870 SF

      Retail Space in Aurora, Colorado

      Retail suites available near new residential development in Aurora.
      2000 Chester St, Aurora, CO 80010
      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.
    232 Havana St
    Aurora, CO 80010
    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
    232 Havana St, Aurora, CO, 80010
    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!