10212 Colfax Ave Aurora, CO 80010-5017
- Retail space
- 6,092 SF
- 0.53 lot acres
Current Use by Public Records
- Retail space
Property Details for 10212 Colfax Ave
- Year built
- 1952
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.53 lot acres
- Property size
- 6,092 SF
- Property type
- Retail space
- APN
- 1973-03-1-03-015
- APU
- 197303103015
Description
This 5,972 square foot multi-tenant retail property in Aurora, Colorado, presents a compelling value-add investment opportunity. Located at 10212 E Colfax Ave, 80010, this fee-simple property boasts 100% occupancy across three suites, including T-Mobile, CASA Soccer, and a barbershop. Built in 1952 and renovated in 2018, the single-story building sits on a 0.53-acre lot with ample parking (31 spaces). The property features a triple net (NNN) lease structure with all leases including annual rent increases. Currently generating a $124,144 NOI and offering a 7.50% cap rate, the property's below-market rents present significant upside potential. The property benefits from its prime location on E Colfax Avenue, a major thoroughfare with high daily traffic (34,100 vehicles), serving a dense population (178,000 residents within three miles) with a high average household income ($91,600 within three miles). The property's strong tenant mix and location, combined with the potential for rent growth, make it an attractive investment for those seeking a stable, high-performing asset with significant value-add potential. The asking price is $1,655,000. The property's zoning is OA-MS.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.869
- Latitude
- 39.7397
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
