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Property profile & analytics
FOR SALE
Retail space

10501 E Colfax Ave Aurora, CO 80010

13,378 SF 1.99 ac lot Built 1996
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US13-1079308
Property summary
AI-generated overview

Exceptional opportunity to lease a ±13,500 square foot single-tenant medical or creative office space located at 10501 E Colfax Avenue in Aurora, Colorado. This former Walgreens location boasts a prime position at the northeast corner of Havana Street and E Colfax Avenue, a high-traffic intersection with approximately 42,000 vehicles per day. The building features ample parking with approximately 85 spaces, convenient front and rear access, and prominent building and pylon signage. Built in 1996, the property is zoned Mixed Use Original Aurora General (OA-G), offering flexibility for various permitted uses (pharmacy use is prohibited). The space includes a drive-thru. The suggested annual rent is $185,000, modified gross (Real Estate Taxes are included; repairs and maintenance, insurance, and utilities are tenant expenses). The lease term extends to August 31, 2035 (co-terminus with the master lease). The property is offered "as-is." The location is highly desirable, situated in a densely populated area of the Denver MSA (approximately 89,000 residents within a two-mile radius) and approximately 1.5 miles from the University of Colorado Medical Campus, which includes two hospitals. All offers are subject to the approval of Walgreens Co.'s Real Estate Committee.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Total area 13,378 SF
Lot 1.99 ac (86,684 SF)
APN R0097196
UPID US13-1079308
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.78M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.96M
Blend (final) Blend
$6.46M
Owner & transaction history
John Thomas Sherman · 2 yrs held
John Thomas Sherman
since 2023
Last sale
$6.2M
4 recorded transactions
2023
$6.2M
2022
Price N/A
2022
$862,800
2014
$4.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $5.9M +49.2%
Auto repair, garage $4.7M +19.3%
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