10501 E Colfax Ave, Aurora, CO 80010
- Retail space
- 13,378 SF
- 1.99 lot acres
Current Use by Public Records
- Retail space
Property Details for 10501 E Colfax Ave
- Year built
- 1996
- Lot size
- 1.99 lot acres
- Property type
- Retail space
- APN
- R0097196
- APU
- R0097196
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 23, 2023 | $6,227,000 | John Thomas Sherman | Cp Thunder Fs LLC | Special Warranty Deed | $3.2M · Eastman Cu |
| Sep 7, 2022 | — | Walgreen Co | Cp Thunder Fs LLC | Lease | — |
| Sep 7, 2022 | $862,800 | Cp Thunder Fs LLC | Walgreen Co | Special Warranty Deed | $241.5M · Wells Fargo Bank NA |
| Jan 15, 2014 | $4,630,000 | Walgreen Co | Phoenix Of Brighton LLC | Warranty Deed | — |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,590,000
- ML approach
- $6,780,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,957,000
Market price range: $2.14M - $5.56M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,930,000 Current use
- RESTAURANT
- $5,865,000 Change: +49% Conversion: Easy
- AUTO REPAIR, GARAGE
- $4,690,000 Change: +19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Adams
- State
- Colorado
- Longitude
- -104.865
- Latitude
- 39.7406
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
