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    12051 Mississippi Ave Aurora, CO 80012-2834
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    Property profile & analytics

    12051 Mississippi Ave, Aurora, CO 80012-2834

    View on Map
    • Drug stores
    • 14,778 SF
    • 2.41 lot acres
    Off-Market
    Last Sale Dec 2, 2022
    $5,616,000
    Property ID
    US13-0874763
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,350,000
    Show details
    Cap Rate Potential
    4%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • Drug stores

    Property Details for 12051 Mississippi Ave

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.41 lot acres
    Zone code
    RCOD
    Property type
    Drug stores
    APN
    1973-14-4-32-001
    APU
    197314432001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 26, 2023 — Project Capricorn Fund V LLC — Deed · related $117.7M · Fifth Third Bank NA
    Dec 2, 2022 $5,616,000 Project Capricorn Fund V LLC Walgreen Co Special Warranty Deed —
    Dec 2, 2022 — Walgreen Co Project Capricorn Fund V LLC Lease —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,500,000
      6.5%
      $3,235,000
      7%
      $3,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,908,000
      Market price range: $2.69M - $6.93M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,755,000
      Current use
      RESTAURANT
      $6,045,000
      Change: +27% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,920,000
      Change: +25% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,795,000
      Change: +1% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $4,785,000
      Change: +1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $4,595,000
      Change: -3% Conversion: Difficult
      MEDICAL BUILDING
      $4,485,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.848
    Latitude
    39.6971
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,598
    $0.00
    $0.00
    $1,008,864
    -
    $1,575,075
    $2,040,925
    $3,616,000

    Comparable in this City

    • Value Estimation
      $4,160,000
      14,783 SF

      10601 Alameda Ave

      DRUG STORE, PHARMACY
      10601 Alameda Ave, Aurora, CO 80012-6490
      View Details
    • Value Estimation
      $2,745,000
      10,070 SF

      10722 Alameda Ave

      CONVENIENCE STORE
      10722 Alameda Ave, Aurora, CO 80012-1017
      View Details
    • Value Estimation
      $745,000
      3,600 SF

      12078 Mississippi Ave

      RETAIL STORES (PERSONAL SERVICES)
      12078 Mississippi Ave, Aurora, CO 80012-3261
      View Details
    • Value Estimation
      $1,690,000
      9,000 SF

      13110 Mississippi Ave

      RETAIL STORES (PERSONAL SERVICES)
      13110 Mississippi Ave, Aurora, CO 80012-3427
      View Details
    • Value Estimation
      $5,925,000
      31,755 SF

      14111 Alameda Ave

      FINANCIAL BUILDING
      14111 Alameda Ave, Aurora, CO 80012-2546
      View Details
    • Value Estimation
      $9,635,000
      41,854 SF

      14000 Mississippi Ave

      RETAIL STORES (PERSONAL SERVICES)
      14000 Mississippi Ave, Aurora, CO 80012-3693
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,285 SF

      Bank of America Ground Lease

      New 15-Year Absolute NNN Ground Lease in Denver MSA
      15167 E Mississippi Ave, Aurora, CO 80012
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      1,500 SF

      Havana Street Commercial Property For Sale

      Commercial property with RV dump station, gated access, and clubhouse.
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      Renovated One-Bedroom Condo

      Updated one-bedroom condo with modern kitchen and gas fireplace.
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      Aurora Home with Modern Comfort

      Charming 3-bedroom home in Aurora, move-in ready.
      1359 S Chambers Cir, Aurora, CO 80012
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    Similar Nearby for Lease

    • Contact for pricing
      1,340 SF

      Retail Space in Aurora Center

      Retail space available in King Soopers-anchored shopping center.
      1155 S Havana St, Aurora, CO 80012
      View Details
    • Contact for pricing
      35,000 SF

      Aurora Retail Space For Lease

      Retail space available in Aurora, Colorado, near I-225.
      40-100 S Abilene St, Aurora, CO 80012
      View Details
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      2,524 SF

      Aurora Retail Space For Rent

      Retail space available in Aurora, Colorado with high visibility.
      14262 E Cedar Ave, Aurora, CO 80012
      View Details
    • Contact for pricing
      2,471 SF

      Retail Space in Aurora, Colorado

      Retail space available along two main thoroughfares in Aurora.
      14130-14132 E Cedar Ave, Aurora, CO 80012
      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 80012
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Alameda

      Retail space available near Alameda and I-225.
      14261 E Cedar Ave, Aurora, CO 80012
      View Details

    Property Visit Statistics

    • Visits by month
      13.7k
    • Visitors by month
      12.3k
    • Avg Time on site
      7 min
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    Aurora, CO 80012-2834
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    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
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