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    1462 Iola St Aurora, CO 80010-3411
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    Property profile & analytics

    1462 Iola St, Aurora, CO 80010-3411

    View on Map
    • Retail space
    • 3,408 SF
    • 0.15 lot acres
    Off-Market
    Last Sale May 5, 2023
    $700,000
    Property ID
    US13-0705403
    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
    $715,000
    Show details
    Cap Rate Potential
    6.3%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1462 Iola St

    Year built
    1956
    Construction
    CONCRETE BLOCKS
    Lot size
    0.15 lot acres
    Property type
    Retail space
    APN
    1973-02-2-07-002
    APU
    197302207002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 5, 2023 $700,000 Ra Colfax LLC The Lance And Helen Dryden Living T Special Warranty Deed $485k · The Lance And Helen Dryden Living T
    May 5, 2023 — The Lance & Helen Dryden Living Tru Lance Dryden Intrafamily Transfer · related —
    Mar 22, 2023 $13,925 Lance And Helen Dryden Living Trust James Dyer Quit Claim Deed · related —
    Jul 27, 2015 — Lance D Dryden Dryden,lance D & Helen M Quit Claim Deed · related —
    Dec 7, 2010 — Helen M Dryden Rosendale David Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $740,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $780,000
      6.5%
      $720,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $868,000
      Market price range: $620k - $1.60M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,095,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,105,000
      Change: +1% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,105,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $1,035,000
      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
    -104.864
    Latitude
    39.7395
    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
    2021
    $10,460
    $0.00
    $0.00
    $107,136
    -
    $127,000
    $287,000
    $414,000

    Comparable in this City

    • Value Estimation
      $620,000
      4,850 SF

      10195 Montview Blvd

      RETAIL STORES (PERSONAL SERVICES)
      10195 Montview Blvd, Aurora, CO 80010-2230
      View Details
    • Value Estimation by Request
      2,091 SF

      3103 Peoria St

      RETAIL STORES (PERSONAL SERVICES)
      3103 Peoria St, Aurora, CO 80010-1515
      View Details
    • Value Estimation by Request
      3,847 SF

      1440 Havana St

      RETAIL STORES (PERSONAL SERVICES)
      1440 Havana St, Aurora, CO 80010-3344
      View Details
    • Value Estimation
      $635,000
      4,114 SF

      1451 Florence St

      RETAIL STORES (PERSONAL SERVICES)
      1451 Florence St, Aurora, CO 80010-3277
      View Details
    • Value Estimation
      $1,410,000
      2,600 SF

      9501 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES)
      9501 Colfax Ave, Aurora, CO 80010
      View Details
    • Value Estimation by Request
      1,785 SF

      9735 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES)
      9735 Colfax Ave, Aurora, CO 80010-2107
      View Details

    Similar Nearby for Sale

    • $1,965,000

      Value-Add Retail Strip Center

      Fully leased retail strip center with value-add opportunity.
      10660 E Colfax Ave, Aurora, CO 80010
      View Details
    • Contact for pricing
      16,495 SF

      Retail & Restaurant Space Available

      New construction retail and restaurant space for lease in Aurora.
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      13,450 SF

      Retail Space in Growing Neighborhood

      Retail space in a desirable, rapidly growing Denver neighborhood.
      10501 E Colfax Ave, Aurora, CO 80010
      View Details
    • $875,000

      Aurora Retail Investment Opportunity

      Multi-tenant retail building in a high-traffic Aurora location.
      1417 Havana St, Aurora, CO 80010
      View Details
    • $225,000

      Commercial Land Near Medical Center

      Commercial land suitable for live/work or retail development.
      1548 Chester St, Aurora, CO 80010
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    • $449,000

      Retail Space in Aurora District

      Retail space available in a redeveloping downtown Aurora district.
      10033 E Colfax Ave, Aurora, CO 80010
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Space in Aurora, Colorado

      Retail suites available near new residential development in Aurora.
      16100 Clinton St, Aurora, CO 80010
      View Details
    • Contact for pricing
      3,106 SF

      Retail Space For Lease

      Retail suites available in Aurora, Colorado.
      2060 Chester St, Aurora, CO 80010
      View Details
    • Contact for pricing
      1,679 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces for rent in Aurora, Colorado.
      2501 Dallas St, Aurora, 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
    • Contact for pricing
      7,500 SF

      Restaurant/Retail Space Available For Rent

      7,500 SF restaurant/retail space available, can be demised.
      2271 Clinton St, Aurora, CO 80010
      View Details
    • Contact for pricing

      Freestanding Retail Building on Colfax

      High-traffic location, flexible layout, ideal for retail/service uses.
      10242 E Colfax Ave, Aurora, CO 80010
      View Details
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    Aurora, CO 80010-3411
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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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