14651 Colfax Ave Aurora, CO 80011-5711
- Retail space
- 6,742 SF
- 0.95 lot acres
Current Use by Public Records
- Retail space
Property Details for 14651 Colfax Ave
- Year built
- 2004
- Lot size
- 0.95 lot acres
- Property size
- 6,742 SF
- Property type
- Retail space
- APN
- R0160167
- APU
- R0160167
Description
This exceptional investment opportunity presents a 6,742-square-foot free-standing retail building located at 14651 E Colfax Avenue in Aurora, Colorado, 80011. The property, built in 2005, sits on a 0.95-acre lot and boasts 60 parking spaces, providing an ample 8.90 spaces per 1,000 square feet. Currently occupied by a single, national tenant – Advanced Auto Parts – under a triple-net (NNN) lease, this property offers a secure and stable income stream. The building's strong financial performance is highlighted by a Net Operating Income (NOI) of $130,200 and an attractive cap rate of 5.12%. The asking price is $2,544,000. The property's strategic location near I-225 on Colfax Avenue ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, single-tenant retail building leased to a publicly traded company, offering a compelling return on investment with minimal management responsibilities. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. Note that an adjacent multi-tenant building is also available for purchase.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,345,000
- 6.5%
- $2,625,000
- 7%
- $2,440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,230,000
- Geo Method
- $2,715,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,090,000
- Retail
- $2,780,000
- Mixed-Use
- $2,145,000
- Hospitality
- $2,380,000
- Educational
- $2,500,000
- Residential Income
- $2,345,000
- Energy
- $2,625,000
- Income-Based Land
- $2,855,000
- Food Service
- $2,260,000
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Adams
- State
- Colorado
- Longitude
- -104.817
- Latitude
- 39.7407
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
