15000 Ctr Ave Aurora, CO 80012
This exceptional 4.21-acre parcel in Aurora, Colorado (80012), presents a unique opportunity to acquire a partially completed 83-unit townhome development. Located at 15000 E Center Ave, this shovel-ready site boasts fully approved plans, drawings, and studies, including traffic, drainage, and code updates. Significant infrastructure is already in place, featuring a 1,600 square-foot clubhouse, a swimming pool, and an amenity park. All wet and dry utilities (electrical, water, sewer, and mainline infrastructure) are fully installed, with Aurora Water confirming the adequacy of the current water infrastructure provided building footprints remain unchanged. The property benefits from its location within an Opportunity Zone, providing potential tax advantages for investors. Its proximity to the Aurora Metro Center Light Rail Station (R Line) offers convenient access to public transportation. The seller is open to reasonable modifications to the existing plans, allowing for adjustments to unit sizes and other minor changes that do not significantly alter the approved design. This presents a rare chance to capitalize on a well-positioned, partially completed project with substantial value already realized, minimizing development risk and maximizing return on investment. The property is zoned MU-TOD.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.