15000 Ctr Ave Aurora, CO 80012
- Specialty properties
- 1,600 SF
- 4.21 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 15000 Ctr Ave
- Year built
- 2008
- Construction
- FRAME
- Lot size
- 4.21 lot acres
- Property size
- 1,600 SF
- Property type
- Specialty properties
- APN
- 1975-18-1-35-001
- APU
- 197518135001
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $725,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $910,000
- 6.5%
- $820,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,015,000
- Geo Method
- $930,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $735,000
- Retail
- $895,000
- Mixed-Use
- $690,000
- Hospitality
- $890,000
- Educational
- $720,000
- Residential Income
- $950,000
- Energy
- $900,000
- Income-Based Land
- $935,000
- Food Service
- $860,000
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.813
- Latitude
- 39.7048
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
