Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15200 Colfax Ave Aurora, CO 80011-6965
    Back to Search
    Property profile & analytics

    15200 Colfax Ave, Aurora, CO 80011-6965

    View on Map
    • Outlet malls
    • 147,000 SF
    • 12.91 lot acres
    Off-Market
    Last Sale Oct 13, 2021
    $10,177,937
    Property ID
    US13-0821545
    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
    $9,010,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 15200 Colfax Ave

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    12.91 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    1975-06-1-17-002
    APU
    197506117002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 13, 2021 $10,177,937 15200 Colfax LLC Bldr La Plaza LLC Warranty Deed $7M · Western Adventist Foundation
    Nov 20, 2020 — Bdr La Plaza LLC Plaza Fiesta Colorado LLC Quit Claim Deed · related —
    May 3, 2019 $4,963,100 Plaza Fiesta Colorado LLC Acv Watkins Portfolio II LLC Grant Deed $7M · Iborrow Reit LP
    Nov 8, 2018 — Acv Watkins Portfolio II LLC — Deed · related $38.6M · Miscellaneous Ins Co
    Sep 11, 2018 $4,000,000 Acv Watkins Portfolio II LLC Watkins Aurora LLC Grant Deed · related $38.6M · Miscellaneous Ins Co
    Oct 24, 2017 — Watkins Aurora LLC — Deed · related $4.2M · Owens Realty Mortgage INC Owens Realty Mortgage INC
    Sep 13, 2007 — Watkins Aurora LLC Watkins Investments LP Special Warranty Deed $4.4M · Citigroup Global Markets Realty Cor
    Mar 5, 1998 $972,000 Watkins Investments LP Boryla Investment Co Lllp Grant Deed —
    — — Acv Watkins Portfolio II LLC — Deed Of Trust · related $38.6M · Miscellaneous Ins Co
    — — Watkins Aurora LLC — Deed Of Trust · related $4.2M · Owens Realty Mortgage INC Owens Realty Mortgage INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,275,000
      Market price range: $6.28M - $17.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.811
    Latitude
    39.7386
    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
    $448,139
    $0.00
    $0.00
    $3,383,779
    -
    $8,435,400
    $3,722,840
    $12,158,240

    Comparable in this City

    • Value Estimation
      $2,725,000
      23,447 SF

      13870 6th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      13870 6th Ave, Aurora, CO 80011-8628
      View Details
    • Value Estimation
      $22,480,000
      206,250 SF

      3301 Tower Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      3301 Tower Rd, Aurora, CO 80011-3509
      View Details
    • Value Estimation
      $1,680,000
      12,040 SF

      3454 Salida St

      WHOLESALE OUTLET, DISCOUNT STORE
      3454 Salida St, Aurora, CO 80011-5029
      View Details
    • Value Estimation
      $11,640,000
      106,002 SF

      3475 Salida Ct

      WHOLESALE OUTLET, DISCOUNT STORE
      3475 Salida Ct, Aurora, CO 80011-5019
      View Details
    • Value Estimation
      $3,150,000
      17,680 SF

      18355 35th Pl

      WHOLESALE OUTLET, DISCOUNT STORE
      18355 35th Pl, Aurora, CO 80011-8139
      View Details
    • Value Estimation
      $895,000
      9,230 SF

      15620 6th Ave

      REGIONAL SHOPPING CENTER, MALL
      15620 6th Ave, Aurora, CO 80011-9014
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,672 SF

      Self-Serve Car Wash on Colfax

      High-visibility car wash with future expansion potential on busy corridor.
      1540 Laredo St, Aurora, CO 80011
      View Details
    • $375,000

      Aurora Warehouse/Shop Unit For Sale

      Warehouse/shop unit for sale, suitable for auto repair/storage.
      538 Olathe St, Aurora, CO 80011
      View Details
    • $700,000

      Aurora Gas Station For Sale

      6-pump gas station with a 10-year NNN lease.
      754 Peoria St, Aurora, CO 80011
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Traffic Shopping Center in Aurora

      Anchored shopping center at busy Aurora intersection, easy highway access.
      15270 East 6 Ave, Aurora, CO 80011
      View Details
    • Contact for pricing
      2,800 SF

      Aurora Retail Space For Lease

      Retail spaces available near I-225, 6th Ave., and Sable Blvd.
      411-545 Sable Blvd, Aurora, CO 80011
      View Details
    • Contact for pricing
      4,800 SF

      Aurora Retail Space For Lease

      Retail space in Aurora, anchored by national tenants.
      618 Peoria St, Aurora, CO 80011
      View Details
    • $11 SF/Yr
      52,920 SF

      Aurora Flex Space For Lease

      Modern Aurora flex space, ideal for various uses.
      3155 Chambers Rd, Aurora, CO 80011
      View Details
    • Contact for pricing

      Aurora Retail Space Available

      Retail spaces available, ranging from 37,302 to 38,333 SqFt.
      15540 E 6 Ave, Aurora, CO 80011
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent, 2,017 SqFt.
      12230 E Colfax Ave, Aurora, CO 80011
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15200 Colfax Ave
    Aurora, CO 80011-6965
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15200 Colfax Ave, Aurora, CO, 80011
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!