Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15401 E Mississippi Ave Aurora, CO 80017
    Back to Search
    Property profile & analytics

    15401 E Mississippi Ave, Aurora, CO 80017

    View on Map
    • Lifestyle centers
    • 70,955 SF
    • 5.39 lot acres
    For Sale
    $11,000,000
    View Listing →
    Granada Park Shopping Center Opportunity For Sale
    $11,000,000
    70,955 SF

    Granada Park Shopping Center Opportunity

    Fully occupied Aurora shopping center with strong tenant longevity.

    15401 E Mississippi Ave, Aurora, CO 80017
    View Listing
    Property ID
    US13-2794276
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 15401 E Mississippi Ave

    Year built
    1982
    Lot size
    5.39 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Exceptional investment opportunity: Granada Park Shopping Center presents a compelling acquisition prospect, boasting a 70,955 square foot retail space situated on a 5.39-acre lot in Aurora, Colorado. This two-story, 1982-built shopping center is currently 100% occupied by nine tenants, generating a substantial Net Operating Income (NOI) of $805,247, representing a 7.00% capitalization rate. The asking price is $11,500,000, translating to $162.07 per square foot. The property features 280 parking spaces and benefits from a MU-C (Mixed-Use Corridor District) zoning designation. Located at the high-traffic intersection of E Mississippi Ave and S Chambers Rd, the center enjoys excellent visibility and attracts 1.7 million annual visitors. The center's tenant mix includes a diverse range of businesses, including a Dollar Tree and a Montessori school, ensuring a stable and consistent income stream. NNN leases provide a passive investment structure, and annual rental increases offer protection against inflation. The weighted average lease term is 7.95 years, with an average rental rate of $13.10 per square foot, presenting potential value-add opportunities through rental rate increases or tenant repositioning. The property's location in Aurora, Colorado, the state's third-largest city, provides access to a large and growing population base, with proximity to major transportation arteries and significant employment centers, including Buckley Space Force Base and the UCHealth Anschutz Medical Campus. Furthermore, Denver International Airport is conveniently located nearby. Foot traffic demonstrates significant year-over-year growth, indicating a robust and thriving retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.8080298
    Latitude
    39.6977045

    Comparable in this City

    • Contact for pricing
      70,955 SF

      Granada Park Shopping Center Opportunity

      Fully occupied Aurora shopping center with strong tenant longevity.
      15401 E Mississippi Ave, Aurora, CO 80017
      View Details
    • Contact for pricing
      16,438 SF

      Retail Space on Chambers Road

      Retail space with frontage on Chambers Rd in Aurora, CO.
      410 S Chambers Rd, Aurora, CO 80017
      View Details
    • Contact for pricing
      16,438 SF

      Aurora Retail Opportunity For Sale

      Well-located commercial space in Aurora's retail corridor.
      490 S Chambers Rd, Aurora, CO 80017
      View Details
    • Contact for pricing
      16,165 SF

      Versatile Mixed-Use Property For Sale

      Mixed-use property with diverse zoning and high visibility.
      16800 E Mississippi Ave, Aurora, CO 80017
      View Details
    • Contact for pricing
      160,555 SF

      Aurora Commercial Property For Sale

      Commercial property available for sale in Aurora, Colorado.
      403 S Airport Blvd, Aurora, CO 80017
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      70,955 SF

      Granada Park Shopping Center Opportunity

      Fully occupied Aurora shopping center with strong tenant longevity.
      15401 E Mississippi Ave, Aurora, CO 80017
      View Details
    • Contact for pricing
      16,438 SF

      Retail Space on Chambers Road

      Retail space with frontage on Chambers Rd in Aurora, CO.
      410 S Chambers Rd, Aurora, CO 80017
      View Details
    • Contact for pricing
      16,438 SF

      Aurora Retail Opportunity For Sale

      Well-located commercial space in Aurora's retail corridor.
      490 S Chambers Rd, Aurora, CO 80017
      View Details
    • Contact for pricing
      16,165 SF

      Versatile Mixed-Use Property For Sale

      Mixed-use property with diverse zoning and high visibility.
      16800 E Mississippi Ave, Aurora, CO 80017
      View Details
    • Contact for pricing
      160,555 SF

      Aurora Commercial Property For Sale

      Commercial property available for sale in Aurora, Colorado.
      403 S Airport Blvd, Aurora, CO 80017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Retail Space on Chambers Road

      Retail space for lease with high traffic volume.
      512-586 S Chambers Rd, Aurora, CO 80017
      View Details
    • $7 SF/Yr

      Aurora Office Warehouse Flex Space

      14,480 SF flex space suitable for various business operations.
      17600 E Exposition Dr, Aurora, CO 80017
      View Details
    • Contact for pricing
      8,777 SF

      Retail Space on Chambers Road

      Retail space with high traffic and multiple access points.
      15300 E Alameda Pkwy, Aurora, CO 80017
      View Details
    • Contact for pricing
      5,546 SF

      Aurora Industrial Space For Rent

      Industrial property in Aurora, Colorado, with M-1 zoning.
      17100-17150 E Ohio Dr, Aurora, CO 80017
      View Details
    • Contact for pricing
      14,480 SF

      Aurora Warehouse with Heavy Power

      14,480 SF warehouse with heavy power and parking.
      17600 E Exposition Dr, Aurora, CO 80017
      View Details
    View Listing
    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.
    15401 E Mississippi Ave
    Aurora, CO 80017
    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
    15401 E Mississippi Ave, Aurora, CO, 80017
    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!