Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1588 Macon St Denver, CO 80010

    • Multifamily properties
    • 5,320 SF
    For Sale
    View listing
    $1,125,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1351848
    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.

    Current Use by Public Records

    • Multifamily properties

    Property Details for 1588 Macon St

    Year built
    1964
    Property size
    5,320 SF
    Property type
    Multifamily properties

    Description

    This exceptional 8-unit multifamily property located at 1588 Macon Street in Aurora, Colorado, presents a compelling investment opportunity. Boasting a substantial 5,320 square feet of living space, the property is currently fully leased, generating immediate and consistent cash flow. Each of the eight units is in good condition and benefits from recent updates, ensuring both tenant satisfaction and long-term property value. The property sits on a lot with zero acres, making it ideal for a hands-on investor or a property management company. The asking price of $1,350,000 reflects the strong rental income potential and the property's overall excellent condition. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable Aurora location. Financial details and further information regarding the property's income and expenses are available upon request. This turnkey investment is ready for a new owner to step in and continue its success. Don't miss this chance to add a solid, income-producing property to your portfolio. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Adams
    State
    Colorado
    Longitude
    -104.8549
    Latitude
    39.74166

    Comparable in this City

    • $595,000
      2,245 SF

      Aurora Multifamily Investment Opportunity

      Multifamily property in Aurora, close to Denver and medical campus.
      1143 Akron St, Denver, CO 80010
      View Details
    • Contact for pricing
      2,180 SF

      Aurora Multifamily Property for Sale

      Multifamily property in Aurora, CO, approximately 2,180 square feet.
      1409 Clinton St, Denver, CO 80010
      View Details
    • Contact for pricing
      4,500 SF

      Aurora Multifamily Property for Sale

      Multifamily property in Aurora, Colorado, totaling 4,500 square feet.
      1641-1655 Alton St, Denver, CO 80010
      View Details
    • $1,000,000
      4,000 SF

      Aurora Multifamily Investment Opportunity

      Five-unit building, high-potential income
      1440 Lima St, Aurora, CO 80010
      View Details
    • $10,000,000
      74,232 SF

      Aurora Multifamily Property for Sale

      Multifamily property in Aurora, Colorado, totaling 74,232 square feet.
      1945 Peoria St, Denver, CO 80010
      View Details
    • $1,750,000
      7,040 SF

      Aurora Multifamily Property Sold Off-Market

      Apartment building in Aurora, Colorado, sold off-market.
      9191 East 14Th Avenue Pkwy, Denver, CO 80010
      View Details

    Similar Nearby for Sale

    • $595,000
      2,245 SF

      Aurora Multifamily Investment Opportunity

      Multifamily property in Aurora, close to Denver and medical campus.
      1143 Akron St, Denver, CO 80010
      View Details
    • Contact for pricing
      2,180 SF

      Aurora Multifamily Property for Sale

      Multifamily property in Aurora, CO, approximately 2,180 square feet.
      1409 Clinton St, Denver, CO 80010
      View Details
    • Contact for pricing
      4,500 SF

      Aurora Multifamily Property for Sale

      Multifamily property in Aurora, Colorado, totaling 4,500 square feet.
      1641-1655 Alton St, Denver, CO 80010
      View Details
    • $1,000,000
      4,000 SF

      Aurora Multifamily Investment Opportunity

      Five-unit building, high-potential income
      1440 Lima St, Aurora, CO 80010
      View Details
    • $10,000,000
      74,232 SF

      Aurora Multifamily Property for Sale

      Multifamily property in Aurora, Colorado, totaling 74,232 square feet.
      1945 Peoria St, Denver, CO 80010
      View Details
    • $1,750,000
      7,040 SF

      Aurora Multifamily Property Sold Off-Market

      Apartment building in Aurora, Colorado, sold off-market.
      9191 East 14Th Avenue Pkwy, Denver, CO 80010
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,252 SF

      Denver Warehouse Space Available

      9,252 SF warehouse space for lease in Denver.
      4929-4965 Moline St, Denver, CO 80010
      View Details
    • Contact for pricing
      3,839 SF

      Aurora Retail Space with Bar

      First-generation retail space with kitchen and bar for rent.
      12955 E Montview Blvd, Aurora, CO 80010
      View Details
    • $12 SF/Yr
      20,992 SF

      Denver Industrial Space Available

      20,992 SF industrial space for rent in Denver.
      3700 Havana St, Denver, CO 80010
      View Details
    • Contact for pricing
      1,870 SF

      Retail Space in Aurora, Colorado

      Retail suites available near new residential development in Aurora.
      2000 Chester St, Aurora, CO 80010
      View Details
    • Contact for pricing
      3,578 SF

      Stanley Marketplace Office Suites

      Denver Office Space: Two Suites Available
      2501 Dallas St, Aurora, CO 80010
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space Near King Soopers

      3,500 SF end cap retail space available for rent.
      1060 S Geneva St, Denver, CO 80010
      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.
    1588 Macon St
    Denver, CO 80010
    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

    Google sign-in failed. Please try again or use another login method.