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    Property profile & analytics

    18100 40th Ave Aurora, CO 80011-0883

    • Warehouses
    • 419,630 SF
    • 24.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2359497
    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

    • Warehouses

    Property Details for 18100 40th Ave

    Year built
    2019
    Lot size
    24.34 lot acres
    Property size
    419,630 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    R0194595
    APU
    R0194595

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $64,860,000
      6.5%
      $59,870,000
      7%
      $55,595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $72,923,000
      Market price range: $59.1M - $72.9M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $67,080,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Adams
    State
    Colorado
    Longitude
    -104.779
    Latitude
    39.7694
    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
    2023
    $2,177,573
    $1,775,120
    $15,835,170
    $17,610,290
    -
    $6,362,436
    $50,862,564
    $57,225,000

    Comparable in this City

    • Value Estimation
      $18,110,000
      215,560 SF

      19655 35th Dr

      MINI-WAREHOUSE, STORAGE • 215,560 SF
      19655 35th Dr, Aurora, CO 80011-8111
      View Details
    • Value Estimation by Request
      545,010 SF

      21111 36th Dr

      MINI-WAREHOUSE, STORAGE • 545,010 SF
      21111 36th Dr, Aurora, CO 80011-8193
      View Details
    • Value Estimation
      $40,245,000
      452,400 SF

      19799 36th Dr

      MINI-WAREHOUSE, STORAGE • 452,400 SF
      19799 36th Dr, Aurora, CO 80011-8189
      View Details
    • Value Estimation by Request
      5,058 SF

      17650 32Nd Ave

      Distribution properties • 5,058 SF
      17650 32Nd Ave, Aurora, CO 80011
      View Details
    • Value Estimation
      $2,215,000
      19,212 SF

      600 Telluride St Ste F

      MINI-WAREHOUSE, STORAGE • 19,212 SF
      600 Telluride St Ste F, Aurora, CO 80011-7808
      View Details
    • Value Estimation
      $2,745,000
      25,000 SF

      16506 2nd Ave

      MINI-WAREHOUSE, STORAGE • 25,000 SF
      16506 2nd Ave, Aurora, CO 80011-9301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,000 SF

      Aurora Office/Warehouse Condos For Sale

      1,000 SF office/warehouse condos for sale/lease in Aurora, CO.
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      1,500 SF

      Aurora Flex Unit For Sale

      1,500 SF flex unit near I-225 and I-70.
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    • $369,000
      1,475 SF

      Versatile Flex Condo with Storage

      Flex condo with drive-in door and fenced outdoor storage.
      374 Norfolk St, Aurora, CO 80011
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    • $375,000

      Aurora Warehouse/Shop Unit For Sale

      Warehouse/shop unit for sale, suitable for auto repair/storage.
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    • $2,100,000
      9,584 SF

      Aurora Industrial Building For Sale

      Prime Aurora location, 9,584 SF warehouse.
      508 Olathe St, Aurora, CO 80011
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    • Contact for pricing
      3,000 SF

      Aurora Flex Units For Sale

      Centrally located flex units with warehouse and office space.
      13891 E Smith Dr, Aurora, CO 80011
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    Similar Nearby for Lease

    • $15 SF/Yr

      Industrial Property with Outside Storage

      Industrial property for lease with outside storage and easy access.
      15370 Smith Rd, Aurora, CO 80011
      View Details
    • Contact for pricing
      20,530 SF

      Aurora Warehouse Near Airport

      Infill hub near Denver Airport with easy highway access.
      16401 E 33Rd Dr, Aurora, CO 80011
      View Details
    • $14 SF/Yr
      9,200 SF

      Aurora Flex Warehouse - 9,200 SF

      Multi-tenant flex/warehouse space in Aurora, CO. Ideal for various businesses.
      695 Billings St, Aurora, CO 80011
      View Details
    • Contact for pricing
      136,322 SF

      Aurora Warehouse Space Available

      Available warehouse space in Aurora, Colorado with ample parking.
      20310 E 35Th Dr, Aurora, CO 80011
      View Details
    • Contact for pricing
      332,075 SF

      Aurora Flex Space: 332,075 SF

      Modern Aurora warehouse/office space.
      2470 Airport Blvd, Aurora, CO 80011
      View Details
    • Contact for pricing
      200,000 SF

      Majestic Commerce Center Warehouse

      Aurora, CO industrial warehouse space
      3593 Windsor Dr, Aurora, CO 80011
      View Details
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    18100 40th Ave
    Aurora, CO 80011-0883
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    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
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