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

    18701 38th Ave Aurora, CO 80011-1260

    • Distribution centers
    • 287,550 SF
    • 18.66 lot acres
    OFF-MARKET
    Value Estimations
    $38,570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2234362
    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

    • Distribution centers

    Property Details for 18701 38th Ave

    Year built
    2019
    Lot size
    18.66 lot acres
    Property size
    287,550 SF
    Property type
    Distribution centers
    APN
    R0194560
    APU
    R0194560

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $46,425,000
      6.5%
      $42,850,000
      7%
      $39,790,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $49,970,000
      Market price range: $40.5M - $50.0M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $45,970,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Adams
    State
    Colorado
    Longitude
    -104.769
    Latitude
    39.7704
    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
    $1,705,990
    $1,700,470
    $10,970,280
    $12,670,750
    -
    $6,094,890
    $39,320,010
    $45,414,900

    Comparable in this City

    • Value Estimation by Request
      244,920 SF

      32Nd Pkwy

      Distribution properties • 244,920 SF
      0 32Nd Pkwy, Aurora, CO 80011
      View Details
    • Value Estimation
      $19,280,000
      219,814 SF

      19900 23rd Ave

      DISTRIBUTION WAREHOUSE • 219,814 SF
      19900 23rd Ave, Aurora, CO 80011-3018
      View Details
    • Value Estimation
      $5,860,000
      60,272 SF

      17655 25th Dr

      DISTRIBUTION WAREHOUSE • 60,272 SF
      17655 25th Dr, Aurora, CO 80011-7725
      View Details
    • Value Estimation
      $7,695,000
      85,200 SF

      18300 28th Ave

      DISTRIBUTION WAREHOUSE • 85,200 SF
      18300 28th Ave, Aurora, CO 80011-3306
      View Details
    • Value Estimation
      $5,150,000
      50,797 SF

      21303 32nd Pkwy

      DISTRIBUTION WAREHOUSE • 50,797 SF
      21303 32nd Pkwy, Aurora, CO 80011-8149
      View Details
    • Value Estimation
      $12,850,000
      147,633 SF

      17750 32nd Pl

      DISTRIBUTION WAREHOUSE • 147,633 SF
      17750 32nd Pl, Aurora, CO 80011-3380
      View Details

    Similar Nearby for Sale

    • $350,000
      2,051 SF

      Aurora Warehouse Condo - $350K

      Flex space: showroom & warehouse. Ideal owner-user.
      2200 Chambers Rd, Aurora, CO 80011
      View Details
    • $2,100,000
      9,584 SF

      Aurora Industrial Building For Sale

      Prime Aurora location, 9,584 SF warehouse.
      508 Olathe St, Aurora, CO 80011
      View Details
    • $1,075,000
      2.50 Acres

      Aurora Industrial Land - $1.075M

      Prime 2.5-acre industrial lot near I-225/I-70.
      3590 Revere St, Aurora, CO 80011
      View Details
    • Contact for pricing
      204,296 SF

      Aurora Land Parcel For Sale

      Land parcel in Aurora, Colorado, with excellent transportation access.
      805 Salida Way, Aurora, CO 80011
      View Details
    • $350,000
      3,000 SF

      Aurora Flex Units For Sale

      Centrally located flex units with warehouse and office space.
      13891 E Smith Dr, Aurora, CO 80011
      View Details
    • $387,500

      Functional Industrial Condo For Sale

      1,694 SF industrial condo with drive-in door and parking.
      700 Billings St, Denver, CO 80011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      127,440 SF

      Aurora Industrial Warehouse Space

      14,667 SF Warehouse Space Available
      14704 33 Pl, Aurora, CO 80011
      View Details
    • Contact for pricing
      100,130 SF

      Aurora Industrial Mega-Center

      Modern warehouse, 100,130 SF available.
      3250 Himalaya Rd, Aurora, CO 80011
      View Details
    • Contact for pricing
      92,980 SF

      Aurora Warehouse Space Available

      Large industrial warehouse, 26,525 sq ft.
      14101 33 Pl, Aurora, CO 80011
      View Details
    • $13 SF/Yr
      9,584 SF

      Aurora Industrial Space for Lease

      9,584 SF Manufacturing/Flex Space
      508 Olathe St, Aurora, CO 80011
      View Details
    • Contact for pricing
      215,000 SF

      Aurora Warehouse - 215,000 SF

      Large warehouse space for lease in Aurora, CO.
      3500 Windsor Dr, Aurora, CO 80011
      View Details
    • $11 SF/Yr
      16,000 SF

      Aurora Industrial Space for Lease

      Flexible Industrial Units, Aurora, CO
      1790 Jasper St, Aurora, CO 80011
      View Details

    Property Visit Statistics

    • Visits by month
      38.8k
    • Visitors by month
      23.2k
    • Avg Time on site
      9 min
    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.
    18701 38th Ave
    Aurora, CO 80011-1260
    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.