Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2224 Fraser St, Unit 6 Aurora, CO 80014-4532

    • Office buildings
    • 1,442 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2413143
    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

    • Office buildings

    Property Details for 2224 Fraser St

    Year built
    2003
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property size
    1,442 SF
    Property type
    Office buildings
    APN
    1975-30-1-42-006
    APU
    197530142006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.811
    Latitude
    39.6764
    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
    $6,741
    $0.00
    $0.00
    $76,117
    -
    $124,830
    $177,990
    $302,820

    Comparable in this City

    • Value Estimation by Request
      40,067 SF

      2280 Xanadu Way

      OFFICE BUILDING • 40,067 SF
      2280 Xanadu Way, Aurora, CO 80014-1331
      View Details
    • Value Estimation by Request
      10,892 SF

      10697 Dartmouth Ave

      OFFICE BUILDING • 10,892 SF
      10697 Dartmouth Ave, Aurora, CO 80014-2616
      View Details
    • Value Estimation by Request
      4,215 SF

      14120 Evans Ave

      OFFICE BUILDING • 4,215 SF
      14120 Evans Ave, Aurora, CO 80014-1431
      View Details
    • Value Estimation by Request
      5,697 SF

      14190 Evans Ave

      OFFICE BUILDING • 5,697 SF
      14190 Evans Ave, Aurora, CO 80014-1431
      View Details
    • Value Estimation by Request
      4,275 SF

      14456 Evans Ave

      OFFICE BUILDING • 4,275 SF
      14456 Evans Ave, Aurora, CO 80014-1409
      View Details
    • Value Estimation by Request
      13,640 SF

      14364 Evans Ave

      OFFICE BUILDING • 13,640 SF
      14364 Evans Ave, Aurora, CO 80014-1408
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      76,780 SF

      Aurora Office/Training Facility Near Rail

      Furnished training facility near Iliff Light Rail Station for sale.
      13900 E Harvard Ave, Aurora, CO 80014
      View Details
    • $2,400,000
      1.70 Acres

      Aurora Multifamily Investment Opportunity

      49-Unit Apartment Building, Prime Location
      14383 Evans Ave, Aurora, CO 80014
      View Details
    • $245,000

      Spacious Condo in Active Community

      Two-bedroom condo in Heather Gardens 55+ active adult community.
      13626 E Bates Ave, Aurora, CO 80014
      View Details
    • $430,000
      2,156 SF

      Updated Townhome in Cherry Creek

      Updated townhome in award-winning Cherry Creek School District.
      13025 E Bethany Pl, Aurora, CO 80014
      View Details
    • $740,520
      0.85 Acres

      Aurora Commercial Land - Iliff Ave

      Prime .85-acre commercial lot, Aurora, CO.
      11900 Iliff Ave, Aurora, CO 80014
      View Details
    • $343,000
      1,374 SF

      Elegant Home with Modern Comfort

      Beautifully updated home with stainless steel appliances and community amenities.
      2500 S Victor St, Denver, CO 80014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Mixed-Use Development in Aurora

      Mixed-use development with mountain views, restaurants, and recreational activities.
      3033 South Parker Rd, Denver, CO 80014
      View Details
    • $75 SF/Yr
      12,285 SF

      Aurora Executive Office Suites

      Premium Aurora Office Space: Flexible, Modern
      3190 Vaughn Way, Aurora, CO 80014
      View Details
    • $625 /Mo
      1,059 SF

      Aurora Office Suite for Rent

      First floor office suite with five private offices available now.
      10730 E Bethany Dr, Aurora, CO 80014
      View Details
    • $15 SF/Yr
      38,882 SF

      Girard Business Center: Aurora Office Space

      Aurora office suites, 521-1,777 sq ft.
      15200 Girard Ave, Aurora, CO 80014
      View Details
    • $17 SF/Yr
      291,568 SF

      Pavilion Towers Office Space

      Aurora, CO Office Suites Available
      2821-2851 Parker Rd, Aurora, CO 80014
      View Details
    • $15 SF/Yr
      39,565 SF

      Aurora Medical Office Space for Lease

      Modern medical suites, ample parking, prime Aurora location.
      2953 Peoria St, Aurora, CO 80014
      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.
    2224 Fraser St, Unit 6
    Aurora, CO 80014-4532
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.