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

    23990 Smoky Hl Rd Aurora, CO 80016-1355

    • Auto shops
    • 10,798 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    $3,210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2121198
    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

    • Auto shops

    Property Details for 23990 Smoky Hl Rd

    Year built
    2015
    Construction
    CONCRETE BLOCKS
    Lot size
    1.40 lot acres
    Property size
    10,798 SF
    Zone code
    RE470
    Property type
    Auto shops
    APN
    2071-19-3-05-006
    APU
    207119305006

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,325,000
      Current use
      RESTAURANT
      $4,415,000
      Change: +2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,505,000
      Change: -19% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,495,000
      Change: -19% Conversion: Moderate
      RETAIL STORES
      $3,475,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.708
    Latitude
    39.5977
    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
    $105,743
    $0.00
    $0.00
    $776,736
    -
    $1,218,580
    $1,565,420
    $2,784,000

    Comparable in this City

    • Value Estimation
      $2,690,000
      10,641 SF

      15787 Arapahoe Rd

      AUTO REPAIR, GARAGE • 10,641 SF
      15787 Arapahoe Rd, Centennial, CO 80016-1074
      View Details
    • Value Estimation
      $1,910,000
      6,885 SF

      22515 Aurora Pkwy

      AUTO REPAIR, GARAGE • 6,885 SF
      22515 Aurora Pkwy, Aurora, CO 80016-6179
      View Details
    • Value Estimation
      $2,490,000
      12,144 SF

      25515 Smoky Hl Rd

      AUTO REPAIR, GARAGE • 12,144 SF
      25515 Smoky Hl Rd, Aurora, CO 80016-1391
      View Details
    • Value Estimation
      $1,875,000
      4,413 SF

      23972 Prospect Ave

      AUTO REPAIR, GARAGE • 4,413 SF
      23972 Prospect Ave, Aurora, CO 80016-5335
      View Details
    • Value Estimation
      $975,000
      2,520 SF

      6320 Parker Rd

      AUTO REPAIR, GARAGE • 2,520 SF
      6320 Parker Rd, Aurora, CO 80016-1056
      View Details
    • Value Estimation
      $2,315,000
      4,909 SF

      24550 Smoky Hl Rd

      AUTO REPAIR, GARAGE • 4,909 SF
      24550 Smoky Hl Rd, Aurora, CO 80016-1386
      View Details

    Similar Nearby for Sale

    • $4,100,000
      6,772 SF

      Freestanding Retail Investment Opportunity

      Single-tenant retail property with long-term lease and high visibility.
      15725 East Briarwood Cir, Aurora, CO 80016
      View Details
    • $9,850,000
      29,713 SF

      Value-Add Retail Opportunity

      Retail property with high vacancy and strong visitor traffic.
      2253 E Briarwood Ave, Centennial, CO 80016
      View Details
    • $319,900
      1,144 SF

      Saddle Rock Condo with Garage

      Immaculately maintained 2-bedroom condo with garage in Saddle Rock.
      7111 S Wenatchee Way, Aurora, CO 80016
      View Details
    • $700,000
      1.27 Acres

      Arapahoe Corridor Commercial Land

      Prime 1.268-acre lot, ideal for commercial development.
      0 Galena St, Foxfield, CO 80016
      View Details
    • $400,000
      1,555 SF

      Spacious Townhome with Attached Garage

      3 bed, 3 bath townhome with attached garage and upgrades.
      5762 S Addison Way, Aurora, CO 80016
      View Details
    • $2,700,000
      6,696 SF

      Turnkey Restaurant Opportunity in Aurora

      6,696 SF restaurant with equipment included in high-traffic location.
      Aurora, CO 80016
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,826 SF

      Retail Space in Cornerstar Center

      Retail and restaurant spaces available in busy Aurora shopping center.
      6755 E Briarwood Cir, Aurora, CO 80016
      View Details
    • Contact for pricing
      2,519 SF

      Aurora Retail Space For Lease

      Retail spaces available in Southeast Aurora's lifestyle shopping center.
      23955 E Plaza Ave, Aurora, CO 80016
      View Details
    • $12 SF/Yr
      6,099 SF

      Cornerstar Shopping Center Retail Space

      Retail and restaurant spaces available in busy shopping center.
      6795 S Cornerstar Way, Aurora, CO 80016
      View Details
    • Contact for pricing
      2,253 SF

      Retail Space in Aurora Center

      Retail spaces available in southeast Aurora's lifestyle shopping center.
      24291 E Orchard Rd, Aurora, CO 80016
      View Details
    • Contact for pricing
      1,592 SF

      Retail Space in Cornerstar Center

      Retail and restaurant spaces available in busy shopping center.
      6750 S Cornerstar Way, Aurora, CO 80016
      View Details
    • $22 SF/Yr
      3,210 SF

      Aurora Fitness Center Space for Lease

      3,210 sq ft Retail Space in Aurora, CO
      15900 Briarwood Cir, Aurora, CO 80016
      View Details

    Property Visit Statistics

    • Visits by month
      2.3k
    • Visitors by month
      1.7k
    • Avg Time on site
      24 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.
    23990 Smoky Hl Rd
    Aurora, CO 80016-1355
    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.