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    Property profile & analytics

    3005 Peoria St Aurora, CO 80014

    • Strip malls
    • 16,380 SF
    • 1.24 lot acres
    For Lease
    View listing
    Last Sale
    Dec 29, 2020
    $7,050,000
    Value Estimations
    $6,145,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0748505
    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

    • Strip malls

    Property Details for 3005 Peoria St

    Year built
    1979
    Construction
    CONCRETE BLOCKS
    Lot size
    1.24 lot acres
    Property size
    16,380 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1973-35-1-11-001
    APU
    197335111001

    Description

    Eastridge Plaza offers exceptional retail opportunities in a high-traffic location. This 66,225 square foot center boasts multiple tenancies, with spaces ranging from 883 to 3,084 contiguous square feet available. Three individual spaces are currently available, ranging in size from 1,290 to 3,084 square feet, perfect for a variety of businesses. The property sits on a 1.24-acre lot at the highly visible intersection of Parker Road and South Peoria Street, conveniently located just off I-225, ensuring excellent exposure and accessibility. Benefit from the established presence of successful businesses such as 7-Eleven and Snarfs, creating a synergistic and thriving retail environment. This infill location provides immediate access to a dense customer base. The minimum divisible space is 883 square feet, offering flexibility for smaller businesses. The property's strategic location and existing tenant mix make it an ideal investment for businesses seeking high visibility and strong foot traffic. Contact us today to learn more about these exceptional retail spaces and secure your place in this thriving commercial center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,800,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,005,000
      6.5%
      $3,695,000
      7%
      $3,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,136,000
      Market price range: $2.90M - $8.25M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,315,000
      Current use
      RESTAURANT
      $6,700,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,560,000
      Change: +23% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,300,000
      Change: -0% Conversion: Easy
      RETAIL STORES
      $5,270,000
      Change: -1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $5,090,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $4,975,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.848
    Latitude
    39.6613
    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
    $39,365
    $0.00
    $0.00
    $916,515
    -
    $540,020
    $2,774,980
    $3,315,000

    Comparable in this City

    • Value Estimation
      $6,590,000
      51,651 SF

      10890 Dartmouth Ave

      SHOPPING CENTER, STRIP CENTER • 51,651 SF
      10890 Dartmouth Ave, Denver, CO 80014-4845
      View Details
    • Value Estimation
      $10,315,000
      106,086 SF

      1907 Havana St

      SHOPPING CENTER, STRIP CENTER • 106,086 SF
      1907 Havana St, Aurora, CO 80014
      View Details
    • Value Estimation
      $6,615,000
      55,918 SF

      2050 Havana St

      SHOPPING CENTER, STRIP CENTER • 55,918 SF
      2050 Havana St, Aurora, CO 80014-1014
      View Details
    • Value Estimation
      $725,000
      4,074 SF

      13698 Iliff Ave

      SHOPPING CENTER, STRIP CENTER • 4,074 SF
      13698 Iliff Ave, Aurora, CO 80014-6525
      View Details
    • Value Estimation
      $3,835,000
      19,910 SF

      2295 Chambers Rd

      SHOPPING CENTER, STRIP CENTER • 19,910 SF
      2295 Chambers Rd, Aurora, CO 80014-4544
      View Details
    • Value Estimation
      $1,295,000
      11,834 SF

      2250 Chambers Rd

      SHOPPING CENTER, STRIP CENTER • 11,834 SF
      2250 Chambers Rd, Aurora, CO 80014-4528
      View Details

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    Similar Nearby for Lease

    • $360 /Mo
      5,100 SF

      Nine Mile Retail Spaces Available

      Prime Arapahoe County Retail Space for Lease
      3105 Peoria St, Aurora, CO 80014
      View Details
    • Contact for pricing
      145,743 SF

      East Bank SC: Aurora Retail Center

      Prime Aurora retail space, multiple units available.
      0 Parker Rd. & Quincy Rd, Denver, CO 80014
      View Details
    • Contact for pricing
      158,303 SF

      Aurora Retail Space - Havana District

      Prime Aurora retail space, 2,498 sq ft available.
      0 Parker Rd. & Havana St, Aurora, CO 80014
      View Details
    • Contact for pricing
      10,801 SF

      Promenade on Parker For Lease

      Promenade on Parker Road For Lease
      2320 South Parker Road, Denver, CO 80014
      View Details
    • Contact for pricing
      1,813 SF

      Tempo at Nine Mile Station Retail Space

      High-traffic retail space, Arapahoe County.
      12150 Dartmouth Ave, Aurora, CO 80014
      View Details
    • Contact for pricing
      66,225 SF

      Eastridge Plaza Retail Space

      Prime Arapahoe County retail spaces available.
      3005 Peoria St, Aurora, CO 80014
      View Details
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    3005 Peoria St
    Aurora, CO 80014
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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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