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    3385 Tower Rd Aurora, CO 80013-5711
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    3385 Tower Rd Aurora, CO 80013-5711

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    • Grocery and convenience stores
    • 4,794 SF
    • 1.18 lot acres
    Off-Market
    Property ID
    US13-0035074
    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.
    Value Estimations
    $2,285,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 3385 Tower Rd

    Year built
    1997
    Construction
    FRAME
    Lot size
    1.18 lot acres
    Property size
    4,794 SF
    Property type
    Grocery and convenience stores
    APN
    1975-33-4-11-002
    APU
    197533411002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,555,000
      Current use
      AUTO REPAIR, GARAGE
      $1,920,000
      Change: +23% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,550,000
      Change: -0% Conversion: Easy
      RETAIL STORES
      $1,540,000
      Change: -1% Conversion: Easy
      MEDICAL BUILDING
      $1,455,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.773
    Latitude
    39.6553
    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
    $61,380
    $0.00
    $0.00
    $668,763
    -
    $767,790
    $1,629,210
    $2,397,000

    Comparable in this City

    • Value Estimation
      $4,140,000
      35,634 SF

      15380 Hampden Ave

      GROCERY, SUPERMARKET • 35,634 SF
      15380 Hampden Ave, Aurora, CO 80013-2402
      View Details
    • Value Estimation
      $3,765,000
      5,643 SF

      18181 Hampden Ave

      CONVENIENCE STORE • 5,643 SF
      18181 Hampden Ave, Aurora, CO 80013-3558
      View Details
    • Value Estimation
      $805,000
      1,050 SF

      15351 Iliff Ave

      CONVENIENCE STORE • 1,050 SF
      15351 Iliff Ave, Aurora, CO 80013-1013
      View Details
    • Value Estimation
      $8,055,000
      69,274 SF

      17000 Iliff Ave

      GROCERY, SUPERMARKET • 69,274 SF
      17000 Iliff Ave, Aurora, CO 80013-1520
      View Details
    • Value Estimation
      $2,045,000
      3,061 SF

      2093 Cathay Way

      CONVENIENCE STORE • 3,061 SF
      2093 Cathay Way, Aurora, CO 80013-7702
      View Details
    • Value Estimation
      $8,365,000
      71,945 SF

      18211 Hampden Ave

      GROCERY, SUPERMARKET • 71,945 SF
      18211 Hampden Ave, Aurora, CO 80013-3532
      View Details

    Similar Nearby for Sale

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      Aurora Retail Property For Sale

      Retail property built in 2011 with high traffic volume.
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      4,987 SF

      New Chick-fil-A Freestanding Facility

      New construction Chick-fil-A on 2.06 acre site.
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      Aurora Land Approved for Development

      Land approved for 49 multi-family units in Aurora, Colorado.
      14383 E Evans Dr, Aurora, CO 80013
      View Details
    • $310,000
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      Aurora Condo Near Amenities

      Move-in ready condo with modern amenities and convenient location.
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    Similar Nearby for Lease

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      2,844 SF

      Retail Space Near University of Denver

      Retail space near University of Denver and South Pearl Street.
      628 E Evans Dr, Denver, CO 80013
      View Details
    • Contact for pricing

      Automotive Building with Four Bays

      Freestanding automotive building with four bays and small office.
      16710 E Iliff Ave, Aurora, CO 80013
      View Details
    • Contact for pricing

      Retail Space in East Iliff

      Retail space available in East Iliff Plaza, Aurora, CO.
      16728-16880 E Iliff Ave, Aurora, CO 80013
      View Details
    • Contact for pricing

      Prime Retail Pad Site Available

      1.0 acre pad site in high-traffic retail area.
      18307 E Hampden Ave, Aurora, CO 80013
      View Details
    • Contact for pricing

      Aurora Office Space For Lease

      Well-located Class C office space with direct access.
      15490 E Hampden Ave, Aurora, CO 80013
      View Details

    Property Visit Statistics

    • Visits by month
      27.8k
    • Visitors by month
      17.1k
    • Avg Time on site
      7 min
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    3385 Tower Rd
    Aurora, CO 80013-5711
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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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