401 Sable Blvd, Aurora, CO 80011
- Super regional malls
- 6,774 SF
- 0.38 lot acres
Current Use by Public Records
- Super regional malls
Property Details for 401 Sable Blvd
- Year built
- 1987
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.38 lot acres
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- 1975-07-2-14-006
- APU
- 197507214006
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 24, 2018 | — | Ptt Properties I LLC | — | Grant Deed · related | $10M · Bank Of America |
| Jun 26, 2017 | — | Third Future Schs Building Cor | — | Deed · related | $700k · Private Individual |
| Aug 19, 2005 | $10,700,000 | Ptt Properties LLC | J & J Property Investments LLC | Grant Deed | $8.6M · Horizons Banks NA |
| — | — | Ptt Properties LLC | — | Deed Of Trust · related | $7.5M · Bank Of The West |
| — | — | Third Future Schs Building Cor | — | Deed Of Trust · related | $700k · Private Individual |
Description
This exceptional investment opportunity presents a stabilized shopping center in Aurora, Colorado, within the Denver MSA. The 146,518 square foot property sits on a 14.11-acre lot and boasts 28 tenants, achieving a 92% occupancy rate. The center features four single-story buildings with 723 parking spaces, built in 1987 and zoned MU-C (Mixed Use Corridor). The asking price is $28,950,000, representing an attractive 8.30% cap rate. Anchored by strong national and regional tenants, including Davita Dialysis, the Department of Motor Vehicles, Biomat USA, and Third Future Schools, many with long-term leases. The property benefits from a prime location, just two blocks from the 2nd and Abilene light rail station and adjacent to the I-225 and Sixth Avenue interchange, experiencing combined daily traffic counts of 56,700 vehicles. Nearby, the Griffis Fitzsimons South and Revel apartment complexes provide a substantial residential base. The property offers potential for future development, with two available pad sites and additional expansion opportunities, given its MU-C zoning. A significant $100,000+ remodel and extension was completed at the DMV location in 2018. This is a rare chance to acquire a below-replacement-cost, high-performing retail center in a thriving Denver market. The net lease structure provides a stable income stream.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,151,000
- AI Estimate
- $2,151,000
Market price range: $1.35M - $3.95MMarket price range: $1.35M - $3.95M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,345,000 Current use
- RESTAURANT
- $3,300,000 Change: +41% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,815,000 Change: +20% Conversion: Difficult
- RETAIL STORES
- $2,370,000 Change: +1% Conversion: Easy
- MEDICAL BUILDING
- $2,090,000 Change: -11% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,970,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.821
- Latitude
- 39.7251
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
