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Property profile & analytics
OFF-MARKET
Estimated value
$20,700,000
Industrial properties
403 Airport Blvd 1 Aurora, CO 80017-3900
Entity Owned
Free & Clear
Property ID
US13-2228212
Property summary
AI-generated overview
This exceptional 160,555-square-foot industrial warehouse in Aurora, Colorado, presents a unique redevelopment opportunity. Situated on a 15.15-acre lot zoned for mixed-use, this Class B property boasts a prime location off Interstate 225, a major transportation artery with 152,000 daily vehicles. Currently 100% occupied by two tenants (a moving & storage company and a charter school) with a weighted average lease term of 4 years, this asset offers immediate cash flow. The single-story building, constructed in 1981 and renovated in 2019 and 2024, features 16 dock-high doors, a 24-foot ceiling height, and one loading dock. The property's central location near Buckley Space Force Base and its significant acreage make it ideal for redevelopment into multifamily housing, capitalizing on Aurora's growth. This infill site is a rare find, offering a blend of existing income and substantial future potential. The permitted zoning is MU-OI. The property is priced significantly below replacement cost. This is a compelling investment for those seeking both immediate returns and long-term appreciation.
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1981
Total area
118,870 SF
Lot
7.89 ac (343,688 SF)
APN
1975-17-1-21-001
UPID
US13-2228212
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.70M
Blend (final)
Blend
$20.70M
Owner & transaction history
GLOBAL VILLAGE ACADEMY BUILDING CORPORATION
GLOBAL VILLAGE ACADEMY BUILDING CORPORATION
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,000,000
Current use
Blend value · Realmo final
$20.70M
Range $18.63M – $22.77M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$174 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$261,231
Tax year 2023
Assessed value
$2,819,003
Assessed 2023
Previous assessed
$2,819,003
+0.0% YoY
Effective rate
9.27%
On assessed value
Land market value
$3,438,500
Improvement market value
$6,665,450
Total market value
$10,103,950
Applied tax rate
1,155.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1981
Heating
NONE
Stories
1
Total area
118,870 SF
Lot
7.89 ac (343,688 SF)
APN
1975-17-1-21-001
UPID
US13-2228212
Jurisdiction
ARAPAHOE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$24.0M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
1
Lot
7.89 ac
Current owner
From public records · entity-resolved
GLOBAL VILLAGE ACADEMY BUILDING CORPORATION
Individual
Free & Clear · 0 yrs held
Mailing address
403 S AIRPORT BLVD, AURORA, CO 80017-3900
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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