9100 Colfax Ave Aurora, CO 80010-5003
- Motels
- 19,476 SF
- 0.93 lot acres
Current Use by Public Records
- Motels
Property Details for 9100 Colfax Ave
- Year built
- 1955
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.93 lot acres
- Property size
- 19,476 SF
- Property type
- Motels
- APN
- 1973-03-2-00-007
- APU
- 197303200007
Description
This exceptional investment opportunity presents a 51-unit motel and retail space totaling 22,293 square feet on a 0.97-acre lot in Aurora, Colorado. Located at 9100-9150 E Colfax Ave, this property boasts a prime location along a major Denver thoroughfare, offering convenient access to local attractions and amenities. Built in 1955 and featuring two two-story buildings, the property includes 40 parking spaces and has undergone significant recent renovations. Improvements include a restored parking lot, remodeled doors, updated electrical and plumbing systems (completed in 2022), a new security gate and cameras, and refreshed interior and exterior paint. The motel units are furnished and equipped with air conditioning, new carpet, fresh paint, mini-fridges, and TVs. The property's permitted zoning is OA-MS, allowing for a retail income opportunity in addition to the motel operation. The asking price is $6,890,000, representing a price per square foot of $30,769. This property offers a unique blend of hospitality and retail income streams, making it an attractive investment prospect in a vibrant and diverse community. The mid-century modern architecture adds to its character and appeal. This is a turnkey operation ready for immediate income generation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,975,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,420,000
- 6.5%
- $4,405,000
- 7%
- $3,885,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,950,000
- Geo Method
- $4,090,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,025,000
- Retail
- $4,915,000
- Mixed-Use
- $5,160,000
- Hospitality
- $4,590,000
- Educational
- $4,965,000
- Residential Income
- $5,245,000
- Energy
- $4,355,000
- Income-Based Land
- $4,455,000
- Food Service
- $5,220,000
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.882
- Latitude
- 39.7398
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
