15601 6Th AveAurora, CO 80011

Property Details for 15601 6Th Ave

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.18 AC

Property size (Sq ft)

21,001 SF

Property type

Retail properties

Property subtype

Auto shops

APN

1975-05-3-46-003

APU

197505346003

Description

This exceptional investment opportunity presents a fully occupied, two-tenant net-lease retail property located at 15601 E 6th Avenue in Aurora, Colorado. The property encompasses 21,001 square feet on a 2.18-acre lot, offering ample parking (50 spaces) for tenants and customers. Currently housing Front Range Diesel and Next Stop Automotive, this Class C building boasts 100% occupancy and a strong net operating income (NOI) of $250,527, with a pro-forma NOI of $260,301. The asking price is $4,200,000, representing a 5.96% cap rate and a pro-forma cap rate of 6.20%. Built in 1986, the single-story building benefits from recent capital improvements, including roof upgrades (2021 with a 10-year transferable warranty), RTUs (2020), and flatwork (2020). Leases feature 3% annual rent bumps, providing consistent income growth. The property is zoned B-1 and enjoys a prime location at a signalized intersection with high traffic counts on E 6th Avenue and convenient access to major highways (I-225, I-25, and I-70). The area boasts a population exceeding 370,000 within a 5-mile radius. This is a rare opportunity to acquire a stable, high-performing investment with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $5,794,446

  6.5%

  $5,348,720

  7%

  $4,966,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,381,736

  Geo Method

  $4,372,458

• Alternative Use

  Use

  Valuation

  Residential

  $4,511,846

  Hospitality

  $4,132,826

  Educational

  $3,438,463

  Medical

  $3,556,717

  Retail

  $5,348,720

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Latitude

39.7261

Longitude

-104.806

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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