14651 Colfax AveAurora, CO 80011

Property Details for 14651 Colfax Ave

Year built

2004

Lot size

0.95 AC

Property size (Sq ft)

6,742 SF

Property type

Retail space

APN

R0160167

APU

R0160167

Description

This exceptional investment opportunity presents a 6,742-square-foot free-standing retail building located at 14651 E Colfax Avenue in Aurora, Colorado, 80011. The property, built in 2005, sits on a 0.95-acre lot and boasts 60 parking spaces, providing an ample 8.90 spaces per 1,000 square feet. Currently occupied by a single, national tenant – Advanced Auto Parts – under a triple-net (NNN) lease, this property offers a secure and stable income stream. The building's strong financial performance is highlighted by a Net Operating Income (NOI) of $130,200 and an attractive cap rate of 5.12%. The asking price is $2,544,000. The property's strategic location near I-225 on Colfax Avenue ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, single-tenant retail building leased to a publicly traded company, offering a compelling return on investment with minimal management responsibilities. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. Note that an adjacent multi-tenant building is also available for purchase.

• CAP approach

  CAP return

  Valuation

  6%

  $1,413,000

  6.5%

  $1,304,300

  7%

  $1,211,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,375,470

  Geo Method

  $579,305

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,504,720

  Mixed-Use / Specialty

  $1,315,330

  Hospitality / Lodging

  $985,432

  Office

  $1,323,850

  Institutional / Educational

  $1,373,020

  Residential Income

  $1,606,430

  Multifamily

  $1,839,750

  Automotive / Energy

  $1,176,880

  Parking / Income-Based Land

  $390,635

  Restaurant / Food Service

  $717,577

  Healthcare / Senior Housing

  $1,332,770

Location Insight

City

Aurora

County

Adams

State

Colorado

Latitude

39.7407

Longitude

-104.817

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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