9100 Colfax AveAurora, CO 80010

Property Details for 9100 Colfax Ave

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.93 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,083,900

  6.5%

  $2,846,670

  7%

  $2,643,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,247,490

  Geo Method

  $1,367,740

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,235,530

  Retail / Commercial

  $3,767,820

  Mixed-Use / Specialty

  $3,799,680

  Office

  $3,824,280

  Institutional / Educational

  $3,966,320

  Residential Income

  $4,640,600

  Multifamily

  $5,314,590

  Automotive / Energy

  $3,399,710

  Parking / Income-Based Land

  $1,128,450

  Restaurant / Food Service

  $2,072,910

  Healthcare / Senior Housing

  $3,850,050

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Latitude

39.7398

Longitude

-104.882

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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