10212 Colfax AveAurora, CO 80010

Property Details for 10212 Colfax Ave

Year built

1952

Construction

CONCRETE BLOCKS

Lot size

0.53 AC

Property size (Sq ft)

6,092 SF

Property type

Retail properties

Property subtype

Retail space

APN

1973-03-1-03-015

APU

197303103015

Description

This 5,972 square foot multi-tenant retail property in Aurora, Colorado, presents a compelling value-add investment opportunity. Located at 10212 E Colfax Ave, 80010, this fee-simple property boasts 100% occupancy across three suites, including T-Mobile, CASA Soccer, and a barbershop. Built in 1952 and renovated in 2018, the single-story building sits on a 0.53-acre lot with ample parking (31 spaces). The property features a triple net (NNN) lease structure with all leases including annual rent increases. Currently generating a $124,144 NOI and offering a 7.50% cap rate, the property's below-market rents present significant upside potential. The property benefits from its prime location on E Colfax Avenue, a major thoroughfare with high daily traffic (34,100 vehicles), serving a dense population (178,000 residents within three miles) with a high average household income ($91,600 within three miles). The property's strong tenant mix and location, combined with the potential for rent growth, make it an attractive investment for those seeking a stable, high-performing asset with significant value-add potential. The asking price is $1,655,000. The property's zoning is OA-MS.

• CAP approach

  CAP return

  Valuation

  6%

  $1,680,861

  6.5%

  $1,551,564

  7%

  $1,440,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,011,549

  Geo Method

  $1,268,369

• Alternative Use

  Use

  Valuation

  Residential

  $1,308,802

  Hospitality

  $1,198,856

  Educational

  $997,434

  Medical

  $1,031,737

  Retail

  $1,551,564

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Latitude

39.7397

Longitude

-104.869

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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