1530 Kingston StAurora, CO 80010

Property Details for 1530 Kingston St

Year built

1983

Lot size

0.37 AC

Property size (Sq ft)

2,180 SF

Property type

Retail properties

Property subtype

Self service car washes

APN

R0097231

APU

R0097231

Description

This exceptional investment opportunity presents a thriving car wash business located at 1530 Kingston St, Aurora, CO 80010. The 2,180 square foot property sits on a 16,117 square foot lot and boasts a remarkable 8.72% cap rate with 100% occupancy. Recent improvements exceeding $50,000 have been made, including the addition of credit card readers, enhancing customer convenience and operational efficiency. The property is zoned OA-G and benefits from its prime location just north of East Colfax Avenue, near major medical facilities including the UCHealth Anschutz Medical Campus. This rapidly growing area offers significant potential for future redevelopment, with the added advantage of enterprise zone tax benefits. The established car wash business provides immediate operating income, while the substantial lot size and strategic location present exciting possibilities for long-term growth and value appreciation. The asking price is $930,000. This is a rare chance to acquire a high-performing asset in a dynamic and expanding market.

• CAP approach

  CAP return

  Valuation

  6%

  $601,490

  6.5%

  $555,222

  7%

  $515,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,077,672

  Geo Method

  $453,881

• Alternative Use

  Use

  Valuation

  Residential

  $468,350

  Hospitality

  $429,006

  Educational

  $356,928

  Medical

  $369,204

  Retail

  $555,222

Location Insight

City

Aurora

County

Adams

State

Colorado

Latitude

39.7409

Longitude

-104.858

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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