3124 Parker RdAurora, CO 80014

Property Details for 3124 Parker Rd

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.78 AC

Property size (Sq ft)

7,330 SF

Property type

Retail properties

Property subtype

Retail space

APN

1973-35-4-04-006

APU

197335404006

Description

This exceptional retail opportunity is located at 3124 S Parker Rd, Aurora, CO 80014, within the Parker Station Shopping Center. The property, built in 1979, offers a total of 9,260 square feet across a single suite, with 1,176 square feet currently available for lease. Situated on a 0.78-acre lot in Arapahoe County, this strip center boasts excellent street visibility and ample parking for customers. The property benefits from a prominent location on busy Parker Road, near I-225, ensuring high traffic volume. The center offers the opportunity for monument signage, further enhancing visibility. The surrounding area features numerous established neighborhoods and retail centers, including the recently developed The Point at Nine Mile, which includes a large King Soopers grocery store, contributing to increased foot traffic. This prime location presents a unique chance to establish or expand a retail business in a thriving community. The available space is ideal for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,022,442

  6.5%

  $1,866,869

  7%

  $1,733,521

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,623,548

  Geo Method

  $1,526,124

• Alternative Use

  Use

  Valuation

  Residential

  $1,574,774

  Hospitality

  $1,442,484

  Educational

  $1,200,130

  Medical

  $1,241,404

  Retail

  $1,866,869

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Latitude

39.6601

Longitude

-104.851

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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