Unit 6 at 2224 South Fraser Street is a 1,442 square foot office condominium for sale as a leased investment in the Fraser Business Park in Aurora, Colorado 80014. The asking price is $424,981, or $295 per square foot, a 7.70% cap rate on net operating income of $32,723.56. It is leased for 5 years at $32.16 per square foot full service to the Functional Performance Center, a physical therapy and rehabilitation clinic.
| Sale Price | $424,981 |
| Price Per Square Foot | $295/SF |
| Cap Rate | 7.70% |
| Net Operating Income (NOI) | $32,723.56 |
| Address | 2224 S Fraser St, Unit 6 |
| City / State / Zip | Aurora, CO 80014 |
| Property Type | Office Condo |
| Year Built | 2005 / Renovated 2019 |
| Rentable Square Footage | 1,442 SF |
| Lease Rate | $32.16 Full Service |
| Lease Term | 5 Years |
| Owner's Association | $4,468.44 |
| Taxes | $8,031.55 |
| Insurance | $1,157.00 |
| Parking | Open |
| Zoning | Commercial Condominium |
This office condominium offers a stabilized investment opportunity within the Fraser Business Park, a well-established professional enclave in Southeast Aurora.
Currently operating as the Functional Performance Center, a specialized physical therapy and rehabilitation clinic, the property benefits from a high-quality tenant build-out and a strategic location in a high-growth medical and professional corridor.
The unit offers a functional mix of four private offices, a bathroom, and a kitchenette alongside an open meeting/lobby area, with large windows providing strong natural light throughout. Ample surface parking and a quiet, well-managed business-park setting round out the offering.
Aurora, Colorado is one of the largest and fastest-growing cities in the Denver metropolitan area, located directly east of Denver. The city benefits from strong regional connectivity through major transportation corridors including Interstate 225, Interstate 70, and E-470, as well as close proximity to Denver International Airport. This accessibility provides convenient connections to major employment centers throughout the Denver metro region.
Aurora's economy is supported by a diverse mix of industries including healthcare, aerospace, defense, logistics, and professional services. Major employment hubs such as the Anschutz Medical Campus, home to the University of Colorado Hospital, Children's Hospital Colorado, and the University of Colorado School of Medicine, and Buckley Space Force Base generate significant employment and attract a skilled workforce to the area.
The city continues to experience steady population growth, driving residential development and increasing demand for retail, dining, and service-oriented businesses. Expanding commercial corridors and new mixed-use developments further strengthen Aurora's position as a dynamic and growing market within the greater Denver metropolitan area.
| Metric | 3 Miles | 5 Miles | 10 Miles |
|---|---|---|---|
| Population | 178,789 | 394,935 | 1,145,381 |
| Households | 70,081 | 154,927 | 462,171 |
| Families | 41,484 | 90,887 | 257,362 |
| Avg. Household Size | 2.53 | 2.53 | 2.45 |
| Median Age | 37.2 | 36.5 | 36.4 |
| Median HH Income | $82,712 | $83,907 | $102,644 |
| Average HH Income | $101,667 | $107,245 | $141,475 |
All figures reflect 2025 estimates by radius from the subject.
The asking price is $424,981, or about $295 per square foot for the 1,442 square foot unit.
The property is offered at a 7.70% cap rate on net operating income of $32,723.56.
Yes. It is leased to the Functional Performance Center, a physical therapy and rehabilitation clinic, on a 5 year lease at $32.16 per square foot full service.
Owner's association dues are listed at $4,468.44, property taxes at $8,031.55, and insurance at $1,157.
Four private offices, a bathroom, a kitchenette, and an open meeting and lobby area, with large windows that bring in strong natural light.
The building was built in 2005 and renovated in 2019.
Investors looking for a stabilized, leased office condo with a medical tenant in a growing medical and professional corridor of southeast Aurora.
Yes. The business park has ample open surface parking.
In the Fraser Business Park in southeast Aurora, with regional access via Interstate 225, Interstate 70 and E 470.
Within 3 miles there are about 178,789 residents with a median household income of $82,712. Within 5 miles the population is about 394,935 with a median household income of $83,907 (2025 estimates).
Contact Charlie Cummings, Founder and Managing Broker at Innovate Commercial Real Estate, at 720 583 5794 or charlie@innovate-cre.com, or use the Request a Showing button on this page.
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