Multi-Unit Medical Office with
1001 South Perry Street Castle Rock, CO 80104
For Sale
$1,569,000
Three connected medical office units each include an exterior entrance and 10 exam rooms with sinks.
Property Size4,822 SF
Price / SF$325.38
Days on Market1230
Property Features for 1001 South Perry Street
General Information
- Standard status
- Active
- Size
- 4,822 SF
- Property subtype
- Office
Properties For Sale
at 1001 South Perry Street Contact us
Listing Agency:
Hoff & Leigh Colorado Springs
(719) 237-1714
Listed By:
Brett Ogden · License #100046433-FA
(719) 237-1714
Source:
Hoffleigh
Added: Mar 13, 2023
Changed: Jul 21
Last Checked: Jul 24 at 4:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoff & Leigh Colorado Springs
Investment Insights
Based on property information with market context.
This 4,822-square-foot medical office offering consists of three connected units (104B, 105B, and 107B), with each unit featuring its own exterior entrance for flexible use. Unit 105B is currently vacant and available immediately, while Units 104B and 107B are leased to Redwood Medical through July 2027.
The interior is designed for clinical operations, with 10 exam rooms equipped with sinks, a lab, a nurses’ station, private offices, and a spacious waiting area. Updated interior finishes are already in place.
The property is located in a highly accessible area just south of Plum Creek Parkway on Perry Street, with direct parking lot access for patients and staff. All three units are offered together as a single purchase.
The interior is designed for clinical operations, with 10 exam rooms equipped with sinks, a lab, a nurses’ station, private offices, and a spacious waiting area. Updated interior finishes are already in place.
The property is located in a highly accessible area just south of Plum Creek Parkway on Perry Street, with direct parking lot access for patients and staff. All three units are offered together as a single purchase.
Key Highlights
- 4,822 SF medical office made up of three connected units (104B, 105B, 107B) offered together for one purchase.
- Each unit has its own exterior entrance, providing flexibility for an owner‑user or leasing strategy.
- Unit 105B is currently vacant and available immediately.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.8k | $27.96 |
| − Vacancy | −$22.8k | −$4.73 |
| EGI | $112.0k | $23.23 |
| − OpEx | −$28.0k | −$5.81 |
| NOI | $84.0k | $17.43 |
4,822 SF · lease $27.96/SF/yr · vacancy 16.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,029 @ 7.0% cap · market cap 5.36%
Second Best
Healthcare Medical
$988.6K
$865.0K – $1.15M
NOI $69,203 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,939 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bratton Dwight DDS
Dental Office
Rowlette Michael T ...
Dental Office
Zillich Chad M ...
Dental Office
Dr. Chad Carubia
Dental Office
Redwood Medical
Pediatrician
Similar Off Market Nearby
- Blue Spruce Animal Clinic — 101 Briscoe St, Castle Rock, CO 80104
- Veterinarian: Jasmine Tom, DVM — 101 Briscoe St, Castle Rock, CO 80104
- Pet Vet — 959 S Plum Creek Blvd, Castle Rock, CO 80104
- Veterinarian: Albert Chai, DVM — 101 Briscoe St, Castle Rock, CO 80104
FAQs
What type of property is this?
Medical Office Space - Three connected medical office units each include an exterior entrance and 10 exam rooms with sinks.
Where is this medical office space located?
The property is located at 1001 South Perry Street Castle Rock, CO.
What is the asking price?
The asking price for this property is $1,569,000.
What are key features of this property?
This property features: 4,822 SF medical office made up of three connected units (104B, 105B, 107B) offered together for one purchase.; Each unit has its own exterior entrance, providing flexibility for an owner‑user or leasing strategy.; Unit 105B is currently vacant and available immediately.
