1010 South St Castle Rock, CO 80104
Flex space with mezzanine, triple net lease, cash flow.
Property Features for 1010 South St
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Industrial
Listing office Personal Warehouse & Red Commercial
Listing date Dec 6, 2023
Source Crexi
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 Personal Warehouse & Red Commercial
Investment Insights
Based on property information with market context.
Key Highlights
- Annual Net Cash Flow (Year 1): $66,300
- Triple Net Lease (NNN)
- Rental Rate: $26/SF (Year 1)
Local Financial Insights For Industrial
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 | $43.6k | $20.76 |
| − Vacancy | −$785 | −$0.37 |
| EGI | $42.8k | $20.39 |
| − OpEx | −$12.8k | −$6.12 |
| NOI | $30.0k | $14.27 |
