Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1010 South St, Castle Rock, CO 80104

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Flex space

    Type:Office, Industrial
    Property size:
    1,000 SF
    Price / SF:
    $420/SF
    Added:
    Sep 26, 2022
    Days on Market:
    1350
    Last Refresh:
    May 12 at 9:51 pm

    Property Features for 1010 South St

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Office, Industrial

    We can help!

    Listing Contact
    Steve Garrison

    Listing agent Steve Garrison License #CO

    Listing office Personal Warehouse & Red Commercial

    Listing date Sep 26, 2022

    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

    HighLights

    • Customizable Interiors: Adapt the space to suit your business, storage, or recreational needs.
    • Standard Amenities: Includes HVAC, power, and security systems.
    • Unlimited Access: Provides convenient and unrestricted entry to the property.
    • Experienced Developer: Built by PW Development, a leader in small bay warehouses.
    • Versatile Usage: Suitable for work, storage, or recreational activities.
    • Affordable Ownership: Owning a unique space is presented as financially accessible.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Daycare Center Gym & Fitness Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.8472184
    Latitude
    39.3692438

    Nearby Similar for Sale

    • $829,900
      3,600 SF

      Castle Rock Industrial Condo Opportunity

      3,600 SF industrial condo in growing Castle Rock corridor.
      2274 Manatt Ct A01 & A02, Castle Rock, CO 80104
      View Details
    • $1,650,000

      Downtown Castle Rock Live-Work Opportunity

      Live-work property in downtown Castle Rock with multiple suites.
      422 Elbert Street, Castle Rock, CO 80104
      View Details
    • $6,700,000
      4,377 SF

      Multi-Building Industrial Workshop Property

      Purpose-built shop buildings with ample parking, a downdraft paint booth, and gated/semi-capable access for vehicle and maker uses.
      1751 W Wolfensberger Rd, Castle Rock, CO 80109
      View Details
    • $395,000

      Luxury Garage Condo with Loft

      Versatile garage condo with premium features and community amenities.
      1931 Liggett Rd C02, Castle Rock, CO 80109
      View Details
    • $6,700,000

      Paint Booth Industrial Flex Property

      Purpose-built shop buildings with large-capacity parking and an AFC downdraft paint booth for hands-on restoration operations.
      undisclosed, Castle Rock, CO 80109
      View Details
    • $395,000
      757 SF

      Luxury Garage Condo with Loft

      Premium flex space with garage, loft, and community clubhouse.
      1931 Liggett Road #C02, Castle Rock, CO 80109
      View Details
    • $5,675,000
      20,674 SF

      Immaculate Medical Office Building

      Well-maintained medical office building in desirable Castle Rock location.
      1175 S Perry St, Castle Rock, CO 80104
      View Details
    • $4,750,000
      7,332 SF

      Mediterranean Estate with Mountain Views

      Secluded Mediterranean-inspired estate with panoramic mountain views on 35 acres.
      253 Stone Pointe, Castle Rock, CO 80109
      View Details
    • $829,900
      3,634 SF

      Versatile Industrial Condo in Castle Rock

      3,600 SF double-unit industrial condo in growing Douglas County.
      2274 Manatt Court #A01 & A02, Castle Rock, CO 80104
      View Details
    • $5,400,000
      2,624 SF

      High-Visibility Castle Rock Commercial Property

      Prime location with I-25 exposure, suitable for office or retail.
      820 Wilcox Street, Castle Rock, CO 80104
      View Details
    • $379,000
      932 SF

      Versatile Garage Condo in Castle Rock

      932 sq ft garage condo ideal for business or personal use.
      4390 Regent Street #C9, Castle Rock, CO 80109
      View Details
    • $4,050,000
      15,234 SF

      Immaculately Maintained Medical Office Building

      Excellent location in Castle Rock, well-maintained medical office building.
      1161 S Perry St, Castle Rock, CO 80104
      View Details

    FAQs

    Where is this flex space located?
    The property is located at 1010 South St Castle Rock, CO.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: Customizable Interiors: Adapt the space to suit your business, storage, or recreational needs.; Standard Amenities: Includes HVAC, power, and security systems.; Unlimited Access: Provides convenient and unrestricted entry to the property.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Garrison
    Real Estate License ID: CO
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1010 South St, Castle Rock, CO 80104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!