For Sale
Contact for pricing
Pending
1010 South Street, Castle Rock, CO 80104
Flex space
Property Size1,000 SF
Days on Market1491
Property Features for 1010 South Street
General Information
Standard status
Pending
Size
1,000 SF
Property subtype
Office, Industrial
Zoning
Light Industrial, Office, Warehousing, Storage, Flex, Retail
Lease Type
NNN
Building Details
Buildings
4
Listing Agency:
Personal Warehouse & Red Commercial
Listed By:
Steve Garrison · License #CO
Source:
Crexi
Added: Sep 26, 2022
Changed: Oct 15
Last Checked: Oct 24 at 5:42PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,270
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,400
$285.4K
Cap Rate 7%
$203,857
$203.9K
Cap Rate 9%
$158,556
$158.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$20.8K $20.76/SF
− Vacancy
−$374 −$0.37/SF
EGI
$20.4K $20.39/SF
− OpEx
−$6.1K −$6.12/SF
NOI
$14.3K $14.27/SF
Area
Douglas County, CO
Vacancy
1.80%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,400
Cap Rate 7%
$203,857
Cap Rate 9%
$158,556
Alternative Uses
Best Use
Industrial
$203.9K
$178.4K – $237.8K
NOI $14,270 @ 7.0% cap · market cap 3.48%
Second Best
Flex RnD
$186.4K
$163.1K – $217.5K
NOI $13,049 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$343.5K
$300.6K – $400.7K
NOI $24,044 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80104, CO
34,727
Population
13,945
Households
2.5
Avg Household Size
38
Median Age
54%
College-Educated
97%
High-School Grad
70.7 sq mi
ZIP Area
491
Density / Sq Mi
$131,359
Median Household Income
$60,982
Median Earnings
$1,816
Median Rent
$586,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
Where is this flex space located?
The property is located at 1010 South Street Castle Rock, CO.
What is the asking price?
The asking price for this property is $410,262.
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.
