Customizable Flex Space For
1010 South St, Castle Rock, CO 80104
For Sale
Contact for pricing
Affordable, customizable flex space suitable for business, storage, or recreation.
Property Size1,000 SF
Price / SF$420
Days on Market1506
Property Features for 1010 South St
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Buildings
Units
Listing Agency:
Personal Warehouse & Red Commercial
Listed By:
Steve Garrison
Source:
Crexi
Added: Sep 26, 2022
Changed: Nov 5
Last Checked: Nov 8 at 8:27AM
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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Investment Insights
Based on property information with market context.
This flex space offers customizable interiors and standard amenities including HVAC, power, security, and unlimited access. The property is suitable for business, storage, or recreational purposes. With 1000 square feet of space, the property offers a unique space that can be tailored to individual needs. Located in Castle Rock, Colorado, this property presents an opportunity for various uses.
Key Highlights
- Customizable interiors to suit various needs (business, storage, recreation).
- Standard amenities included: HVAC, power, and security.
- Unlimited access to the property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,270
Cap Rate
3.40%
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 3.40%
Second Best
Flex RnD
$186.4K
$163.1K – $217.5K
NOI $13,049 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$343.5K
$300.6K – $400.7K
NOI $24,044 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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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
$586,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Douglas County, CO
Properties on Market for Flex space in Douglas County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Affordable, customizable flex space suitable for business, storage, or recreation.
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 to suit various needs (business, storage, recreation).; Standard amenities included: HVAC, power, and security.; Unlimited access to the property.
