Immaculately Maintained Medical Office
1161 S Perry St, Castle Rock, CO 80104
Excellent location in Castle Rock, well-maintained medical office building.
Type:Office
Property size:
15,234 SFPrice / SF:
$265/SF- Added:
- Nov 21, 2025
- Days on Market:
- 185
- Last Refresh:
- Apr 5 at 11:42 pm
Property Features for 1161 S Perry St
General Information
- Standard status
- Active
- Size
- 15,234 SF
- Property subtype
- Office
Listing agent Corey Sandberg License #FA100074750 (303) 407-9784
Listing office Pinnacle Real Estate Advisors (303) 407-9784
Listing date Nov 21, 2025
Source Pinnaclerea
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 Pinnacle Real Estate Advisors
HighLights
- Excellent location in high net worth Castle Rock with easy I‑25 access.
- Immaculately maintained medical office buildings built and self‑managed by the sellers.
- Low office inventory/competition, especially for medical offices, in the Castle Rock community.
- Flexible tenancy with a range of large, stable tenants and smaller suites.
- Option to purchase 1175 S Perry individually.
- Serene campus backing to green space and hiking trails.
Overview
Elk Crossing features an immaculately maintained medical office building at 1161 S Perry St (Building C). The sellers, who built this campus, have self-managed it, maintaining high operational standards and keeping the property in excellent condition. This building boasts an excellent location in Castle Rock. The property backs to green space and hiking trails while enjoying easy access to I-25 via the Plum Creek exit. The community of Castle Rock offers low office inventory, especially medical offices. The tenancy of the building provides flexibility, with a range from large, stable tenants to smaller flexible suites. The property has a size of 15234 square feet. Note that 1161 S Perry must be purchased as part of the portfolio.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.95M
NOI $265,469 @ 9.00% cap · cautious / downside scenario
Moderate
$3.79M
NOI $265,469 @ 7.00% cap · market / base-case scenario
Aggressive
$5.31M
NOI $265,469 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $425.9k | $27.96 |
| − Vacancy | −$72.0k | −$4.73 |
| EGI | $354.0k | $23.23 |
| − OpEx | −$88.5k | −$5.81 |
| NOI | $265.5k | $17.43 |
15,234 SF · lease $27.96/SF/yr · vacancy 16.90% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$3.79M
$3.32M – $4.42M
NOI $265,469 @ 7.0% cap · market cap 6.55%
Second Best
Healthcare Medical
$3.12M
$2.73M – $3.64M
NOI $218,630 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$5.23M
$4.58M – $6.10M
NOI $366,281 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Gail L. Cross, ...
Physician
Brightside Dentistry
Dental Office
Douglas County Public ...
Public Defender'S Office
Aspen Reserve Specialties
Association / Organization
Similar Places Nearby
- Blue Spruce Animal Clinic — 101 Briscoe St, Castle Rock, CO 80104
- Sorley Tamara V DVM — 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
Location Insight
- Map
- Local Demand
- City
- Castle Rock
- County
- Douglas
- State
- Colorado
- Longitude
- -104.861
- Latitude
- 39.3597
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Excellent location in Castle Rock, well-maintained medical office building.
Where is this medical office space located?
The property is located at 1161 S Perry St Castle Rock, CO.
What is the asking price?
The asking price for this property is $4,050,000.
What are key features of this property?
This property features: Excellent location in high net worth Castle Rock with easy I‑25 access.; Immaculately maintained medical office buildings built and self‑managed by the sellers.; Low office inventory/competition, especially for medical offices, in the Castle Rock community.
