Evergreen Class A Office Building

32135 Castle Ct, Evergreen, CO

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For Sale

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Fully leased Class A office building in Evergreen, Colorado.

Type:OFFICE

Property size:

20,890 SF

Lot size:

1.54 Acres

Price / SF:

$169/SF

HighLights

Fully stabilized, 100% leased Class A office building.
Strong, long‑term tenant roster with a majority (more than 75%) comprised of medical and healthcare providers.
Recession‑resistant income.
Excellent visibility from Evergreen Parkway and minutes from I‑70.
Limited competitive inventory in the area.
Immediate cash flow and minimal management headaches.

We can help!

Listing Contact

Jason Parker

For Sale

Contact for pricing

Fully leased Class A office building in Evergreen, Colorado.

Type:OFFICE

Property size:

20,890 SF

Lot size:

1.54 Acres

Price / SF:

$169/SF

Added:: Nov 15, 2023
Days on Market:: 941
Last Refresh:: May 20 at 9:22 pm

Property Features for 32135 Castle Ct

General Information

Standard status: Active
Size: 20,890 SF
Lot size: 1.54 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Jason Parker

Listing agent Jason Parker License #100023261

Listing office Colorado Commercial Advisors

Listing date Nov 15, 2023

Source Moodyscre

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 Colorado Commercial Advisors

HighLights

Fully stabilized, 100% leased Class A office building.
Strong, long‑term tenant roster with a majority (more than 75%) comprised of medical and healthcare providers.
Recession‑resistant income.
Excellent visibility from Evergreen Parkway and minutes from I‑70.
Limited competitive inventory in the area.
Immediate cash flow and minimal management headaches.

Overview

This is a fully stabilized, 100% leased Class A office building located in Evergreen, Colorado. The property is professionally managed and features a strong, long-term tenant roster. A majority (more than 75%) of the tenants are medical and healthcare providers. The property is strategically positioned with excellent visibility from Evergreen Parkway and is just minutes from I-70. The property benefits from consistent tenant demand and limited competitive inventory in the area. The building has a total property size of 20890 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$423.6k	$20.28
− Vacancy	−$48.3k	−$2.31
EGI	$375.4k	$17.97
− OpEx	−$93.8k	−$4.49
NOI	$281.5k	$13.48

20,890 SF · lease $20.28/SF/yr · vacancy 11.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.02M

$3.52M – $4.69M (±1% cap)

NOI $281,515 @ 7.0% cap · market cap 7.93%

Second Best

Healthcare Medical

$4.02M

$3.51M – $4.69M (±1% cap)

NOI $281,182 @ 7.0% cap · market cap 7.92%

Theoretical Best

Multifamily LT 5

$46.49M

$40.68M – $54.24M (±1% cap)

NOI $3,254,146 @ 7.0% cap · market cap 91.67%

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

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Similar Places Nearby

Circle of Animals, LLC — Evergreen, CO 80437
Blue Spruce Animal Hospital — 27882 Meadow Dr #107, Evergreen, CO 80439

Location Insight

Map
Local Demand

City: Evergreen
County: Jefferson
State: Colorado
Longitude: -105.32
Latitude: 39.63

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What type of property is this?

Medical Office Space - Fully leased Class A office building in Evergreen, Colorado.

Where is this medical office space located?

The property is located at 32135 Castle Ct Evergreen, CO.

What is the asking price?

The asking price for this property is $3,550,000.

What are key features of this property?

This property features: Fully stabilized, 100% leased Class A office building.; Strong, long‑term tenant roster with a majority (more than 75%) comprised of medical and healthcare providers.; Recession‑resistant income.