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    Castle Rock Flex/Retail Condo Title is generated by Realmo AI

    2280 Manatt Ct, Castle Rock, CO

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    1,625 SF flex/retail condo in Castle Rock, Colorado.

    Type:INDUSTRIAL
    Property size:
    1,625 SF
    Lot size:
    3.49 Acres
    Price / SF:
    $307/SF
    Added:
    Jun 27, 2023
    Days on Market:
    1083
    Last Refresh:
    May 20 at 9:29 pm

    Property Features for 2280 Manatt Ct

    General Information

    Standard status
    Active
    Size
    1,625 SF
    Lot size
    3.49 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Nick Hier

    Listing agent Nick Hier

    Listing office Hier & Company, Inc

    Listing date Jun 27, 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 Hier & Company, Inc

    HighLights

    • Versatile industrial/retail space suitable for a variety of business uses.
    • High 17' clear height allows for diverse operational needs.
    • Ample 250 Amps/208 Volt/3 Phase power supports demanding equipment.
    • One 10’x10’ drive‑in door facilitates easy loading and unloading.
    • Abundant 138 parking spaces (2.92/1,000 SF) provides ample parking.
    • Proximity to the future Crystal Valley Interchange enhances accessibility.

    Overview

    This 1,625 square foot condo, built in 2016, is suitable for industrial or retail use. It features a clear height of 17 feet and one 10-foot by 10-foot drive-in door. The property is equipped with 250 Amps of 208 Volt, 3-phase power, and HVAC throughout, powered by natural gas. There are 138 parking spaces available, a ratio of 2.92 spaces per 1,000 square feet. Signage is available on the western-facing retail storefront. The property is zoned Planned Development (PD). A future Crystal Valley Interchange is planned for the area.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $48.9k $30.12
    − Vacancy −$1.1k −$0.69
    EGI $47.8k $29.43
    − OpEx −$14.3k −$8.83
    NOI $33.5k $20.60
    1,625 SF · lease $30.12/SF/yr · vacancy 2.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $478.2K
    $418.4K – $557.9K (±1% cap)
    NOI $33,473 @ 7.0% cap · market cap 6.69%
    Second Best
    Industrial
    $331.3K
    $289.9K – $386.5K (±1% cap)
    NOI $23,189 @ 7.0% cap · market cap 4.64%
    Theoretical Best
    Office A
    $558.2K
    $488.4K – $651.2K (±1% cap)
    NOI $39,071 @ 7.0% cap · market cap 7.81%
    Zoning and permitted uses should be independently verified with local authorities.
    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 Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.856
    Latitude
    39.3722

    FAQs

    What type of property is this?
    Flex space - 1,625 SF flex/retail condo in Castle Rock, Colorado.
    Where is this flex space located?
    The property is located at 2280 Manatt Ct Castle Rock, CO.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Versatile industrial/retail space suitable for a variety of business uses.; High 17' clear height allows for diverse operational needs.; Ample 250 Amps/208 Volt/3 Phase power supports demanding equipment.
    (303) 877-0409 Call to check price and availability
    More about this property
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