Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1242 N Faver Dr Castle Rock, CO 80109

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $899,900

    Expansive 13.4-acre property with stunning views and valuable resources.

    Lot size:
    13.41 Acres

    Property Features for 1242 N Faver Dr

    General Information

    Standard status
    Active
    Lot size
    13.41 Acres

    We can help!

    Listing Contact
    Christopher Sexton
    Source: Corcoran

    Listing Agency: S.O.S. REALTY Listing Agent: Christopher Sexton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    13.4 Acres in Castle Rock

    This expansive 13.4-acre property is located in Castle Rock, Colorado, and offers panoramic scenery and natural beauty. A private driveway, exceeding 1,000 feet in length, provides seclusion and access to the land. The property includes a well that reaches two aquifers, ensuring a reliable water source. It is suitable for off-the-grid living or connection to existing utilities.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Hair Salon Building Supply Gym & Fitness Center Pharmacy Accounting Firm Daycare Center Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.9156883
    Latitude
    39.3832641

    Nearby Similar for Sale

    • $1,650,000
      0.16 Acres

      Downtown Castle Rock Mixed-Use Property

      Live-work opportunity in a prime, highly visible downtown location.
      422 Elbert St, Castle Rock, CO 80104
      View Details
    • $395,000
      757 SF

      Luxury Garage Condo with Loft

      Premium flex space with garage, loft, and community clubhouse.
      1931 Liggett Rd, Castle Rock, CO 80109
      View Details
    • $995,000

      Charming Cottage-Style Office in Castle Rock

      Unique office space in a sought-after Castle Rock location.
      706 Wilcox St, Castle Rock, CO 80104
      View Details
    • $5,675,000
      20,674 SF

      Immaculate Medical Office Building

      Well-maintained medical office building in desirable Castle Rock location.
      1175 S Perry St, Castle Rock, CO 80104
      View Details
    • $829,900
      3,634 SF

      Versatile Industrial Condo in Castle Rock

      3,600 SF double-unit industrial condo in growing Douglas County.
      2274 Manatt Ct #A01, Castle Rock, CO 80104
      View Details
    • $1,125,000

      Office Building For Sale

      Office building available for purchase in Castle Rock, Colorado.
      515 Jerry St, Castle Rock, CO 80104
      View Details
    • $140,000

      Established Nail Spa and Salon

      Nail spa and salon in a rapidly growing community.
      5646 Allen Way, Castle Rock, CO 80108
      View Details
    • $5,400,000

      Prime Location with I-25 Exposure

      Highly visible Castle Rock property with easy I-25 access.
      820 Wilcox St, Castle Rock, CO 80104
      View Details
    • $4,050,000
      15,234 SF

      Immaculately Maintained Medical Office Building

      Excellent location in Castle Rock, well-maintained medical office building.
      1161 S Perry St, Castle Rock, CO 80104
      View Details
    • $12,250,000
      27,395 SF

      Castle Rock Retail Opportunity

      Retail property in Castle Rock, Colorado, near I-25.
      675 Genoa Way, Castle Rock, CO 80109
      View Details
    • Contact for pricing
      15,234 SF

      Castle Rock Office Space

      Office property for sale in Castle Rock, Colorado.
      1189 South Perry St, Castle Rock, CO 80104
      View Details
    • $399,000

      Garage Condo with Modern Amenities

      Move-in ready garage condo with storage, workspace, and flexibility.
      4390 Regent St, Castle Rock, CO 80108
      View Details

    FAQs

    What type of property is this?
    Land - Expansive 13.4-acre property with stunning views and valuable resources.
    Where is this land located?
    The property is located at 1242 N Faver Dr Castle Rock, CO.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: - Expansive 13.4-acre property in Castle Rock, CO; - Well with access to 2 aquifers, ensuring a reliable water source; - Stunning panoramic views
    (303) 550-7879
    Request Owner's contact information
    1242 N Faver Dr Castle Rock, CO 80109
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1242 N Faver Dr
    Castle Rock, CO 80109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1242 N Faver Dr Castle Rock, CO 80109
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christopher Sexton
    (303) 550-7879 (303) 948-4860
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!