Castle Rock Industrial Condo
2274 Manatt Ct A01 & A02 Castle Rock, CO 80104
For Sale
$829,900
Pending
3,600 SF industrial condo in growing Castle Rock corridor.
Property Size3,600 SF
Days on Market95
Property Features for 2274 Manatt Ct A01 & A02
General Information
- Standard status
- Pending
- Size
- 3,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2017
Listing Agency:
RE/MAX PROFESSIONALS
(303) 799-9898
Listed By:
David Richins · License #3375878
(303) 799-9898
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 10:10AM
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 RE/MAX PROFESSIONALS
Investment Insights
Based on property information with market context.
This 3,600 square foot double-unit industrial condo is located in Castle Rock, Colorado, within the growing Douglas County commercial corridor. It is situated minutes from the newly constructed on/off ramp of I-25. The flexible commercial space includes a mezzanine office area and a large open warehouse/workshop floor. It features two 10-foot roll-up overhead doors and a main-level half bath. The property is suitable for small business operations, contractor shop use, light manufacturing, storage, distribution, hobby space, or retail/showroom configuration. Ample on-site parking is available, with the potential for additional leased parking. High-visibility signage opportunities are present for business exposure. The location offers convenient access to major transportation routes, expanding residential communities, and South Denver metro business centers. The combined HOA dues for both units are $840 per month.
Key Highlights
- 3,600 sq ft double‑unit industrial condo in a growing commercial corridor near I‑25.
- Mezzanine office area and large open warehouse/workshop floor.
- Two 10‑ft roll‑up overhead doors and a main‑level half bath.
Financial Insights For Industrial
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 | $74.7k | $20.76 |
| − Vacancy | −$1.3k | −$0.37 |
| EGI | $73.4k | $20.39 |
| − OpEx | −$22.0k | −$6.12 |
| NOI | $51.4k | $14.27 |
3,600 SF · lease $20.76/SF/yr · vacancy 1.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$733.9K
$642.2K – $856.2K
NOI $51,374 @ 7.0% cap · market cap 6.19%
Second Best
Flex RnD
$671.1K
$587.2K – $782.9K
NOI $46,975 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,557 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Stack'd Food Truck — 107 E Wolfensberger Rd, Castle Rock, CO 80109
- Plum Creek Catering — 1605. N, Park St, Castle Rock, CO 80109
FAQs
What type of property is this?
Flex space - 3,600 SF industrial condo in growing Castle Rock corridor.
Where is this flex space located?
The property is located at 2274 Manatt Ct A01 & A02 Castle Rock, CO.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: 3,600 sq ft double‑unit industrial condo in a growing commercial corridor near I‑25.; Mezzanine office area and large open warehouse/workshop floor.; Two 10‑ft roll‑up overhead doors and a main‑level half bath.
