Commercial Condominium Flex/Industrial
For Sale
Contact for pricing
2280 Manatt Ct D02, Castle Rock, CO 80104
Unit D02 offers flexible storage and showroom or service use with straightforward access to I-25.
Property Size1,625 SF
Price / SF$337.54
Days on Market121
Property Features for 2280 Manatt Ct D02
General Information
Standard status
Active
Size
1,625 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Quiver Investments, LLC
(720) 599-6200
Listed By:
John Witt · License #ER.100037978
(303) 748-8390
Source:
Moodyscre
Added: May 15
Changed: Aug 16
Last Checked: Sep 11 at 12:15PM
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 Quiver Investments, LLC
Investment Insights
Based on property information with market context.
Unit D02 at 2280 Manatt Court is a commercial condominium offering practical flex-style space for businesses needing storage, retail showroom, industrial, or service-oriented functionality. The unit totals 1,625 square feet and is configured as an individual condominium unit within the larger property.
The location provides convenient access to I-25 through the Plum Creek Avenue interchange. A second interchange at Crystal Valley Parkway is planned to open in 2027, adding another connection point to the area.
Overall, the setup supports a wide range of commercial uses where a compact, standalone condominium unit can be a fit for day-to-day operations.
The location provides convenient access to I-25 through the Plum Creek Avenue interchange. A second interchange at Crystal Valley Parkway is planned to open in 2027, adding another connection point to the area.
Overall, the setup supports a wide range of commercial uses where a compact, standalone condominium unit can be a fit for day-to-day operations.
Key Highlights
- Commercial condominium unit D02 at 2280 Manatt Court near downtown Castle Rock
- Flexible business use for storage, retail showroom, industrial, and service‑oriented operations
- Easy access to I‑25 via the Plum Creek Avenue interchange
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,189
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$463,780
$463.8K
Cap Rate 7%
$331,271
$331.3K
Cap Rate 9%
$257,656
$257.7K
Market Conditions
NOI Build-Up for 1,625 SF
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.
Gross rent
$33.7K $20.76/SF
− Vacancy
−$607 −$0.37/SF
EGI
$33.1K $20.39/SF
− OpEx
−$9.9K −$6.12/SF
NOI
$23.2K $14.27/SF
Area
Douglas County, CO
Vacancy
1.80%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$463,780
Cap Rate 7%
$331,271
Cap Rate 9%
$257,656
Alternative Uses
Best Use
Industrial
$331.3K
$289.9K – $386.5K
NOI $23,189 @ 7.0% cap · market cap 4.23%
Second Best
Flex RnD
$302.9K
$265.1K – $353.4K
NOI $21,204 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$558.2K
$488.4K – $651.2K
NOI $39,071 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,620
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80104, CO
34,727
Population
13,945
Households
2.5
Avg Household Size
38
Median Age
54%
College-Educated
97%
High-School Grad
70.7 sq mi
ZIP Area
491
Density / Sq Mi
$131,359
Median Household Income
$60,982
Median Earnings
$1,816
Median Rent
$586,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Stack'd Food Truck — 107 E Wolfensberger Rd, Castle Rock, CO 80109
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Frequently Asked Questions
What type of property is this?
Flex space - Unit D02 offers flexible storage and showroom or service use with straightforward access to I-25.
Where is this flex space located?
The property is located at 2280 Manatt Ct D02 Castle Rock, CO.
What is the asking price?
The asking price for this property is $548,500.
What are key features of this property?
This property features: Commercial condominium unit D02 at 2280 Manatt Court near downtown Castle Rock; Flexible business use for storage, retail showroom, industrial, and service‑oriented operations; Easy access to I‑25 via the Plum Creek Avenue interchange
