Castle Rock Flex/Retail
2280 Manatt Ct D02 Castle Rock, CO
For Sale
Contact for pricing
1,625 SF flex/retail condo in Castle Rock, Colorado.
Property Size1,625 SF
Lot Size3.49 Acres
Price / SF$307.69
Days on Market1129
Property Features for 2280 Manatt Ct D02
General Information
Standard status
Active
Size
1,625 SF
Lot size
3.49 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Hier & Company, Inc
(303) 877-0409
Listed By:
Nick Hier
(303) 877-0409
Source:
Moodyscre
Added: Jun 27, 2023
Changed: Jul 10
Last Checked: Jul 28 at 5:58AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $33,473 @ 7.0% cap · market cap 6.69%
Second Best
Industrial
$331.3K
$289.9K – $386.5K
NOI $23,189 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$558.2K
$488.4K – $651.2K
NOI $39,071 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Stack'd Food Truck — 107 E Wolfensberger Rd, Castle Rock, CO 80109
Frequently Asked Questions
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 D02 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.
