Duplex Property with Two-Story
For Sale
$500,000
2928 Low Meadow Blvd, Castle Rock, CO 80109
Built in 2020, the property offers open living areas, a private porch, and an attached garage.
Property Size1,817 SF
Price / SF$275.18
Days on Market53
Property Features for 2928 Low Meadow Blvd
General Information
Standard status
Active
Size
1,817 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,758
Amenities
pools
parks
playgrounds
clubhouse facilities
miles of trails
Building Details
Building Size
1,817 SF
Year Built
2020
Buildings
1
Stories
2
Listing Agency:
RE/MAX Professionals
(303) 888-2291
Listed By:
Michael Anderson · License #100053455
(303) 888-2291
Source:
Corken
Added: Jul 9
Changed: Aug 29
Last Checked: Aug 29 at 8:19PM
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 2020-built duplex property includes a two-story residential layout with 1,817 square feet of living space. The main level provides a family room, dining area, office, and kitchen, while the upper level includes a primary suite with private bath, two additional bedrooms, a secondary full bath, laundry, and a loft. The residence also features a front porch, professional landscaping, smart irrigation, a fenced side area with stamped concrete and artificial turf, and an attached two-car garage.
Located at 2928 Low Meadow Blvd in Castle Rock, the property is within The Meadows community. Community amenities include pools, parks, playgrounds, clubhouse facilities, and miles of trails. Shopping, dining, entertainment, and major commuter routes are minutes away, and the property is served by the Douglas County School District.
Located at 2928 Low Meadow Blvd in Castle Rock, the property is within The Meadows community. Community amenities include pools, parks, playgrounds, clubhouse facilities, and miles of trails. Shopping, dining, entertainment, and major commuter routes are minutes away, and the property is served by the Douglas County School District.
Key Highlights
- 2020 construction with 1,817 square feet of living space
- Two‑story layout with 3 bedrooms, 3 baths, office, loft, and upper‑level laundry
- Attached two‑car garage with additional storage capacity
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
$29,953
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
5.99%
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%
$599,060
$599.1K
Cap Rate 7%
$427,900
$427.9K
Cap Rate 9%
$332,811
$332.8K
Market Conditions
NOI Build-Up for 1,817 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
$44.7K $24.60/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$42.8K $23.55/SF
− OpEx
−$12.8K −$7.06/SF
NOI
$30.0K $16.48/SF
Area
Douglas County, CO
Vacancy
4.27%
Lease Rate
$24.60 /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%
$599,060
Cap Rate 7%
$427,900
Cap Rate 9%
$332,811
Alternative Uses
Best Use
Multifamily LT 5
$427.9K
$374.4K – $499.2K
NOI $29,953 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$394.3K
$345.0K – $460.0K
NOI $27,601 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$624.1K
$546.1K – $728.1K
NOI $43,687 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 80109, CO
27,148
Population
9,598
Households
2.8
Avg Household Size
36
Median Age
57%
College-Educated
98%
High-School Grad
26.0 sq mi
ZIP Area
1,044
Density / Sq Mi
$148,417
Median Household Income
$63,640
Median Earnings
$2,245
Median Rent
$648,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2020, the property offers open living areas, a private porch, and an attached garage.
Where is this duplex located?
The property is located at 2928 Low Meadow Blvd 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: 2020 construction with 1,817 square feet of living space; Two‑story layout with 3 bedrooms, 3 baths, office, loft, and upper‑level laundry; Attached two‑car garage with additional storage capacity
