Paired Duplex Home with
For Sale
$495,000
2979 Low Meadow Blvd, Castle Rock, CO 80109
Two-level paired home with updated finishes, fenced outdoor space, and community amenities near shopping, dining, and I-25.
Property Size1,741 SF
Price / SF$284.32
Days on Market22
Property Features for 2979 Low Meadow Blvd
General Information
Standard status
Active
Size
1,741 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,715
Amenities
community pools
parks
playgrounds
trails
fenced backyard
Building Details
Building Size
1,741 SF
Year Built
2019
Listing Agency:
Epique Realty
(303) 390-0740
Listed By:
Andrea Malone
(303) 390-0740
Source:
Corken
Added: Aug 9
Changed: Aug 30
Last Checked: Aug 30 at 3:00AM
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 Epique Realty
Investment Insights
Based on property information with market context.
Built in 2019, this 1,741-square-foot paired duplex home offers a two-level layout with an open main floor, living and dining areas, and wood-look plank flooring. The kitchen includes white shaker cabinetry, dark countertops, stainless steel appliances, a center island, pendant lighting, and a decorative backsplash.
The upper level contains a primary suite with a walk-in closet and private bath featuring dual sinks and an upgraded walk-in shower. Two additional bedrooms, a full bathroom, laundry, and a loft provide flexible interior space. Outdoor features include a fenced backyard, artificial turf, and landscaped areas, while the attached two-car garage adds on-site parking.
Located in The Meadows of Castle Rock, the property has access to community pools, parks, playgrounds, trails, shopping, dining, and I-25.
The upper level contains a primary suite with a walk-in closet and private bath featuring dual sinks and an upgraded walk-in shower. Two additional bedrooms, a full bathroom, laundry, and a loft provide flexible interior space. Outdoor features include a fenced backyard, artificial turf, and landscaped areas, while the attached two-car garage adds on-site parking.
Located in The Meadows of Castle Rock, the property has access to community pools, parks, playgrounds, trails, shopping, dining, and I-25.
Key Highlights
- 1,741 finished square feet with an open‑concept main level
- Built in 2019 with wood‑look plank flooring throughout
- Kitchen includes stainless steel appliances, center island, and white shaker cabinetry
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
$28,700
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
5.80%
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%
$574,000
$574.0K
Cap Rate 7%
$410,000
$410.0K
Cap Rate 9%
$318,889
$318.9K
Market Conditions
NOI Build-Up for 1,741 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
$42.8K $24.60/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$41.0K $23.55/SF
− OpEx
−$12.3K −$7.06/SF
NOI
$28.7K $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%
$574,000
Cap Rate 7%
$410,000
Cap Rate 9%
$318,889
Alternative Uses
Best Use
Multifamily LT 5
$410.0K
$358.8K – $478.3K
NOI $28,700 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$377.8K
$330.6K – $440.8K
NOI $26,446 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$598.0K
$523.3K – $697.7K
NOI $41,860 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
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 - Two-level paired home with updated finishes, fenced outdoor space, and community amenities near shopping, dining, and I-25.
Where is this duplex located?
The property is located at 2979 Low Meadow Blvd Castle Rock, CO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,741 finished square feet with an open‑concept main level; Built in 2019 with wood‑look plank flooring throughout; Kitchen includes stainless steel appliances, center island, and white shaker cabinetry
