Evergreen Office Building For
32045 Castle Ct Evergreen, CO 80439
32045 Castle Ct, Evergreen, CO, 80439
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For Sale
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Multi-tenant office building in Evergreen, with income potential.
Property Size39,303 SF
Price / SF$152.28
Days on Market1216
Property Features for 32045 Castle Ct
General Information
- Standard status
- Active
- Size
- 39,303 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agency
Genesee Commercial Group
(303) 980-0500
Listed by
Jamie Macbeth · License #CO ER.000877215
Source
Crexi
Added: Mar 24, 2023 Updated: Jul 6 at 7:44AM Checked: Jul 21 at 5:33AM
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 Genesee Commercial Group
Investment Insights
Based on property information with market context.
This multi-tenant office building is available for sale in the north Evergreen/Bergen Park area. The property offers between 14,000 and 20,000 rentable square feet of office space suitable for an owner/user. Existing tenants provide additional income. The building is situated on the south side of Buchanan Ponds, within walking distance of restaurants, retail establishments, and the Evergreen Rec Center. It is located 5-7 minutes from I-70 at El Rancho. The property features a large lot size within an established office park.
Key Highlights
- Significant RSF (14,000 - 20,000) available for owner/user
- Income‑producing property with existing tenants
- Convenient location: walk to restaurants, retail, and Evergreen Rec Center
Local Financial Insights For Office B
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 | $797.1k | $20.28 |
| − Vacancy | −$90.9k | −$2.31 |
| EGI | $706.2k | $17.97 |
| − OpEx | −$176.5k | −$4.49 |
| NOI | $529.6k | $13.48 |
39,303 SF · lease $20.28/SF/yr · vacancy 11.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.57M
$6.62M – $8.83M
NOI $529,650 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$87.46M
$76.53M – $102.04M
NOI $6,122,437 @ 7.0% cap · market cap 102.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Multi-tenant office building in Evergreen, with income potential.
Where is this office building located?
The property is located at 32045 Castle Ct Evergreen, CO.
What is the asking price?
The asking price for this property is $5,985,000.
What are key features of this property?
This property features: Significant RSF (14,000 - 20,000) available for owner/user; Income‑producing property with existing tenants; Convenient location: walk to restaurants, retail, and Evergreen Rec Center
