Duplex
For Sale
$485,000
4298 N Meadows Dr, Castle Rock, CO 80109
Multi-level property with a granite kitchen, open living areas, patio access, and an unfinished basement for flexible use.
Property Size1,503 SF
Days on Market16
Property Features for 4298 N Meadows Dr
General Information
Standard status
Active
Size
1,503 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,566
Building Details
Building Size
1,503 SF
Year Built
2016
Listing Agency:
Keller Williams Action Realty LLC
(720) 838-1168
Listed By:
Angela Jackman
(720) 838-1168
Source:
Corken
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 29 at 3:16PM
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 Keller Williams Action Realty LLC
Investment Insights
Based on property information with market context.
This 2016-built duplex property features a multi-level layout with open living and dining areas, wood flooring, and a gas wraparound fireplace. The kitchen includes granite countertops and a bar-seating counter, while the adjacent patio extends the main-level living area outdoors. A laundry room, mudroom, powder bath, and garage add practical functionality.
The upper level includes a primary suite with a walk-in closet and en suite bathroom, a second bedroom, a full secondary bathroom, and a loft suitable for office or living use. A large unfinished basement provides additional space for a gym, hobby room, or workshop. The property is near Native Legends Open Space, community pools, playgrounds, a dog park, schools, shopping, dining, and I-25.
The upper level includes a primary suite with a walk-in closet and en suite bathroom, a second bedroom, a full secondary bathroom, and a loft suitable for office or living use. A large unfinished basement provides additional space for a gym, hobby room, or workshop. The property is near Native Legends Open Space, community pools, playgrounds, a dog park, schools, shopping, dining, and I-25.
Key Highlights
- 2016‑built duplex property at 4298 N Meadows Dr, Castle Rock, CO 80109
- Open‑concept living and dining areas with wood floors and gas wraparound fireplace
- Kitchen with granite countertops and bar‑seating counter
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
$24,777
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
5.11%
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%
$495,540
$495.5K
Cap Rate 7%
$353,957
$354.0K
Cap Rate 9%
$275,300
$275.3K
Market Conditions
NOI Build-Up for 1,503 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
$37.0K $24.60/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$35.4K $23.55/SF
− OpEx
−$10.6K −$7.06/SF
NOI
$24.8K $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%
$495,540
Cap Rate 7%
$353,957
Cap Rate 9%
$275,300
Alternative Uses
Best Use
Multifamily LT 5
$354.0K
$309.7K – $413.0K
NOI $24,777 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$326.2K
$285.4K – $380.5K
NOI $22,831 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$516.3K
$451.7K – $602.3K
NOI $36,138 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
584
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 - Multi-level property with a granite kitchen, open living areas, patio access, and an unfinished basement for flexible use.
Where is this duplex located?
The property is located at 4298 N Meadows Dr Castle Rock, CO.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2016‑built duplex property at 4298 N Meadows Dr, Castle Rock, CO 80109; Open‑concept living and dining areas with wood floors and gas wraparound fireplace; Kitchen with granite countertops and bar‑seating counter
