Updated Duplex with Attached
For Sale
$464,900
6052 Wescroft Ave, Castle Rock, CO 80104
Renovated interiors feature an open main level, stainless steel appliances, upper-level laundry, and a two-car attached garage.
Property Size1,699 SF
Days on Market19
Property Features for 6052 Wescroft Ave
General Information
Standard status
Active
Size
1,699 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,168
Building Details
Building Size
1,699 SF
Year Built
2005
Listing Agency:
Compass - Denver
(303) 717-0030
Listed By:
Maddi Abercrombie
(303) 717-0030
Source:
Corken
Added: Aug 13
Changed: Aug 30
Last Checked: Aug 30 at 9:21PM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This duplex, constructed in 2005, offers an updated residence with an open main level designed around everyday living and entertaining. Interior features include LVP flooring, a gas fireplace, neutral paint, built-in details, and a kitchen with stainless steel appliances, refreshed cabinetry and hardware, and a large pantry. The upper floor includes a primary bedroom with a full bathroom and walk-in closet, two additional bedrooms, another full bathroom, and a dedicated laundry room. An attached two-car garage and backyard with a stamped concrete patio and full sprinkler system add practical functionality. A new hot water heater has also been installed.
The property is in Castlewood Ranch, with Mitchel Gulch Park located down the street and Lost Canyon Open Space approximately 5 minutes away. Downtown Castle Rock is about 10 minutes away, while Flagstone Elementary School is less than a mile from the property. I-25 provides access to Denver and Colorado Springs.
The property is in Castlewood Ranch, with Mitchel Gulch Park located down the street and Lost Canyon Open Space approximately 5 minutes away. Downtown Castle Rock is about 10 minutes away, while Flagstone Elementary School is less than a mile from the property. I-25 provides access to Denver and Colorado Springs.
Key Highlights
- Duplex property built in 2005
- Open‑concept main level with LVP flooring and gas fireplace
- Kitchen includes stainless steel appliances, updated cabinetry, hardware, and large pantry
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
$28,008
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
6.02%
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%
$560,160
$560.2K
Cap Rate 7%
$400,114
$400.1K
Cap Rate 9%
$311,200
$311.2K
Market Conditions
NOI Build-Up for 1,699 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
$41.8K $24.60/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$40.0K $23.55/SF
− OpEx
−$12.0K −$7.06/SF
NOI
$28.0K $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%
$560,160
Cap Rate 7%
$400,114
Cap Rate 9%
$311,200
Alternative Uses
Best Use
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,008 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$368.7K
$322.6K – $430.1K
NOI $25,808 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$583.6K
$510.6K – $680.8K
NOI $40,850 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 80104, CO
34,727
Population
13,945
Households
2.5
Avg Household Size
38
Median Age
54%
College-Educated
97%
High-School Grad
70.7 sq mi
ZIP Area
491
Density / Sq Mi
$131,359
Median Household Income
$60,982
Median Earnings
$1,816
Median Rent
$586,800
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 - Renovated interiors feature an open main level, stainless steel appliances, upper-level laundry, and a two-car attached garage.
Where is this duplex located?
The property is located at 6052 Wescroft Ave Castle Rock, CO.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: Duplex property built in 2005; Open‑concept main level with LVP flooring and gas fireplace; Kitchen includes stainless steel appliances, updated cabinetry, hardware, and large pantry
