Castle Rock Retail
For Sale
$12,250,000
675 Genoa Way, Castle Rock, CO 80109
Retail property in Castle Rock, Colorado, near I-25.
Property Size27,395 SF
Price / SF$447.16
Days on Market276
Property Features for 675 Genoa Way
General Information
Standard status
Active
Size
27,395 SF
Property subtype
Retail
Building Details
Building Size
27,395 SF
Year Built
2004
Listing Agency:
Pinnacle Real Estate Advisors
(303) 263-7663
Listed By:
Levi Saxen · License #FA100098266
(303) 263-7663
Source:
Pinnaclerea
Added: Nov 21, 2025
Changed: Aug 13
Last Checked: Aug 24 at 4:06AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
Located in Castle Rock, Colorado, this 27395-square-foot retail property benefits from its proximity to I-25 and outlet malls. The property features a new roof and updated interior lights. An exterior LED screen faces the I-25 off-ramp. The property is located in a vibrant community with access to dining, boutique shops, and cultural events in the downtown area. The operator of Bubbles Liquor World and Tiny Bubbles liquor stores have extensive experience in the retail liquor industry, successfully managing two prominent locations that have served the Castle Rock community since 2010. The retail vacancy in the market is 1.7%.
Key Highlights
- High‑visibility location with exterior LED screen facing I‑25 off‑ramp.
- Located in the vibrant community of Castle Rock, CO with access to amenities.
- Proximity to I‑25 and Outlet Malls.
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
$564,311
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
4.61%
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%
$11,286,220
$11.3M
Cap Rate 7%
$8,061,586
$8.1M
Cap Rate 9%
$6,270,122
$6.3M
Market Conditions
NOI Build-Up for 27,395 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
$825.1K $30.12/SF
− Vacancy
−$19.0K −$0.69/SF
EGI
$806.2K $29.43/SF
− OpEx
−$241.8K −$8.83/SF
NOI
$564.3K $20.60/SF
Area
Douglas County, CO
Vacancy
2.30%
Lease Rate
$30.12 /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%
$11,286,220
Cap Rate 7%
$8,061,586
Cap Rate 9%
$6,270,122
Alternative Uses
Best Use
Retail
$8.06M
$7.05M – $9.41M
NOI $564,311 @ 7.0% cap · market cap 4.61%
Second Best
Specialty Retail
$8.03M
$7.02M – $9.36M
NOI $561,835 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$9.41M
$8.23M – $10.98M
NOI $658,677 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
739k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 22%
Apparel 19%
Home Improvements & Furnishings 14%
McDonald's
Dining
43,213 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
37,985 visits/mo
0.5 miles
Loaf 'N Jug
Shops & Services
37,833 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
31,982 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
31,325 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property in Castle Rock, Colorado, near I-25.
Where is this retail space located?
The property is located at 675 Genoa Way Castle Rock, CO.
What is the asking price?
The asking price for this property is $12,250,000.
What are key features of this property?
This property features: High‑visibility location with exterior LED screen facing I‑25 off‑ramp.; Located in the vibrant community of Castle Rock, CO with access to amenities.; Proximity to I‑25 and Outlet Malls.
