Flex Space with Heated Garage
For Sale
Contact for pricing
738 AB W Castleton Rd, Castle Rock, CO 80109
Flex live-work setup with two heated garage/shop spaces and in-floor radiant heat plus five overhead drive-in doors.
Property Size4,525 SF
Price / SF$462.98
Days on Market30
Property Features for 738 AB W Castleton Rd
General Information
Standard status
Active
Size
4,525 SF
Property subtype
INDUSTRIAL
Listing Agency:
Realty One Group Premier
(303) 522-8277
Listed By:
Jeffrey Samuelson
(303) 522-8277
Source:
Moodyscre
Added: Jul 1
Changed: Jul 30
Last Checked: Jul 30 at 8:06AM
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 Realty One Group Premier
Investment Insights
Based on property information with market context.
738 Castleton Road is a flex live-work commercial property designed to combine business operations with residential living under one roof. The layout supports a range of uses, including light manufacturing, food production, creative business activities, and service or workshop-style operations.
Two expansive heated garage/shop spaces are equipped with in-floor radiant heat and five overhead drive-in doors, providing practical access and workflow for equipment, vehicles, inventory, and storage. The property’s configuration supports a flexible mix of commercial work areas and residential accommodation.
The location offers quick access to Interstate 25 and Downtown Castle Rock, making it convenient for daily operations and commuting while keeping the property’s integrated live-work functionality.
Two expansive heated garage/shop spaces are equipped with in-floor radiant heat and five overhead drive-in doors, providing practical access and workflow for equipment, vehicles, inventory, and storage. The property’s configuration supports a flexible mix of commercial work areas and residential accommodation.
The location offers quick access to Interstate 25 and Downtown Castle Rock, making it convenient for daily operations and commuting while keeping the property’s integrated live-work functionality.
Key Highlights
- 4,525 SF flex live‑work property combining business and residential living
- Two expansive heated garage/shop spaces with in‑floor radiant heat
- Five overhead drive‑in doors for vehicle and equipment access
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 | $126.5k | $27.96 |
| − Vacancy | −$21.4k | −$4.73 |
| EGI | $105.1k | $23.23 |
| − OpEx | −$26.3k | −$5.81 |
| NOI | $78.9k | $17.43 |
4,525 SF · lease $27.96/SF/yr · vacancy 16.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.13M
$985.7K – $1.31M
NOI $78,853 @ 7.0% cap · market cap 3.76%
Second Best
Industrial
$922.5K
$807.2K – $1.08M
NOI $64,574 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,798 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Well-served
Demand for This Use
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex live-work setup with two heated garage/shop spaces and in-floor radiant heat plus five overhead drive-in doors.
Where is this flex space located?
The property is located at 738 AB W Castleton Rd Castle Rock, CO.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: 4,525 SF flex live‑work property combining business and residential living; Two expansive heated garage/shop spaces with in‑floor radiant heat; Five overhead drive‑in doors for vehicle and equipment access
