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 Market124
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) 332-3800
Listed By:
Jeffrey Samuelson
(303) 522-8277
Source:
Moodyscre
Added: Jul 1
Changed: Oct 26
Last Checked: Oct 30 at 2:24PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$78,853
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,060
$1.6M
Cap Rate 7%
$1,126,471
$1.1M
Cap Rate 9%
$876,144
$876.1K
Market Conditions
NOI Build-Up for 4,525 SF
Gross rent
$126.5K $27.96/SF
− Vacancy
−$21.4K −$4.73/SF
EGI
$105.1K $23.23/SF
− OpEx
−$26.3K −$5.81/SF
NOI
$78.9K $17.43/SF
Area
Douglas County, CO
Vacancy
16.90%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,060
Cap Rate 7%
$1,126,471
Cap Rate 9%
$876,144
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.
How Realmo checks its estimates
Property Analytics
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Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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
