Restaurant Redevelopment
826 New Memphis Ct Castle Rock, CO 80108
826 New Memphis Ct, Castle Rock, CO, 80108
$2,600,000
For Sale
$2,600,000
Former Kneaders Bakery & Cafe available as an owner-user or redevelopment opportunity within Promenade at Castle Rock.
Property Size3,995 SF
Price / SF$650.81
Days on Market111
Property Features for 826 New Memphis Ct
General Information
- Standard status
- Active
- Size
- 3,995 SF
- Property subtype
- Restaurant
Listing agency
Marcus & Millichap - Denver
(303) 328-2000
Listed by
Adam Lewis · License #License(s) CO: ER100091205
(303) 328-2000
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 22 at 6:18AM Checked: Jul 22 at 6:18AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
The subject property is a former Kneaders Bakery & Cafe, offered as an owner-user or redevelopment opportunity. The asset is being presented for sale in its existing restaurant-related configuration.
The property is located within the Promenade at Castle Rock, as noted in the seller’s remarks.
Information on the building’s layout, specific improvements, or condition is not provided in the available materials.
The property is located within the Promenade at Castle Rock, as noted in the seller’s remarks.
Information on the building’s layout, specific improvements, or condition is not provided in the available materials.
Key Highlights
- Former Kneaders Bakery & Cafe space available for owner‑user or redevelopment
- Located within Promenade at Castle Rock
Local Financial Insights For Specialty Retail
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 | $111.7k | $27.96 |
| − Vacancy | −$2.5k | −$0.62 |
| EGI | $109.2k | $27.34 |
| − OpEx | −$27.3k | −$6.84 |
| NOI | $81.9k | $20.51 |
3,995 SF · lease $27.96/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.02M – $1.37M
NOI $81,932 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,055 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kneaders Bakery & Cafe
Cafe & Coffee Shop
Castle Rock
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Former Kneaders Bakery & Cafe available as an owner-user or redevelopment opportunity within Promenade at Castle Rock.
Where is this conventional restaurant located?
The property is located at 826 New Memphis Ct Castle Rock, CO.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Former Kneaders Bakery & Cafe space available for owner‑user or redevelopment; Located within Promenade at Castle Rock
