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    1008 South St Castle Rock, CO 80104

    Sponsored
    For Sale
    $523,544

    Pre-leased industrial unit; high cap rate.

    Property size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a pre-leased 1,590-square-foot flex space located at 1008 South I-25 Unit B09, Castle Rock, CO 80104. The property, zoned for light industrial use, boasts a compelling 8.5% cap rate and a strong net operating income (NOI) of $39,750, projected to increase to $44,501. The asking price is $523,544.47, translating to a price per square foot of $436.29. Currently under a triple-net (NNN) lease with a single tenant for three years, commencing June 1, 2024, and expiring May 31, 2027, this property offers a secure and profitable investment. Key features include a 24' 1.625" ceiling height, energy-efficient LED lighting, insulated masonry construction, and mezzanines for added space. Additional amenities include finished private restrooms, 24/7 access, wide paved aisles, and a 4' x 14' overhead door with operators. The property's versatile design makes it ideal for a variety of small businesses, offering customizable interiors and ample storage space. This is a cost-effective solution for business owners and investors, offering tax benefits and the potential for significant equity growth. The property consists of 37 units.

    Property Features for 1008 South St

    General Information

    Property type
    Office space
    Square Feet
    1,200 SF

    Building Details

    Units
    37

    HighLights

    • $523,544.47 asking price for a net‑leased creative office/flex space.
    • 1,590 square feet of net rentable space in a 1,200 square foot building.
    • 8.5% cap rate with a $39,750 NOI.
    • Located at 1008 South I‑25 Unit B09, Castle Rock, CO 80104.
    • Features include 24' ceilings, insulated masonry construction, LED lighting, mezzanines, private restrooms, and a 14'x4' overhead door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.8473161
    Latitude
    39.3694103

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    FAQs

    What type of property is this?
    Office space - Pre-leased industrial unit; high cap rate.
    Where is this office space located?
    The property is located at 1008 South St Castle Rock, CO.
    What is the asking price?
    The asking price for this property is $523,544.
    What are key features of this property?
    This property features: $523,544.47 asking price for a net-leased creative office/flex space.; 1,590 square feet of net rentable space in a 1,200 square foot building.; 8.5% cap rate with a $39,750 NOI.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1008 South St Castle Rock, CO 80104
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