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    1010 South St Castle Rock, CO 80104

    For Sale
    $914,483

    High-yield warehouse, 7.25% cap rate.

    Property size:
    2,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a single-tenant warehouse building in Castle Rock, Colorado. The property, located at 1010 South St, 80104, boasts 2,100 square feet of main floor space plus a 450-square-foot mezzanine, totaling 2,550 net rentable square feet. Currently leased to a roofing company under a triple-net (NNN) lease with a three-year term, the property offers a strong annual net operating income (NOI) of $66,300, resulting in a compelling 7.25% capitalization rate. The asking price is $914,483, with a price per square foot of $430. The building features a 23' 6.50" ceiling height, energy-efficient LED lighting, insulated masonry construction, and a 14' x 14' overhead door with operators. Additional amenities include finished private restrooms, 24/7 access, wide paved aisles, and a 1,410-square-foot backlot/yard. The property is zoned for Light Industrial, Office, Warehousing, Storage, Flex, and Retail uses, offering versatility for future tenants. Balconies are available on select units. This is an ideal investment for those seeking a stable, high-return property in a desirable location.

    Property Features for 1010 South St

    General Information

    Property type
    Distribution properties
    Square Feet
    2,100 SF

    Building Details

    Units
    1

    HighLights

    • Ideal for small businesses and storage.
    • Insulated masonry construction.
    • 1,410 SF backlot/yard.
    • Energy‑efficient LED lighting.
    • 450 SF mezzanine.
    • Finished private restrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    -104.8472345
    Latitude
    39.369418

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    FAQs

    What type of property is this?
    Distribution property - High-yield warehouse, 7.25% cap rate.
    Where is this distribution property located?
    The property is located at 1010 South St Castle Rock, CO.
    What is the asking price?
    The asking price for this property is $914,483.
    What are key features of this property?
    This property features: Ideal for small businesses and storage.; Insulated masonry construction.; 1,410 SF backlot/yard.
    Request Owner's contact information
    1010 South St Castle Rock, CO 80104
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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
    1010 South St Castle Rock, CO 80104
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