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    & Castle Oaks Parker Rd Centennial, CO 80116

    Sponsored
    For Sale
    $2,499,000

    Prime 13-acre commercial site in Douglas County

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13-acre commercial land parcel presents a unique investment opportunity in Franktown, Colorado. Strategically located at the southwest corner of South Parker Road (Highway 83) and Castle Oaks Drive, approximately two miles north of Franktown, this property enjoys high visibility and accessibility. The intersection at Castle Oaks Drive is fully lighted, enhancing its appeal for commercial development. The Town of Castle Rock is anticipated to view a commercial development application favorably for this site. Preliminary assessments suggest that water, sewer, and drainage services are readily available through the local water and sanitation district. A significant cost savings opportunity exists with readily available excess fill dirt from a master developer at a nominal cost; however, engineering and compaction would be the buyer's responsibility. Currently zoned Agricultural (AG) in Douglas County, this property boasts remarkably low 2021 property taxes estimated at only $14. The Assessor Parcel Number is 2349-270-00-003, and the Assessor Account Number is R0353102. This prime location, coupled with its potential for commercial development and low tax burden, makes this a compelling investment opportunity priced at $2,499,000. The property's address is S. Parker Rd. & Castle Oaks, Franktown, CO 80116.

    Property Features for & Castle Oaks Parker Rd

    General Information

    Property type
    Land
    Lot Size
    566,280 SF

    HighLights

    • $2,499,000 asking price.
    • 13‑acre commercial land parcel.
    • Agricultural (AG) zoning in Douglas County, CO.
    • Located at the southwest corner of S. Parker Rd. (Hwy 83) and Castle Oaks Dr., approximately 2 miles north of Franktown.
    • APN: 2349‑270‑00‑003.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Centennial
    County
    Douglas
    State
    Colorado
    Longitude
    -104.7919441
    Latitude
    39.5763055

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    FAQs

    What type of property is this?
    Land - Prime 13-acre commercial site in Douglas County
    Where is this land located?
    The property is located at & Castle Oaks Parker Rd Centennial, CO.
    What is the asking price?
    The asking price for this property is $2,499,000.
    What are key features of this property?
    This property features: $2,499,000 asking price.; 13-acre commercial land parcel.; Agricultural (AG) zoning in Douglas County, CO.
    (800) 754-0544
    Request Owner's contact information
    & Castle Oaks Parker Rd Centennial, CO 80116
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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

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    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
    & Castle Oaks Parker Rd Centennial, CO 80116
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