Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    610 Jerry St Castle Rock, CO 80104

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Mixed-use development with parking structure, completion scheduled for 2024.

    Type:Retail, Office
    Property size:
    201,000 SF
    Added:
    Jan 9, 2023
    Days on Market:
    1193
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 610 Jerry St

    General Information

    Standard status
    Active
    Size
    201,000 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 610 Jerry St Contact us

    We can help!

    Listing Contact
    Matt Kulbe

    Listing agent Matt Kulbe License #CO FA.100014080

    Listing office NavPoint Real Estate Group

    Listing date Jan 9, 2023

    Source Crexi

    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 NavPoint Real Estate Group

    Overview

    Mixed-Use Development in Castle Rock

    This mixed-use redevelopment project, named The View, is a public-private partnership involving the Town of Castle Rock, the Downtown Development Authority, and Castle Rock Development. The project, spanning 201,000 square feet, is scheduled for completion in 2024. It includes a 399-space parking structure, which will provide 100 new spaces for visitors and patrons of downtown Castle Rock. The six-story development is located at Sixth and Jerry Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    View at Castle Rock Apartment Building RCR Construction Hardware & Home Improvement

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.860979
    Latitude
    39.3755669

    Nearby Similar for Lease

    • $22/mo

      Premier Office Leasing Opportunity

      Modern office space in a vibrant Castle Rock location.
      1 Oakwood Park, Castle Rock, CO 80104
      View Details
    • $24/mo

      Retail/Office Space Near Downtown

      Well-maintained retail or office suite near downtown Castle Rock.
      1263 Park Street, Castle Rock, CO 80109
      View Details
    • $24/mo

      Downtown Castle Rock Retail Space

      Retail space in the heart of downtown Castle Rock.
      734 Wilcox St, Castle Rock, CO
      View Details
    • $21/mo

      Charming Downtown Castle Rock Property

      Updated commercial property with multiple rental income streams.
      109 Fourth St, Castle Rock, CO
      View Details
    • Contact for pricing

      Retail Space in Castle Rock

      Retail space available for lease in Castle Rock, Colorado.
      5650 Allen Way, Castle Rock, CO 80108
      View Details
    • Contact for pricing

      Castle Rock Office Space Available

      Office space available for rent in Castle Rock, Colorado.
      850-880 W Happy Canyon Rd, Castle Rock, CO 80108
      View Details
    • $30/mo

      Downtown Office Space For Rent

      Office space with key card access, showers, and EV charging.
      202 6th St, Castle Rock, CO
      View Details
    • $21/mo

      Corner Retail Suite with Windows

      Retail space with modern finish and digital signage option.
      695 Jerry St, Castle Rock, CO
      View Details
    • $32/mo

      Office & Retail Space Available

      Office and retail spaces for lease near AdventHealth Castle Rock.
      3855 Ambrosia St, Castle Rock, CO
      View Details
    • Contact for pricing

      Pharmaceutical Testing Lab with Infrastructure

      Turn-key lab operation with minimal improvements necessary.
      1585 S Perry St, Castle Rock, CO
      View Details
    • $31/mo

      Downtown Castle Rock Office Space

      Modern office space for rent in downtown Castle Rock.
      210 Fifth St, Castle Rock, CO
      View Details
    • $20/mo

      Flexible Space in Castle Rock

      960 SF flex space available for lease in Castle Rock.
      2274 Manatt Ct, Castle Rock, CO
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use development with parking structure, completion scheduled for 2024.
    Where is this mixed-use property located?
    The property is located at 610 Jerry St Castle Rock, CO.
    What are key features of this property?
    This property features: New mixed‑use development project.; Located in downtown Castle Rock.; Includes a 399‑space parking structure, adding 100 new spaces for downtown visitors.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Kulbe
    Real Estate License ID: CO FA.100014080
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!