Technical
Financial
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Property profile

502 Front St Castle Rock, CO 80104

OFF-MARKET
Land
0.27 ac lot
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Property summary

AI-generated overview

This exceptional 0.273-acre commercial land parcel, located at 502 Front St in Castle Rock, Colorado (zip code 80104, APN 2505-111-08-002), presents a unique opportunity for investors. Situated in the desirable Craig and Gould historic district, this property boasts a fully approved plan for a two-triplex development, allowing for the construction of six multifamily units. The permitted zoning is R3 Multifamily, ensuring compliance and streamlining the development process. The asking price for this turnkey project is $1,100,000. This infill lot offers immediate access to the established amenities and vibrant community of Castle Rock. The approved development plan eliminates significant pre-construction hurdles, reducing risk and accelerating the timeline to revenue generation. This is an ideal investment for developers seeking a proven project in a thriving Colorado market. The property's location within the historic district offers potential for enhanced appeal and value. All necessary approvals have been obtained from the City of Castle Rock, making this a truly shovel-ready opportunity. Don't miss this chance to capitalize on the strong demand for multifamily housing in this sought-after area.

Property profile

Verified
Property type Land
Lot 0.27 ac (11,892 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

502 Front St Castle Rock, CO 80104
Castle Rock metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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