Current Use by Public Records
- Office Spaces
Property Details for 1008 South St
- Property type
- Office Spaces
- Property subtype
- Office Units
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Castle Rock
- County
- Douglas
- State
- Colorado
- Longitude
- -104.847
- Latitude
- 39.3694
