& Castle Oaks Parker Rd Centennial, CO 80116
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.