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    Castle Pne Pkwy Castle Pines, CO 80108

    • Retail properties
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Castle Pne Pkwy

    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional 6-pad retail land opportunity is located in the thriving Castle Pines, Colorado market, at the highly visible southwest corner of Castle Pines Parkway and Lagae. Situated in a high-income trade area with limited pad availability, this property offers unparalleled visibility and accessibility. The site benefits from its strategic location at the entrance to Castle Pines, directly across from a King Soopers grocery store, ensuring high foot traffic and convenient access for potential tenants. Further enhancing its appeal, a proposed new Castle Pines Town Hall is planned nearby, adding to the area's civic and community vibrancy. The property is ideally suited for a variety of uses, including retail, medical, office, or daycare facilities. Developers will find this location particularly attractive, with build-to-suit options available for sale or lease. Adding to the long-term growth potential, approximately 1200 new residential units are currently under construction immediately south of the property, guaranteeing a significant increase in the local population and consumer base. This presents a unique chance to establish a presence in a rapidly expanding and affluent community. The property is located in Douglas County, Colorado, with a zip code of 80108. The precise address is Castle Pines Pkwy, Castle Pines, CO.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Castle Pines
    County
    Douglas
    State
    Colorado
    Longitude
    -104.893
    Latitude
    39.4717

    Comparable in this City

    • Value Estimation by Request
      4,488 SF

      7282 Lagae Rd

      Automotive properties • 4,488 SF
      7282 Lagae Rd, Castle Pines, CO 80108
      View Details
    • Value Estimation by Request
      78.67 Acres

      Crowfoot Valley Rd

      Farms • 78.67 Acres
      0 Crowfoot Valley Rd, Castle Rock, CO 80108
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    • Value Estimation by Request
      1.89 Acres

      7616 Beverly Blvd

      Land • 1.89 Acres
      7616 Beverly Blvd, Castle Pines, CO 80108
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    • Value Estimation by Request
      238 SF

      1411 Castlepoint Cir

      TAKE-OUT RESTAURANT • 238 SF
      1411 Castlepoint Cir, Castle Pines, CO 80108-8287
      View Details
    • Value Estimation
      $1,335,000
      5,732 SF

      830 New Memphis Ct

      SHOPPING CENTER, STRIP CENTER • 5,732 SF
      830 New Memphis Ct, Castle Rock, CO 80108-3317
      View Details
    • Value Estimation
      $3,435,000
      3,705 SF

      5012 Founders Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,705 SF
      5012 Founders Pkwy, Castle Rock, CO 80108-7838
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Castle Pines Retail Land Opportunity

      Prime Retail Pads, High-Income Area, CO
      0 Castle Pne Pkwy, Castle Pines, CO 80108
      View Details
    • $2,700,000

      Land for Sale

      Land available for purchase.
      910 Equinox Dr, Castle Rock, CO 80108
      View Details
    • $10,800,000
      78.67 Acres

      Castle Rock Ranch: 78 Acres

      Prime Colorado land, development potential.
      0 Crowfoot Valley Rd, Castle Rock, CO 80108
      View Details
    • $8,250,000

      Land For Sale

      Land available for sale.
      5053 N Crowfoot Valley Rd, Castle Rock, CO 80108
      View Details
    • $3,200,000
      1.89 Acres

      7616 Beverly Blvd

      Land • 1.89 Acres
      7616 Beverly Blvd, Castle Pines, CO 80108
      View Details
    • $1,800,000

      Land for Sale

      Land available in Castle Rock, Colorado.
      1095 Golf Est Pt, Castle Rock, CO 80108
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,266 SF

      Turn-key Restaurant/Retail Space Available

      Restaurant/Retail space for lease in Castle Pines, Colorado.
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      View Details
    • $24 SF/Yr
      25,476 SF

      Village Square Restaurant Space

      Prime Castle Pines restaurant space available.
      0 Village Square Dr, Castle Pines, CO 80108
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    • Contact for pricing
      10,251 SF

      Retail Space Near Major Interchange

      Retail spaces available near I-25 and Founders Pkwy interchange.
      5650 Allen Way, Castle Rock, CO 80108
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    • Contact for pricing
      645 SF

      Small Office Condo in Castle Rock

      645 SF office condo with open workspace and kitchenette.
      753 Maleta Ln, Castle Rock, CO 80108
      View Details
    • $21 SF/Yr
      3,826 SF

      Castle Pines Office Space For Sale/Lease

      Prime Castle Pines office suites, various sizes.
      7501 Village Square Dr, Castle Pines, CO 80108
      View Details
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    Castle Pines, CO 80108
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    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
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