1010 South St Castle Rock, CO 80104
- Warehouses
- 2,100 SF
Current Use by Public Records
- Warehouses
Property Details for 1010 South St
- Property size
- 2,100 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This Castle Rock, CO warehouse, located at 1010 South St, 80104, presents a compelling investment opportunity. The 2,550 square foot building (2,100 square feet main floor plus 450 square feet mezzanine) is currently leased under a triple-net (NNN) lease with a three-year term. The lease features a rental rate of $26.50 per square foot in year one, increasing to $27.30 in year two and $28.12 in year three. The property boasts a strong net operating income (NOI) of $67,575, yielding a 7.25% capitalization rate. The asking price is $932,069, translating to a land value of $444 per square foot. Building features include insulated masonry construction, energy-efficient LED lighting, a mezzanine, finished private restrooms, 24/7 access, wide paved aisles, and a 14x14 overhead door with operators. The property is zoned for Light Industrial, Office, Warehousing, Storage, Flex, and Retail uses, offering versatility for future tenants. This single-unit building is an excellent addition to any investment portfolio.
Value Estimation
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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
