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    Property profile & analytics

    1134 Park St Castle Rock, CO 80109

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2716001
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1134 Park St

    Property type
    Commercial real estate

    Description

    This exceptional two-acre commercial land parcel is situated at 1134 Park Street in Castle Rock, Colorado, zip code 80109. Zoned for business commercial use, this property offers a wide range of development possibilities. The site boasts a paved surface, making it particularly well-suited for uses requiring ample parking, such as an auto dealership or similar businesses needing extensive paved space. Its convenient location provides easy access to Interstate 25 via the Wolfensberger interchange, just three minutes away, ensuring excellent visibility and accessibility for any business. The single-tenant occupancy allows for complete control and customization of the property. This presents a unique opportunity for businesses seeking a prominent location in a thriving Colorado community. The property's size and zoning flexibility make it an attractive investment for a variety of commercial ventures. Detailed site plans and zoning information are readily available upon request. This is a rare opportunity to acquire a well-located, versatile commercial land parcel in a rapidly growing area. Don't miss out on this chance to establish your business in a prime Castle Rock location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.86605005693
    Latitude
    39.381108587058

    Comparable in this City

    • Contact for pricing

      Land for Lease on Parkway

      Commercial land available for ground lease on The Meadows Parkway.
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    • $285 SF/Yr
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      Castle Rock Commercial Land Lease

      1.49 Acres, Fenced Yard, Office Space
      646 Prairie Hawk Dr, Castle Rock, CO 80109
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      1,365 SF

      Medical Office Space For Rent

      Class A medical office space within AdventHealth Castle Rock campus.
      2532 Meadows Blvd, Castle Rock, CO 80109
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      4,356 SF

      Retail Space in Castle Rock

      Retail space available for lease in Castle Rock, Colorado.
      800 Kinner St, Castle Rock, CO 80109
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    • $18 SF/Yr
      5,020 SF

      Retail Space Near Castle Rock Outlets

      Retail space near shopping, restaurants, and hotels.
      3194 Industrial Way, Castle Rock, CO 80109
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    • $17 SF/Yr
      11,269 SF

      Upscale Office Space For Rent

      Office space with excellent visibility and ample parking available.
      4700 Castleton Way, Castle Rock, CO 80109
      View Details

    Similar Nearby for Sale

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      Commercial Land in Castle Rock

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      Land For Sale

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      Land For Sale

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      Commercial Land in Growing Area

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      39.6 Acre Lot with Views

      Large parcel near Castle Rock with Pikes Peak views.
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      Castle Rock Commercial Land Available

      Commercial land for sale in Castle Rock, Colorado.
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    Similar Nearby for Lease

    • $285 SF/Yr
      1,008 SF

      Castle Rock Commercial Land Lease

      1.49 Acres, Fenced Yard, Office Space
      646 Prairie Hawk Dr, Castle Rock, CO 80109
      View Details
    • Contact for pricing

      Land for Lease on Parkway

      Commercial land available for ground lease on The Meadows Parkway.
      1361 Meadows Pkwy, Castle Rock, CO 80109
      View Details
    • Contact for pricing
      1,365 SF

      Medical Office Space For Rent

      Class A medical office space within AdventHealth Castle Rock campus.
      2532 Meadows Blvd, Castle Rock, CO 80109
      View Details
    • $17 SF/Yr
      11,269 SF

      Upscale Office Space For Rent

      Office space with excellent visibility and ample parking available.
      4700 Castleton Way, Castle Rock, CO 80109
      View Details
    • $18 SF/Yr
      5,020 SF

      Retail Space Near Castle Rock Outlets

      Retail space near shopping, restaurants, and hotels.
      3194 Industrial Way, Castle Rock, CO 80109
      View Details
    • Contact for pricing
      4,356 SF

      Retail Space in Castle Rock

      Retail space available for lease in Castle Rock, Colorado.
      800 Kinner St, Castle Rock, CO 80109
      View Details
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    1134 Park St
    Castle Rock, CO 80109
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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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