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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Office Spaces
1161 Perry St Castle Rock, CO 80104-1978
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1187193
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2007
Total area
15,234 SF
Lot
1.53 ac (66,516 SF)
APN
R0474181
UPID
US13-1187193
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gail L. Cross, FNP Physician
-
Brightside Dentistry Dental Office
-
Douglas County Public Defender Public Defender'S Office
-
Aspen Reserve Specialties Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.49M
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$3.65M
Owner & transaction history
Heyman Castle Rock LLC · 4 yrs held
Heyman Castle Rock LLC
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.7M
+26.5%
Retail stores
$5.2M
+15.0%
Medical building
$4.9M
+8.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Castle Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Rock submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,610,000
ML approach
$3,490,000
CAP Approach
CAP Return
Estimation
6%
$3,170,000
6.5%
$2,930,000
7%
$2,720,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,515,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,710,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$5,190,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$4,890,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$3,655,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±10% · vs last sale $4.50M (Apr 13 2022)
Last sale anchor
$4.50M
Apr 13 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$240 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,742
Tax year 2023
Assessed value
$998,820
Assessed 2023
Previous assessed
$883,580
+13.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$118,770
Assessed improvement
$880,050
Land market value
$425,703
Improvement market value
$3,154,287
Total market value
$3,579,990
Applied tax rate
215.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2007
Heating
ZONE
Cooling
YES
Stories
2
Units
1
Total area
15,234 SF
Lot
1.53 ac (66,516 SF)
APN
R0474181
UPID
US13-1187193
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
RETAIL STORES
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$3.7M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
ZONE
Cooling
Yes
Stories
2
Units
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Heyman Castle Rock LLC
Entity
Mailing address
4924 BALBOA BLVD #165, ENCINO, CA 91316-3402
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
$4,500,000
Heyman Castle Rock LLC
Diana Cooper
Special Warranty Deed
$5,540,000 · Independent Bank
Apr 13, 2022
—
Allen H Eledrick
1161adbp LLC
Quit Claim Deed
related
—
May 26, 2021
—
1161adbp LLC
—
Deed
related
$1,000,000 · Qualfax INC
Apr 28, 2017
—
1161adbp LLC
—
Deed
related
$150,000 · Peoples National Bank
Nov 7, 2008
—
1161 Adbp LLC
—
Trustees Deed
related
$125,000 · Colorado Community Bank
Nov 26, 2007
—
1161 Adbp LLC
—
Trustees Deed
related
$2,850,000 · Colorado Community Bank
Oct 1, 2007
—
1161adbp LLC
Ad Business Properties LLC
Quit Claim Deed
related
—
—
—
1161 Adbp LLC
—
Deed Of Trust
related
$200,000 · Colorado Community Bank
—
—
1161 Adbp LLC
—
Deed Of Trust
related
$30,000 · Colorado Community Bank
—
—
1161 Adbp LLC
—
Deed Of Trust
related
$3,235,000 · Colorado Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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