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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    188 Founders Pkwy Castle Rock, CO 80104-7520

    • Retail space
    • 6,000 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $1,845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0868149
    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

    • Aaron English / Medical Clinic / Practitioner Service Location
    • Dr. David Rebber / Dentist
    • Dr. Richard Lubow / Dental Implants Periodontist
    • Henry Ahn / Dentist
    • Aaron Nephi English / Dentist

    Property Details for 188 Founders Pkwy

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.41 lot acres
    Property size
    6,000 SF
    Property type
    Retail space
    APN
    R0394307
    APU
    R0394307

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,060,000
      6.5%
      $1,900,000
      7%
      $1,765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,465,000
      Market price range: $1.60M - $3.03M
      AI Estimate
      $1,168,000
      Market price range: $353k - $1.46M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,045,000
      Current use
      AUTO REPAIR, GARAGE
      $2,575,000
      Change: +26% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,250,000
      Change: +10% Conversion: Moderate
      MEDICAL BUILDING
      $1,925,000
      Change: -6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,780,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.865
    Latitude
    39.4121
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,920
    $90,240
    $529,140
    $619,380
    -
    $323,450
    $1,896,550
    $2,220,000

    Comparable in this City

    • Value Estimation by Request
      1,522 SF

      376 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 1,522 SF
      376 3rd St, Castle Rock, CO 80104-2438
      View Details
    • Value Estimation by Request
      753 SF

      510 Perry St

      RETAIL STORES (PERSONAL SERVICES) • 753 SF
      510 Perry St, Castle Rock, CO 80104-1728
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    • Value Estimation by Request
      1,513 SF

      423 Perry St

      RETAIL STORES (PERSONAL SERVICES) • 1,513 SF
      423 Perry St, Castle Rock, CO 80104-2422
      View Details
    • Value Estimation
      $1,140,000
      5,229 SF

      175 Plum Crk Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 5,229 SF
      175 Plum Crk Pkwy, Castle Rock, CO 80104-1961
      View Details
    • Value Estimation
      $615,000
      2,989 SF

      1070 Brookside Cir

      RETAIL STORES (PERSONAL SERVICES) • 2,989 SF
      1070 Brookside Cir, Castle Rock, CO 80104-3338
      View Details
    • Value Estimation by Request
      810 SF

      301 Jerry St

      RETAIL STORES (PERSONAL SERVICES) • 810 SF
      301 Jerry St, Castle Rock, CO 80104-2433
      View Details

    Similar Nearby for Sale

    • $2,195,000

      Downtown Castle Rock Retail Opportunity

      Commercial building in the heart of historic Downtown Castle Rock.
      807 N Wilcox St, Castle Rock, CO 80104
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    • Contact for pricing
      0.92 Acres

      Castle Rock Grocery Store Opportunity

      Prime I-25 location, vacant, various sizes.
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    • $1,390,000

      Charming Downtown Castle Rock Property

      Updated commercial property with multiple rental income streams.
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      1,834 SF

      Downtown Castle Rock Retail Space

      Prime 1,834 SF retail space, currently leased.
      Scissors & Scotch | 20 North Wilcox Street, Castle Rock, CO 80104
      View Details
    • $1,650,000
      0.16 Acres

      Downtown Castle Rock Mixed-Use Property

      Live-work opportunity in a prime, highly visible downtown location.
      422 Elbert St, Castle Rock, CO 80104
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    • $3,253,550
      10,011 SF

      Retail Property in Castle Rock

      Retail property available for sale in Castle Rock, Colorado.
      140 S Wilcox St, Castle Rock, CO 80104
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,800 SF

      Retail End Cap For Lease

      Highly visible retail space with ample parking and open floorplan.
      4284 Trail Boss Dr, Castle Rock, CO 80104
      View Details
    • Contact for pricing
      2,503 SF

      Retail Space Near Factory Shops

      Retail space with freeway exposure near popular shopping destination.
      4765 Front St, Castle Rock, CO 80104
      View Details
    • $1,550,000
      2,113 SF

      Downtown Castle Rock Retail Space

      Retail space in a prime, high-traffic Castle Rock location.
      20 Wilcox St, Castle Rock, CO 80104
      View Details
    • $2,395,000
      3,000 SF

      Downtown Castle Rock Retail/Office Space

      Retail/office space in a prime downtown location with high ceilings.
      310 Wilcox St, Castle Rock, CO 80104
      View Details
    • Contact for pricing

      Castle Rock Retail Pad Site

      High-traffic location, 0.75-acre pad.
      4800 Milestone Ln, Castle Rock, CO 80104
      View Details
    • $21 SF/Yr
      1,200 SF

      Corner Retail Suite with Windows

      Retail space with modern finish and digital signage option.
      695 Jerry St, Castle Rock, CO 80104
      View Details
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    188 Founders Pkwy
    Castle Rock, CO 80104-7520
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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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