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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Retail space
203 Perry St Castle Rock, CO 80104-2418
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0391122
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1887
Total area
1,748 SF
Lot
0.24 ac (10,454 SF)
APN
R0081120
UPID
US13-0391122
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
-
Perry Street Raw Dog Food Company (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$895k
Owner & transaction history
Mission Capital Properties Bayside · 4 yrs held
Mission Capital Properties Bayside
since 2021
Last sale
$937,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$750,000
+26.0%
Neighborhood: shopping center
$655,000
+10.0%
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
$885,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
RETAIL STORES
$595,000
Current use
AUTO REPAIR, GARAGE
$750,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$560,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $938k (Nov 9 2021)
Last sale anchor
$938k
Nov 9 2021
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
$512 / 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
$13,783
Tax year 2023
Assessed value
$196,540
Assessed 2023
Previous assessed
$186,170
+5.6% YoY
Effective rate
7.01%
On assessed value
Assessed land
$140,010
Assessed improvement
$56,530
Land market value
$501,811
Improvement market value
$202,600
Total market value
$704,411
Applied tax rate
3,287.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1887
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Rooms
6
Bathrooms
1
Total area
1,748 SF
Lot
0.24 ac (10,454 SF)
APN
R0081120
UPID
US13-0391122
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
RETAIL STORES Current
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
MEDICAL BUILDING
Est. value
$560,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1887
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
6
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Mission Capital Properties Bayside
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 371258, LAS VEGAS, NV 89137-1258
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
$937,500
Mission Capital Properties Bayside
Wagor Of Colorado LLC
Special Warranty Deed
—
Oct 5, 2012
—
203 Perry LLC
West,j L
Quit Claim Deed
related
—
Oct 5, 2012
$295,250
Wagor Of Colorado LLC
203 Perry LLC
Warranty Deed
$168,800 · Wells Fargo Bank NA
Mar 30, 2010
—
J L West
203 Perry LLC
Quit Claim Deed
related
—
Jan 20, 2009
$305,000
203 Perry LLC
Kruse,carolyn J
Quit Claim Deed
related
$247,500 · Bank Of Choice
May 24, 2004
$305,000
Carolyn J Kruse
Biggs,joyce Y
Grant Deed
—
Oct 29, 1998
—
Joyce Y Biggs
Saunders,elizabeth G
Quit Claim Deed
related
—
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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