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    210 5Th St Castle Rock, CO 80104
    Property profile & analytics

    210 5Th St Castle Rock, CO 80104

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    • Office properties & Spaces
    • 9,286 SF
    • 0.16 lot acres
    For Lease
    $31 SF/Yr
    View Listing →
    Downtown Castle Rock Office Space For Lease
    $31 SF/Yr
    1,377 SF

    Downtown Castle Rock Office Space

    Modern office space for rent in downtown Castle Rock.

    210 Fifth St, Castle Rock, CO
    View Listing
    Property ID
    US13-0854194
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. John Hamilton D.C. / Medical Clinic / Alternative Medicine Practice
    • MasterDrive of Denver - Castle Rock / Training Center / Vocational School
    • Quick Roofing - Denver / Roofing Company / General Contractor
    • Colorado Active Health Chiropractic PLLC Castle Rock / Alternative Medicine Practice
    • Good Samaritan CPR LLC / Training Center

    Property Details for 210 5Th St

    Year built
    1973
    Lot size
    0.16 lot acres
    Property size
    9,286 SF
    Property type
    Office properties & Spaces
    APN
    R0478173
    APU
    R0478173

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $923,000
      Market price range: $612k - $2.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.86
    Latitude
    39.3741
    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
    2021
    $26,619
    $140,010
    $248,610
    $388,620
    -
    $501,811
    $891,089
    $1,392,900

    Comparable in this City

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      1010 Interstate 25

      Flex space • 2,500 SF
      1010 Interstate 25, Castle Rock, CO 80104
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      422 Elbert St

      Office properties & Spaces
      422 Elbert St, Castle Rock, CO 80104
      View Details
    • Value Estimation
      $12,310,000
      72,799 SF

      202 6th St

      OFFICE (GENERAL) • 72,799 SF
      202 6th St, Castle Rock, CO 80104-1715
      View Details
    • Value Estimation
      $645,000
      2,900 SF

      25 Wilcox St

      OFFICE (GENERAL) • 2,900 SF
      25 Wilcox St, Castle Rock, CO 80104-1972
      View Details
    • Value Estimation by Request
      1,289 SF

      103 4th St Ste, Unit 120

      OFFICE (GENERAL) • 1,289 SF
      103 4th St Ste, Castle Rock, CO 80104-2449
      View Details

    Similar Nearby for Sale

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      1,834 SF

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      Office property for sale in Castle Rock, Colorado.
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      Affordable, customizable flex space suitable for business, storage, or recreation.
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      5,279 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
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    Similar Nearby for Lease

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      Mixed-Use Development in Castle Rock

      Mixed-use development with parking structure, completion scheduled for 2024.
      610 Jerry St, Castle Rock, CO 80104
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      Professional Office Space Available

      Class A office space with easy highway access.
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      200 SF

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      Upstairs office space with natural light and shared amenities.
      505-517 N Wilcox St, Castle Rock, CO 80104
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      Castle Rock Office Space Available

      Office space available for rent in Castle Rock, Colorado.
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    • $22 SF/Yr

      Premier Office Leasing Opportunity

      Modern office space in a vibrant Castle Rock location.
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    • Contact for pricing
      4,717 SF

      Mixed-Use Development in Castle Rock

      Mixed-use development with parking structure, scheduled for completion in 2024.
      610 Jerry St, Castle Rock, CO 80104
      View Details
    View Listing
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    Castle Rock, CO 80104
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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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