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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Retail space
221 Perry St Castle Rock, CO 80104-2418
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-2316046
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
8,416 SF
Lot
0.21 ac (9,278 SF)
APN
R0605330
UPID
US13-2316046
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
-
Ecclesia Market Food Market Farmer's Market
-
urban event space Hotel & Motel Resort
-
Fish & Company Restaurant
-
RAM3N Restaurant
-
Arayes Grilled Stuffed Pitas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.26M
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$2.94M
Owner & transaction history
Home Sweet Home 12 LLC · 6 yrs held
Home Sweet Home 12 LLC
since 2020
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+59.2%
Auto repair, garage
$3.6M
+26.0%
Neighborhood: shopping center
$3.2M
+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
$3,170,000
ML approach
$3,260,000
CAP Approach
CAP Return
Estimation
6%
$2,890,000
6.5%
$2,665,000
7%
$2,475,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,870,000
Current use
RESTAURANT
$4,565,000
Change: +59% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,615,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,155,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$2,700,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,495,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10% · vs last sale $2.64M (Apr 1 2020)
Last sale anchor
$2.64M
Apr 1 2020
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
$349 / 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
$59,581
Tax year 2023
Assessed value
$821,820
Assessed 2023
Previous assessed
$732,200
+12.2% YoY
Effective rate
7.25%
On assessed value
Assessed land
$186,380
Assessed improvement
$635,440
Land market value
$668,036
Improvement market value
$2,277,564
Total market value
$2,945,600
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
1946
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
8,416 SF
Lot
0.21 ac (9,278 SF)
APN
R0605330
UPID
US13-2316046
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
$2.9M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1946
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Home Sweet Home 12 LLC
Entity
Mailing address
8241 MAIN ST, BOKEELIA, FL 33922-1550
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2025
—
Home Sweet Home 12 LLC
—
Deed
related
$1,764,000 · Alpine Bank
Apr 1, 2020
$2,635,000
Home Sweet Home 12 LLC
Greeley Capital Partners LLC
Special Warranty Deed
$1,991,070 · Firstier Bank
Aug 17, 2018
$1,665,000
Greeley Capital Partners LLC
Perry St Entertainment Ctr LLC
Grant Deed
—
Feb 5, 2018
$1,428,000
Perry St Entertainment Center LLC
Perry Street LLC
Special Warranty Deed
$700,000 · Anb Bank
Nov 21, 2017
—
Siena At The Courtyard LLC
—
Deed
related
$35,000 · David A French
Oct 17, 2017
—
Siena At The Courtyard LLC
—
Deed
related
$55,000 · David A French
Sep 27, 2017
—
Siena At The Courtyard LLC
—
Deed
related
$40,000 · David A French
Aug 23, 2017
—
Siena At The Courtyard LLC
—
Deed
related
$100,000 · David A French
Jun 5, 2017
—
Siena At The Courtyard LLC
—
Deed
related
$50,000 · David A French
Apr 3, 2017
—
Siena At The Courtyard LLC
—
Deed
related
$50,000 · David A French
Feb 15, 2017
—
Siena At The Courtyard LLC
—
Deed
related
$50,000 · David A French
Dec 27, 2016
—
Siena At The Courtyard LLC
—
Deed
related
$355,000 · David A French
Dec 2, 2014
—
221 Perry Street LLC
—
Trustees Deed
related
$130,000 · Senn Visciano Canges PC
Oct 25, 2010
—
221 Perry Street LLC
—
Trustees Deed
related
$100,000 · Leslie K Guest
—
—
Bradley K Brown
—
Deed Of Trust
related
$225,000 · David A French
—
—
Siena At The Courtyard LLC
—
Deed Of Trust
related
$30,000 · David A French
—
—
Siena At The Courtyard LLC
—
Deed Of Trust
related
$355,000 · David A French
—
—
Siena At The Courtyard LLC
—
Deed Of Trust
related
$50,000 · David A French
—
—
Siena At The Courtyard LLC
—
Deed Of Trust
related
$100,000 · David A French
—
—
Siena At The Courtyard LLC
—
Deed Of Trust
related
$50,000 · David A French
—
—
Siena At The Courtyard LLC
—
Deed Of Trust
related
$50,000 · David A French
—
—
Siena At The Courtyard LLC
—
Deed Of Trust
related
$55,000 · David A French
—
—
Siena At The Courtyard LLC
—
Deed Of Trust
related
$40,000 · David A French
—
—
Siena At The Courtyard LLC
—
Deed Of Trust
related
$35,000 · David A French
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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