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    Property profile & analytics

    2356 Mdws Blvd Castle Rock, CO 80109-8405

    • Medical Office Space
    • 61,144 SF
    OFF-MARKET
    Last Sale
    Jan 27, 2021
    Value Estimations
    $13,225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2238093
    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

    • Medical Office Space

    Property Details for 2356 Mdws Blvd

    Year built
    2016
    Property size
    61,144 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    R0496216
    APU
    R0496216

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,625,000
      6.5%
      $13,500,000
      7%
      $12,535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,489,000
      Market price range: $13.9M - $24.3M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $19,625,000
      Current use
      RETAIL STORES
      $20,835,000
      Change: +6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $20,735,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.885
    Latitude
    39.4057
    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
    $465,773
    $0.00
    $4,433,980
    $4,433,980
    -
    $0.00
    $15,892,399
    $15,892,399

    Comparable in this City

    • Value Estimation
      $7,905,000
      20,842 SF

      4350 Limelight Ave

      MEDICAL BUILDING • 20,842 SF
      4350 Limelight Ave, Castle Rock, CO 80109-8034
      View Details
    • Value Estimation
      $10,740,000
      59,843 SF

      2352 Mdws Blvd

      MEDICAL BUILDING • 59,843 SF
      2352 Mdws Blvd, Castle Rock, CO 80109-8406
      View Details
    • Value Estimation by Request
      4,956 SF

      3745 Dacoro Ln

      MEDICAL BUILDING • 4,956 SF
      3745 Dacoro Ln, Castle Rock, CO 80109-2500
      View Details
    • Value Estimation by Request
      60,000 SF

      Castle Rock Co

      Medical Office Space • 60,000 SF
      0 Castle Rock Co, Castle Rock, CO 80109
      View Details
    • Value Estimation
      $1,770,000
      163,144 SF

      1855 Low Mdw Blvd

      HOMES (RETIRED, NURSING) • 163,144 SF
      1855 Low Mdw Blvd, Castle Rock, CO 80109-8020
      View Details
    • Value Estimation
      $5,620,000
      32,000 SF

      4400 Castleton Ct

      OFFICE (GENERAL) • 32,000 SF
      4400 Castleton Ct, Castle Rock, CO 80109-7804
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Space in Castle Rock

      Office property located at 3739 Meadows Parkway, Castle Rock, CO.
      3739 Meadows Pkwy, Castle Rock, CO 80109
      View Details
    • $395,000
      757 SF

      Luxury Garage Condo with Loft

      Premium flex space with garage, loft, and community clubhouse.
      1931 Liggett Rd, Castle Rock, CO 80109
      View Details
    • Contact for pricing

      Castle Rock Commercial Land Available

      Commercial land for sale in Castle Rock, Colorado.
      Limelight Ave, Castle Rock, CO 80109
      View Details
    • Contact for pricing

      39.6 Acre Lot with Views

      Large parcel near Castle Rock with Pikes Peak views.
      770 Hier Ln, Castle Rock, CO 80109
      View Details
    • Contact for pricing

      Commercial Land in Castle Rock

      Rough-graded commercial land suitable for diverse uses.
      3760 Dacoro Ln, Castle Rock, CO 80109
      View Details
    • Contact for pricing
      4,525 SF

      Updated Flex Space in Castle Rock

      Flex space with luxury finishes and convenient highway access.
      738 W Castleton Rd, Castle Rock, CO 80109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,365 SF

      Medical Office Space For Rent

      Class A medical office space within AdventHealth Castle Rock campus.
      2532 Meadows Blvd, Castle Rock, CO 80109
      View Details
    • $24 SF/Yr
      7,616 SF

      Retail/Office Space Near Downtown

      Well-maintained retail or office suite near downtown Castle Rock.
      1263 Park St, Castle Rock, CO 80109
      View Details
    • Contact for pricing
      11,269 SF

      Upscale Office Space For Rent

      Office space with excellent visibility and ample parking available.
      4700 Castleton Way, Castle Rock, CO 80109
      View Details
    • Contact for pricing

      Land for Lease on Parkway

      Commercial land available for ground lease on The Meadows Parkway.
      1361 Meadows Pkwy, Castle Rock, CO 80109
      View Details
    • Contact for pricing
      2,055 SF

      Retail Space Near Castle Rock

      Retail space near Castle Rock Outlets with great access.
      658 Genoa Way, Castle Rock, CO 80109
      View Details
    • Contact for pricing
      1,823 SF

      Flex Space with Outdoor Storage

      Flex space with outdoor storage yard near Highway 85.
      2801 N Us Highway 85, Castle Rock, CO 80109
      View Details
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    2356 Mdws Blvd
    Castle Rock, CO 80109-8405
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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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