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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Warehouses
3100 Commerce Ct Castle Rock, CO 80109-9458
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1009638
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1985
Construction
STEEL FRAME
Total area
6,080 SF
Lot
1.02 ac (44,301 SF)
APN
R0220599
UPID
US13-1009638
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.17M
Owner & transaction history
Jt Enterprises Ltd · 2 yrs held
Jt Enterprises Ltd
since 2024
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+135.3%
Auto repair, garage
$2.6M
+86.3%
Neighborhood: shopping center
$2.3M
+62.6%
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
$2,170,000
ML approach
$2,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,400,000
Current use
RESTAURANT
$3,300,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,610,000
Change: +86% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,280,000
Change: +63% · Conversion: Moderate
RETAIL STORES
$2,070,000
Change: +48% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,060,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,950,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±10% · vs last sale $2.17M (Jun 6 2024)
Last sale anchor
$2.17M
Jun 6 2024
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
$357 / 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
$33,255
Tax year 2023
Assessed value
$339,260
Assessed 2023
Previous assessed
$339,260
+0.0% YoY
Effective rate
9.80%
On assessed value
Assessed land
$148,320
Assessed improvement
$190,940
Land market value
$531,612
Improvement market value
$684,388
Total market value
$1,216,000
Applied tax rate
185.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
6,080 SF
Lot
1.02 ac (44,301 SF)
APN
R0220599
UPID
US13-1009638
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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
RESTAURANT
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1985
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Jt Enterprises Ltd
Entity
Mailing address
3105 KEEPSAKE WAY, CASTLE ROCK, CO 80109-3946
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2024
—
Jt Enterprises Ltd
—
Deed
related
$492,240 · Midwestone Bank
Jun 6, 2024
$2,170,000
Jt Enterprises Ltd
Royal Castle Rock Sip LLC
Special Warranty Deed
$1,736,000 · Midwestone Bank
Apr 11, 2024
$823,200
Royal Castle Rock Sip LLC
Cygnus Properties LLC
Special Warranty Deed
—
Aug 10, 2021
—
Cygnus Properties LLC
Cygnus Home Service LLC
Intrafamily Transfer
related
—
—
—
Cygnus Home Service LLC
—
Deed Of Trust
related
$100,000,000 · Deneb Real Estate LLC
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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