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    32135 Castle Ct Evergreen, CO 80439
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    32135 Castle Ct, Evergreen, CO 80439

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    • Office buildings
    • 20,890 SF
    • 1.54 lot acres
    For Sale
    $3,550,000
    View Listing →
    Evergreen Class A Office Building For Sale
    $3,550,000
    20,890 SF

    Evergreen Class A Office Building

    Fully leased Class A office building in Evergreen, Colorado.

    32135 Castle Ct, Evergreen, CO
    View Listing
    Property ID
    US13-0590486
    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

    • Office buildings

    Property Details for 32135 Castle Ct

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    1.54 lot acres
    Property type
    Office buildings
    APN
    41-203-10-016
    APU
    4120310016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 23, 2026 — Sp Trading LLC — Deed · related $2.1M · Equity Bank
    Jan 26, 2026 $3,100,000 Sp Trading LLC Peak Mob Partners LLC Special Warranty Deed $1.1M · Equity Bank
    Mar 20, 2023 — Peak Mob Partners LLC — Deed · related $300k · First Bank Of North Dakota
    Oct 4, 2022 $2,000,000 Peak Mob Partners LLC Castle Court LLC Special Warranty Deed $1.7M · Security First Bank Of North Dakota
    — — Castle Court LLC — Loan Modification · related $2M · Westerra Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,945,000
      ML approach
      $1,860,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Evergreen
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.364
    Latitude
    39.6817
    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
    $52,400
    $159,085
    $412,279
    $571,364
    -
    $570,197
    $1,507,703
    $2,077,900

    Comparable in this City

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      4,398 SF

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      OFFICE BUILDING
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      View Details
    • Value Estimation
      $1,165,000
      6,708 SF

      3042 Evergreen Pkwy

      OFFICE BUILDING
      3042 Evergreen Pkwy, Evergreen, CO 80439-7991
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    • Value Estimation
      $785,000
      5,678 SF

      28677 Buffalo Park Rd

      OFFICE BUILDING
      28677 Buffalo Park Rd, Evergreen, CO 80439-7377
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    • Value Estimation
      $930,000
      6,546 SF

      28000 Mdw Dr

      OFFICE BUILDING
      28000 Mdw Dr, Evergreen, CO 80439-8395
      View Details
    • Value Estimation by Request
      994 SF

      3000 Evergreen Pkwy

      OFFICE BUILDING
      3000 Evergreen Pkwy, Evergreen, CO 80439
      View Details
    • Value Estimation
      $2,595,000
      13,620 SF

      2902 Evergreen Pkwy

      OFFICE BUILDING
      2902 Evergreen Pkwy, Evergreen, CO 80439-7922
      View Details

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      39,303 SF

      Evergreen Office Building For Sale

      Multi-tenant office building in Evergreen, with income potential.
      32045 Castle Ct, Evergreen, CO 80439
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      20,890 SF

      Evergreen Class A Office Building

      Fully leased Class A office building in Evergreen, Colorado.
      32135 Castle Ct, Evergreen, CO 80439
      View Details
    • Contact for pricing
      2,750 SF

      Renovated Office Building For Sale

      Recently renovated office building with ample parking and great visibility.
      30922 Hilltop Dr, Evergreen, CO 80439
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      7,536 SF

      Evergreen Commercial Investment Opportunity

      Commercial property in Evergreen, Colorado, near dining and recreation.
      1222 Bergen Pkwy, Evergreen, CO 80439
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    Similar Nearby for Lease

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      Evergreen Professional Office Space Available

      Professional office building with updated common areas and LED lighting.
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      Bergen Park Retail/Office Space

      Office or retail space in central Bergen Park location.
      1301 Bergen Pkwy, Evergreen, CO 80439
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    • Contact for pricing
      1,182 SF

      Evergreen Office or Retail Space

      Office or retail space for rent in Bergen Park.
      1301 Bergen Pkwy, Evergreen, CO 80439
      View Details
    • Contact for pricing
      1,944 SF

      Office/Warehouse Space with Drive-In Door

      1,944 SF office/warehouse with drive-in, easy access.
      30706-30706 Bryant Dr, Evergreen, CO 80439
      View Details
    • $1,200 /Mo
      1,134 SF

      Downtown Evergreen Office Space Available

      Shared office space in downtown Evergreen with creek views.
      28186 State Hwy 74, Evergreen, CO 80439
      View Details
    View Listing
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    32135 Castle Ct
    Evergreen, CO 80439
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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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