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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    390 Wilcox St Castle Rock, CO 80104-1971

    • Strip malls
    • 9,240 SF
    • 1.31 lot acres
    OFF-MARKET
    Last Sale
    Jun 20, 2023
    $4,250,000
    Value Estimations
    $4,270,000
    Show details
    Cap Rate Potential
    4.6%
    Strip malls
    Location Intelligence
    Property ID
    US13-2703189
    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

    • Dr. William A. Bolton, DDS / Dental Office
    • Jimmy John's / Take-out & Catering / Catering Service
    • Papa John's Pizza / Restaurant
    • ATM / Atm
    • Perfect Teeth Dental - Castle Rock / Dental Office

    Property Details for 390 Wilcox St

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.31 lot acres
    Property size
    9,240 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    R0475609
    APU
    R0475609

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,145,000
      ML approach
      $4,440,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,160,000
      6.5%
      $2,915,000
      7%
      $2,705,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,533,000
      Market price range: $2.43M - $4.49M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,465,000
      Current use
      RESTAURANT
      $5,015,000
      Change: +45% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,970,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $3,150,000
      Change: -9% Conversion: Easy
      MEDICAL BUILDING
      $2,965,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.862
    Latitude
    39.3659
    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
    $55,089
    $281,270
    $479,220
    $760,490
    -
    $1,008,153
    $1,717,647
    $2,725,800

    Comparable in this City

    • Value Estimation
      $3,335,000
      20,044 SF

      314 4th St

      SHOPPING CENTER, STRIP CENTER • 20,044 SF
      314 4th St, Castle Rock, CO 80104-2413
      View Details
    • Value Estimation
      $18,155,000
      115,466 SF

      215 Wilcox St

      SHOPPING CENTER, STRIP CENTER • 115,466 SF
      215 Wilcox St, Castle Rock, CO 80104-4001
      View Details
    • Value Estimation
      $2,295,000
      11,224 SF

      102 Wilcox St

      SHOPPING CENTER, STRIP CENTER • 11,224 SF
      102 Wilcox St, Castle Rock, CO 80104-1911
      View Details
    • Value Estimation
      $940,000
      3,177 SF

      20 Wilcox St, Unit 105

      SHOPPING CENTER, STRIP CENTER • 3,177 SF
      20 Wilcox St, Castle Rock, CO 80104-2063
      View Details
    • Value Estimation
      $2,090,000
      13,000 SF

      201 4th St

      SHOPPING CENTER, STRIP CENTER • 13,000 SF
      201 4th St, Castle Rock, CO 80104-2431
      View Details
    • Value Estimation
      $2,605,000
      10,748 SF

      484 Crystal Vly Pkwy

      SHOPPING CENTER, STRIP CENTER • 10,748 SF
      484 Crystal Vly Pkwy, Castle Rock, CO 80104-9757
      View Details

    Similar Nearby for Sale

    • $4,622,450
      14,223 SF

      Downtown Castle Rock Commercial Property

      Prime retail location with redevelopment potential in downtown Castle Rock.
      136 S Wilcox St, Castle Rock, CO 80104
      View Details
    • $3,253,550
      10,011 SF

      Retail Property in Castle Rock

      Retail property available for sale in Castle Rock, Colorado.
      140 S Wilcox St, Castle Rock, CO 80104
      View Details
    • Contact for pricing
      0.92 Acres

      Castle Rock Grocery Store Opportunity

      Prime I-25 location, vacant, various sizes.
      I-25 & Crystal Vly Pkwy, Castle Rock, CO 80104
      View Details
    • $1,650,000
      0.16 Acres

      Downtown Castle Rock Mixed-Use Property

      Live-work opportunity in a prime, highly visible downtown location.
      422 Elbert St, Castle Rock, CO 80104
      View Details
    • $1,390,000

      Charming Downtown Castle Rock Property

      Updated commercial property with multiple rental income streams.
      109 4Th St, Castle Rock, CO 80104
      View Details
    • Contact for pricing
      1,834 SF

      Downtown Castle Rock Retail Space

      Prime 1,834 SF retail space, currently leased.
      Scissors & Scotch | 20 North Wilcox Street, Castle Rock, CO 80104
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,800 SF

      Retail End Cap For Lease

      Highly visible retail space with ample parking and open floorplan.
      4284 Trail Boss Dr, Castle Rock, CO 80104
      View Details
    • Contact for pricing
      1 SF

      Castle Rock Retail Land Opportunity

      Prime Commercial Land, I-25 Visibility
      25 & Crystal Vly Pkwy, Castle Rock, CO 80104
      View Details
    • $2,395,000
      3,000 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
      View Details
    • $1,550,000
      2,113 SF

      Downtown Castle Rock Retail Space

      Retail space in a prime, high-traffic Castle Rock location.
      20 Wilcox St, Castle Rock, CO 80104
      View Details
    • $33 SF/Yr
      2,040 SF

      Castle Rock Auto Shop For Sale

      Prime Downtown Location, 2040 sq ft.
      501 South St, Castle Rock, CO 80104
      View Details
    • Contact for pricing
      200,588 SF

      Castle Rock Mixed-Use Opportunity

      Modern Retail & Office Space in Downtown Castle Rock
      610 Jerry St, Castle Rock, CO 80104
      View Details
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    Castle Rock, CO 80104-1971
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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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