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Property profile & analytics
OFF-MARKET
Estimated value
$4,125,000
Medical Office Space
4348 Woodlands Blvd, Castle Rock, CO 80104-2814
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-1172962
Property summary
AI-generated overview
This exceptional Class A office building, constructed in 2008, offers 20,307 square feet of space in Castle Rock, Colorado. Located at 4348 Woodlands Blvd, at the southeast corner of Founders Parkway and Woodlands Boulevard, this two-story building boasts excellent visibility and convenient access to Interstate 25. The property features 101 parking spaces and a single elevator. Suites range from a minimum of 2,039 square feet to a maximum contiguous space of 3,954 square feet, with a total of 5,993 square feet currently vacant. The building's 11-foot ceilings provide ample space, and while currently configured for standard office use, the suites are easily adaptable for medical office needs. The building is zoned B2 and has a building floor area ratio (FAR) of 0.37. Its prime location offers outstanding views and is surrounded by numerous dining and service amenities. This property presents a unique opportunity for businesses seeking a high-quality, well-located office space in the thriving Parker/Castle Rock submarket of Denver. The APN is 2351-264-02-023.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
20,579 SF
Lot
1.26 ac (54,886 SF)
APN
R0467079
UPID
US13-1172962
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
-
Arthur & Associates - Workers Comp Experts Insurance Agency
-
DaVita Red Hawk Dialysis Medical Clinic
-
The Point Business Service Center Corporate Office
-
Colorado Pain Care - Castle Rock Physician
-
Little Patricia L MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.55M
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$4.13M
Owner & transaction history
Triplecross LLC · 7 yrs held
Triplecross LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,920,000
6.5%
$4,545,000
7%
$4,220,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,605,000
Current use
COMMERCIAL (GENERAL)
$6,095,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±10%
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
$200 / 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
$134,641
Tax year 2023
Assessed value
$1,925,100
Assessed 2023
Previous assessed
$1,757,690
+9.5% YoY
Effective rate
6.99%
On assessed value
Assessed land
$214,380
Assessed improvement
$1,710,720
Land market value
$768,398
Improvement market value
$6,131,602
Total market value
$6,900,000
Applied tax rate
217.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
YES
Cooling
YES
Stories
2
Total area
20,579 SF
Lot
1.26 ac (54,886 SF)
APN
R0467079
UPID
US13-1172962
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
MEDICAL BUILDING Current
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.1M
MEDICAL BUILDING Current
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
2008
Heating
YES
Cooling
Yes
Stories
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
Triplecross LLC
Entity
Mailing address
5400 WILLOW CRK RD, CASTLE ROCK, CO 80104-9769
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
—
Triplecross LLC
—
Deed
related
$220,000 · Bmo Bank NA
Nov 20, 2018
$6,063,000
Triplecross LLC
First Equity Investments LLC
Warranty Deed
—
Sep 14, 2012
$3,300,000
First Equity Investments LLC
Great Wstrn Bk
Grant Deed
$2,410,000 · Corefirst Bank & Trust
Feb 24, 2012
—
Great Wstrn Bk
Public Trustee Of Douglas Cnty
Trustees Deed
related
—
Jun 6, 2007
—
Rlb Corp
—
Trustees Deed
related
$4,817,350 · Colorado Capital Bank
—
—
Rlb Corp
—
Deed Of Trust
related
$650,000 · First Community Bank
—
—
Rlb Corp
—
Deed Of Trust
related
$215,900 · Great Western Bank
—
—
Rlb Corp
—
Deed Of Trust
related
$4,500,000 · First Community Bank
—
—
Rlb Corp
—
Deed Of Trust
related
—
—
—
Rlb Corp
—
Deed Of Trust
related
—
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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