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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Office Spaces
478 Happy Cyn Rd, Castle Rock, CO 80108
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0040982
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1982
Construction
WOOD FRAME
Total area
7,408 SF
Lot
1.92 ac (83,635 SF)
APN
R0433097
UPID
US13-0040982
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
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.74M
Owner & transaction history
Majestic Bealty LLC · 4 yrs held
Majestic Bealty LLC
since 2021
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%
$1,545,000
6.5%
$1,425,000
7%
$1,320,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,775,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$2,525,000
Change: -13% · Conversion: Easy
MEDICAL BUILDING
$2,380,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±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
$235 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$49,034
Tax year 2021
Assessed value
$723,390
Assessed 2023
Previous assessed
$429,670
+68.4% YoY
Effective rate
6.78%
On assessed value
Assessed land
$280,010
Assessed improvement
$443,380
Land market value
$1,003,622
Improvement market value
$1,589,178
Total market value
$2,592,800
Applied tax rate
3,472.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
1
Total area
7,408 SF
Lot
1.92 ac (83,635 SF)
APN
R0433097
UPID
US13-0040982
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1982
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
Majestic Bealty LLC
Entity
Free & Clear · 4 yrs held
Mailing address
100 SAINT PAUL ST STE #200, DENVER, CO 80206-5136
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2021
—
Majestic Bealty LLC
Sycamore Brokerage LLC
Warranty Deed
—
Dec 5, 2019
—
Cic Building Acquisition LLC
—
Deed
related
$980,000 · Fortis Private Bank
Jul 29, 2016
—
Cic Building Acquisition LLC
—
Deed
related
$813,281 · Firstbank
May 21, 2004
—
Lexi Dev LLC
Lexi Golf LLC
Quit Claim Deed
related
—
May 21, 2004
$1,285,000
Cic Building Acquisition LLC
Lexi Dev LLC
Grant Deed
$650,000 · First Bank Tech Center
Apr 13, 2004
$16,500,000
Lexi Dev LLC
Fidelity Castle Pines Ltd
Grant Deed
—
Apr 13, 2004
—
Lexi Dev LLC
Fidelity Castle Pines Ltd
Deed Of Trust
related
$16,300,000 · Vestin Mortgage INC
—
—
Cic Building Acquisition LLC
—
Deed Of Trust
related
$813,281 · Firstbank
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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