Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Office Spaces
505 Jerry St Castle Rock, CO 80104-1702
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0646794
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,790 SF
Lot
0.24 ac (10,498 SF)
APN
R0075395
UPID
US13-0646794
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
-
Match Fleet, LLC Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$860k
Owner & transaction history
Sass Land LLC · 5 yrs held
Sass Land LLC
since 2020
Last sale
$890,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$770,000
+44.9%
Neighborhood: shopping center
$670,000
+26.5%
Retail stores
$610,000
+15.0%
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
$1,070,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
AUTO REPAIR, GARAGE
$770,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$575,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $890k (Aug 6 2020)
Last sale anchor
$890k
Aug 6 2020
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
$480 / 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
$14,018
Tax year 2023
Assessed value
$199,760
Assessed 2023
Previous assessed
$189,470
+5.4% YoY
Effective rate
7.02%
On assessed value
Assessed land
$193,310
Assessed improvement
$6,450
Land market value
$692,865
Improvement market value
$23,135
Total market value
$716,000
Applied tax rate
3,287.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
YES
Stories
1
Units
2
Total area
1,790 SF
Lot
0.24 ac (10,498 SF)
APN
R0075395
UPID
US13-0646794
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
COMMERCIAL (GENERAL) Current
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$670,000
RETAIL STORES
Est. value
$610,000
MEDICAL BUILDING
Est. value
$575,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
Yes
Stories
1
Units
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Sass Land LLC
Entity
Mailing address
399 PERRY ST STE #200, CASTLE ROCK, CO 80104-4007
Ownership since
2020
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 4, 2020
—
Sass Land LLC
—
Deed
related
$673,630 · Glacier Bank
Aug 6, 2020
$890,000
Sass Land LLC
5th Avenue Apartments LLC
Warranty Deed
—
Jun 16, 2017
$750,000
5th Avenue Apartments LLC
Castle Springs Land Co LLC
Warranty Deed
—
Mar 14, 2017
$750,000
5th Avenue Apartments LLC
Castle Springs Land Co LLC
Grant Deed
related
—
Mar 14, 2017
—
5th Avenue Apartments LLC
—
Deed
related
$562,500 · Castle Rock Bank
Feb 27, 2017
$750,000
5th Avenue Apartments LLC
Castle Springs Land Company LLC
Warranty Deed
$562,500 · Castle Rock Bank
Apr 19, 1999
—
Castle Springs Land Co LLC
Bailey,mieko N & R V
Quit Claim Deed
related
—
—
—
5th Avenue Apartments LLC
—
Deed Of Trust
related
$562,500 · Castle Rock Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 505 Jerry St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
