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Property profile & analytics
FOR SALE
Office Spaces
515 Jerry St Castle Rock, CO 80104
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0797418
For Sale
1 / 2
$1,125,000
515 Jerry St, Castle Rock, CO 80104
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,744 SF
Lot
0.2 ac (8,538 SF)
APN
R0075408
UPID
US13-0797418
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$625k
Owner & transaction history
Gao Holdings LLC · 2 yrs held
Gao Holdings LLC
since 2024
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$750,000
+44.9%
Neighborhood: shopping center
$655,000
+26.5%
Retail stores
$595,000
+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
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$515,000
Current use
AUTO REPAIR, GARAGE
$750,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$595,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$560,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$420,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Mar 26 2024)
Last sale anchor
$625k
Mar 26 2024
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
$358 / 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
$13,643
Tax year 2023
Assessed value
$194,630
Assessed 2023
Previous assessed
$194,630
+0.0% YoY
Effective rate
7.01%
On assessed value
Assessed land
$157,210
Assessed improvement
$37,420
Land market value
$563,492
Improvement market value
$134,108
Total market value
$697,600
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
For Sale
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Total area
1,744 SF
Lot
0.2 ac (8,538 SF)
APN
R0075408
UPID
US13-0797418
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
$515,000
AUTO REPAIR, GARAGE
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
RETAIL STORES
Est. value
$595,000
MEDICAL BUILDING
Est. value
$560,000
WAREHOUSE, STORAGE
Est. value
$420,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Gao Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
515 JERRY ST, CASTLE ROCK, CO 80104-1702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
—
Gao Holdings LLC
515 Jerry St LLC
Quit Claim Deed
related
—
Sep 16, 2022
—
515 Jerry St LLC
—
Deed
related
$500,000 · Firstier Bank
Mar 10, 2020
—
515 Jerry St LLC
—
Deed
related
$400,000 · Firstbank
Jan 23, 2020
$625,000
515 Jerry St LLC
5th Avenue Apartments LLC
Grant 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
—
—
—
515 Jerry St LLC
—
Deed Of Trust
related
$400,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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