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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Manufacturing properties
599 Topeka Way Castle Rock, CO 80109-3130
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US13-2703188
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Construction
STEEL FRAME
Total area
24,074 SF
Lot
1.64 ac (71,438 SF)
APN
R0388637
UPID
US13-2703188
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
-
Castle Rock Natural Health-Kathie Lunnon DC Alternative Medicine Practice
-
Advanced Floor Concepts LLC General Contractor Renovation Specialist
-
CORE Off Road Auto Parts Store
-
Reclaim Renew Colorado Furniture & Home Goods Home Decor Store
-
Rex Motors Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.29M
Comparable Approach
Comparable
$4.66M
Blend (final)
Blend
$4.40M
Owner & transaction history
Iron Crown Lllp · 19 yrs held
Iron Crown Lllp
since 2006
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%
$5,725,000
6.5%
$5,285,000
7%
$4,910,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,990,000
Current use
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±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
$183 / 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
$77,848
Tax year 2023
Assessed value
$1,108,240
Assessed 2023
Previous assessed
$628,340
+76.4% YoY
Effective rate
7.02%
On assessed value
Assessed land
$199,310
Assessed improvement
$908,930
Land market value
$714,380
Improvement market value
$3,257,830
Total market value
$3,972,210
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
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
24,074 SF
Lot
1.64 ac (71,438 SF)
APN
R0388637
UPID
US13-2703188
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.0M
INDUSTRIAL (GENERAL) Current
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
2001
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Iron Crown Lllp
Entity
Mailing address
211 SMT BLVD, ENGLEWOOD, CO 80113-7044
Ownership since
2006
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
May 13, 2025
—
Iron Crown Lllp
—
Deed
related
$820,000 · Firstbank
Mar 23, 2020
—
Iron Crown Lllp
—
Deed
related
$950,000 · Wells Fargo Bank NA
Sep 29, 2006
$2,250,000
Iron Crown Lllp
Columbine Business Center LLC
Grant Deed
—
Jan 18, 2006
—
Columbine Business Center LLC
—
Trustees Deed
related
$250,000 · Citywide Banks
Dec 14, 1998
—
David R Campbell
—
Grant Deed
related
$1,050,000 · Matrix Capital Bank
—
—
Columbine Business Center LLC
—
Deed Of Trust
related
$281,000 · Matrix Capital Bank
—
—
Columbine Business Center
—
Deed Of Trust
related
$1,304,877 · Matrix Capital Bank
—
—
Columbine Business Center LLC
—
Deed Of Trust
related
$1,500,000 · Arapahoe Bank & Trust
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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