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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Manufacturing properties
607 Gilbert St Castle Rock, CO 80104-2332
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-1067199
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Total area
12,000 SF
Lot
2.01 ac (87,556 SF)
APN
R0353906
UPID
US13-1067199
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 Appliance Repair Experts Home Appliance Store
-
Denver Signs & Graphics (Bike/Boat/Book/etc) Store Printing Service
-
Canna Brothers Distribution Big Box & Wholesale Store
-
Good Water Company General Contractor
-
H3L Labs, LLC Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.52M
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
$3.52M
Blend (final)
Blend
$3.55M
Owner & transaction history
Dld Properties LLC · 5 yrs held
Dld Properties LLC
since 2021
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.2M
+107.2%
Neighborhood: shopping center
$4.5M
+80.9%
Retail stores
$4.1M
+64.4%
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
$3,370,000
ML approach
$3,515,000
CAP Approach
CAP Return
Estimation
6%
$2,855,000
6.5%
$2,635,000
7%
$2,445,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,485,000
Current use
AUTO REPAIR, GARAGE
$5,155,000
Change: +107% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,500,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$4,090,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$3,850,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,555,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10% · vs last sale $3.58M (Mar 23 2021)
Last sale anchor
$3.58M
Mar 23 2021
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
$296 / 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
$39,084
Tax year 2021
Assessed value
$924,470
Assessed 2023
Previous assessed
$578,120
+59.9% YoY
Effective rate
4.23%
On assessed value
Assessed land
$109,930
Assessed improvement
$814,540
Land market value
$394,000
Improvement market value
$2,919,500
Total market value
$3,313,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1976
Heating
SPACE
Buildings
4
Stories
1
Rooms
6
Bathrooms
3
Total area
12,000 SF
Lot
2.01 ac (87,556 SF)
APN
R0353906
UPID
US13-1067199
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
$2.5M
AUTO REPAIR, GARAGE
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
RETAIL STORES
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.6M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1976
Heating
SPACE
Stories
1
Buildings
4
Rooms
6
Bathrooms
3
Lot
2.01 ac
Current owner
From public records · entity-resolved
Dld Properties LLC
Entity
Mailing address
1091 COLT CIR, CASTLE ROCK, CO 80109-9602
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
—
Dld Properties LLC
—
Deed
related
$1,363,782 · Zb NA
Mar 23, 2021
$3,575,000
Dld Properties LLC
B2b Property LLC
Special Warranty Deed
—
Nov 10, 2015
$290,000
Ron D Griffith
Us Bank NA Series 2007-1
Grant Deed
—
Jun 9, 2015
—
Ron D Griffith
—
Trustees Deed
related
$326,687 · Merchants Mtg
Nov 25, 2014
$165,430
Us Bank NA Series 2007-1 Tr
Boller,harry E
Deed In Lieu Of Foreclosure
related
—
Nov 19, 1998
—
Harry E Boller
Boller,harry E
Quit Claim Deed
related
$25,000 · Unicor Funding INC
—
—
John E Nellessen
—
Deed Of Trust
related
$850,000 · Firstbank Of Douglas County NA
—
—
Harry E Boller
—
Deed Of Trust
related
$196,000 · First Millennium Mortgage LLC
—
—
Ron D Griffith
—
Deed Of Trust
related
$68,000 · Soopers Cu
—
—
Harry E Boller
—
Deed Of Trust
related
$42,950 · Wells Fargo Fin'l Colorado INC
—
—
Harry E Boller
—
Deed Of Trust
related
$241,000 · Residential Mortgage Assistanc
—
—
Harry E Boller
—
Deed Of Trust
related
$256,500 · Homefield Financial INC
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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