Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6374 Promenade Pkwy Castle Rock, CO 80108-1906

    • Strip malls
    • 115,552 SF
    • 14.04 lot acres
    OFF-MARKET
    Value Estimations
    $18,175,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1562105
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 6374 Promenade Pkwy

    Year built
    2016
    Lot size
    14.04 lot acres
    Property size
    115,552 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    R0490963
    APU
    R0490963

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.876
    Latitude
    39.422
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $867,010
    $1,364,880
    $5,888,900
    $7,253,780
    -
    $4,892,032
    $21,107,168
    $25,999,200

    Comparable in this City

    • Value Estimation
      $1,335,000
      5,732 SF

      830 New Memphis Ct

      SHOPPING CENTER, STRIP CENTER • 5,732 SF
      830 New Memphis Ct, Castle Rock, CO 80108-3317
      View Details
    • Value Estimation
      $965,000
      5,168 SF

      7298 Lagae Rd

      SHOPPING CENTER, STRIP CENTER • 5,168 SF
      7298 Lagae Rd, Castle Pines, CO 80108-9494
      View Details
    • Value Estimation
      $2,615,000
      11,557 SF

      4991 Factory Shops Blvd

      SHOPPING CENTER, STRIP CENTER • 11,557 SF
      4991 Factory Shops Blvd, Castle Rock, CO 80108-3349
      View Details
    • Value Estimation
      $1,745,000
      7,616 SF

      820 New Memphis Ct

      SHOPPING CENTER, STRIP CENTER • 7,616 SF
      820 New Memphis Ct, Castle Rock, CO 80108-3306
      View Details
    • Value Estimation
      $1,335,000
      5,728 SF

      832 New Memphis Ct

      SHOPPING CENTER, STRIP CENTER • 5,728 SF
      832 New Memphis Ct, Castle Rock, CO 80108-3337
      View Details
    • Value Estimation by Request
      6,796 SF

      856 Happy Cyn Rd

      SHOPPING CENTER, STRIP CENTER • 6,796 SF
      856 Happy Cyn Rd, Castle Rock, CO 80108-3909
      View Details

    Similar Nearby for Sale

    • $3,691,307
      7,234 SF

      Freestanding Retail Center in Castle Rock

      100% leased retail center with diversified tenant mix.
      78 E Allen St, Castle Rock, CO 80108
      View Details
    • Contact for pricing
      2,754 SF

      Mixed-Use Center in Castle Pines

      Mixed-use neighborhood center in a prestigious South Denver suburb.
      858 W Happy Canyon Rd, Castle Pines, CO 80108
      View Details
    • Contact for pricing

      Castle Pines Retail Land Opportunity

      Prime Retail Pads, High-Income Area, CO
      0 Castle Pne Pkwy, Castle Pines, CO 80108
      View Details
    • $140,000

      Established Nail Spa and Salon

      Nail spa and salon in a rapidly growing community.
      5646 Allen Way, Castle Rock, CO 80108
      View Details
    • $1,940,000

      Castle Rock Development Opportunity

      32-acre assemblage for development in Castle Rock, Colorado.
      996 Pawnee Trl, Castle Rock, CO 80108
      View Details
    • $295,900

      Castle Rock Industrial Property

      Industrial property available for sale in Castle Rock, Colorado.
      4390 Regent, Castle Rock, CO 80108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,251 SF

      Retail Space Near Major Interchange

      Retail spaces available near I-25 and Founders Pkwy interchange.
      5650 Allen Way, Castle Rock, CO 80108
      View Details
    • $24 SF/Yr
      1,266 SF

      Turn-key Restaurant/Retail Space Available

      Restaurant/Retail space for lease in Castle Pines, Colorado.
      363 Village Square Ln, Castle Pines, CO 80108
      View Details
    • $24 SF/Yr
      25,476 SF

      Village Square Restaurant Space

      Prime Castle Pines restaurant space available.
      0 Village Square Dr, Castle Pines, CO 80108
      View Details
    • $21 SF/Yr
      3,826 SF

      Castle Pines Office Space For Sale/Lease

      Prime Castle Pines office suites, various sizes.
      7501 Village Square Dr, Castle Pines, CO 80108
      View Details
    • $1,400 /Mo
      645 SF

      Small Office Condo in Castle Rock

      645 SF office condo with open workspace and kitchenette.
      753 Maleta Ln, Castle Rock, CO 80108
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6374 Promenade Pkwy
    Castle Rock, CO 80108-1906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.