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Property profile & analytics
FOR LEASE
Strip malls
658 Genoa Way Castle Rock, CO 80109
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2360968
For Lease
1 / 2
$29 SF/Yr
658 Genoa Way, Castle Rock, CO 80109
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2018
Total area
9,975 SF
Lot
1 ac (43,734 SF)
APN
R0600066
UPID
US13-2360968
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
-
SafeSplash Swim School - Castle Rock Tutoring Service
-
Elevation Vision Physician
-
Gracie Barra Castle Rock Training Center Sports School
-
Garrett Evan Moen Physician
-
Apricot Lane Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.37M
CAP Approach
CAP
$3.15M
Comparable Approach
Comparable
$4.72M
Blend (final)
Blend
$4.32M
Owner & transaction history
Sharangaa Holdings LLC · 4 yrs held
Sharangaa Holdings LLC
since 2021
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+44.7%
Auto repair, garage
$4.3M
+14.5%
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
$4,005,000
ML approach
$4,365,000
CAP Approach
CAP Return
Estimation
6%
$3,410,000
6.5%
$3,145,000
7%
$2,920,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,740,000
Current use
RESTAURANT
$5,410,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,285,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$3,400,000
Change: -9% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,385,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$3,200,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.89M – $4.75M · ±10% · vs last sale $4.25M (Aug 6 2021)
Last sale anchor
$4.25M
Aug 6 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
$433 / 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
$125,265
Tax year 2023
Assessed value
$1,029,720
Assessed 2023
Previous assessed
$954,600
+7.9% YoY
Effective rate
12.16%
On assessed value
Assessed land
$204,930
Assessed improvement
$824,790
Land market value
$734,513
Improvement market value
$2,956,237
Total market value
$3,690,750
Applied tax rate
3,400.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2018
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
9,975 SF
Lot
1 ac (43,734 SF)
APN
R0600066
UPID
US13-2360968
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.7M
RESTAURANT
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$4.3M
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2018
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Sharangaa Holdings LLC
Entity
Mailing address
6140 S GUN CLB RD UNIT K6, AURORA, CO 80016-5308
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
$4,250,000
Sharangaa Holdings LLC
Castleton Center LLC
Special Warranty Deed
$3,187,500 · Canvas Cu
Apr 15, 2020
—
Castleton Center LLC
—
Deed
related
$2,500,000 · Westerra Cu
Mar 26, 2019
—
Castleton Center LLC
—
Deed
related
$2,510,000 · Redstone Bk
Jun 26, 2018
—
Country Meadows Dev LLC
—
Deed
related
$375,000 · First Nat'l Bk/las Animas
—
—
Castleton Center LLC
—
Loan Modification
related
$2,510,000 · Redstone Bk
—
—
Castleton Center LLC
—
Deed Of Trust
related
$2,500,000 · Westerra Cu
—
—
Country Meadows Dev LLC
—
Deed Of Trust
related
$375,000 · First Nat'l Bk/las Animas
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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