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    Property profile & analytics

    675 Genoa Way Castle Rock, CO 80109

    • Outlet malls
    • 27,395 SF
    • 2.94 lot acres
    For Sale
    View listing
    $12,250,000
    Last Sale
    Jul 02, 2021
    $10,800,000
    Value Estimations
    Cap Rate Potential
    5.5%
    Outlet malls
    Location Intelligence
    Property ID
    US13-0145044
    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

    • Bubbles Liquor World / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • CoinFlip Bitcoin ATM / Commercial Agent / Currency Exchange Service
    • Kimsey Investments LLC / Financial Advisor

    Property Details for 675 Genoa Way

    Year built
    2004
    Lot size
    2.94 lot acres
    Property size
    27,395 SF
    Property type
    Outlet malls
    APN
    R0402466
    APU
    R0402466

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,180,000
      ML approach
      $9,280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,405,000
      6.5%
      $8,680,000
      7%
      $8,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,017,000
      Market price range: $7.32M - $13.8M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $9,335,000
      Current use
      RESTAURANT
      $14,860,000
      Change: +59% Conversion: Easy
      AUTO REPAIR, GARAGE
      $11,765,000
      Change: +26% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $10,270,000
      Change: +10% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $9,290,000
      Change: -0% Conversion: Easy
      MEDICAL BUILDING
      $8,795,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.87
    Latitude
    39.4111
    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
    2023
    $224,949
    $650,290
    $1,604,450
    $2,254,740
    -
    $2,330,801
    $5,750,724
    $8,081,525

    Comparable in this City

    • Value Estimation
      $7,195,000
      44,400 SF

      701 Pr Hawk Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 44,400 SF
      701 Pr Hawk Dr, Castle Rock, CO 80109-8001
      View Details
    • Value Estimation
      $5,355,000
      10,734 SF

      3990 Limelight Ave

      SHOPPING CENTER, STRIP CENTER • 10,734 SF
      3990 Limelight Ave, Castle Rock, CO 80109-8035
      View Details
    • Value Estimation
      $2,890,000
      12,478 SF

      3993 Limelight Ave, Unit A

      SHOPPING CENTER, STRIP CENTER • 12,478 SF
      3993 Limelight Ave, Castle Rock, CO 80109-8033
      View Details
    • Value Estimation
      $3,585,000
      21,509 SF

      3855 Ambrosia St

      SHOPPING CENTER, STRIP CENTER • 21,509 SF
      3855 Ambrosia St, Castle Rock, CO 80109-3959
      View Details
    • Value Estimation
      $4,505,000
      27,470 SF

      4700 Castleton Way

      SHOPPING CENTER, STRIP CENTER • 27,470 SF
      4700 Castleton Way, Castle Rock, CO 80109-7896
      View Details
    • Value Estimation
      $4,320,000
      9,975 SF

      658 Genoa Way

      SHOPPING CENTER, STRIP CENTER • 9,975 SF
      658 Genoa Way, Castle Rock, CO 80109-3891
      View Details

    Similar Nearby for Sale

    • $12,250,000
      27,395 SF

      Castle Rock Retail Opportunity

      Retail property in Castle Rock, Colorado, near I-25.
      675 Genoa Way, Castle Rock, CO 80109
      View Details
    • $412,000
      1,416 SF

      Pristine Condo with Attached Garage

      3-bedroom, 3-bath condo in excellent condition with attached 2-car garage.
      1474 Bergen Rock St, Castle Rock, CO 80109
      View Details
    • $2,095,000
      4,525 SF

      Updated Flex Space in Castle Rock

      Flex space with luxury finishes and convenient highway access.
      738 W Castleton Rd, Castle Rock, CO 80109
      View Details
    • $2,261,853

      Commercial Land in Castle Rock

      3.1 acres of commercial land for sale in Castle Rock.
      Castleton Ct, Castle Rock, CO 80109
      View Details
    • $599,900

      Land For Sale

      Land available for sale.
      3100 Castle Butte Dr, Castle Rock, CO 80109
      View Details
    • $2,150,000

      Land For Sale

      Land available for sale in Castle Rock, Colorado.
      N Meadows Dr, Castle Rock, CO 80109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,356 SF

      Retail Space in Castle Rock

      Retail space available for lease in Castle Rock, Colorado.
      800 Kinner St, Castle Rock, CO 80109
      View Details
    • $29 SF/Yr
      2,055 SF

      Retail Space Near Castle Rock

      Retail space near Castle Rock Outlets with great access.
      658 Genoa Way, Castle Rock, CO 80109
      View Details
    • Contact for pricing

      Land for Lease on Parkway

      Commercial land available for ground lease on The Meadows Parkway.
      1361 Meadows Pkwy, Castle Rock, CO 80109
      View Details
    • $285 SF/Yr
      1,008 SF

      Castle Rock Commercial Land Lease

      1.49 Acres, Fenced Yard, Office Space
      646 Prairie Hawk Dr, Castle Rock, CO 80109
      View Details
    • Contact for pricing
      1,365 SF

      Medical Office Space For Rent

      Class A medical office space within AdventHealth Castle Rock campus.
      2532 Meadows Blvd, Castle Rock, CO 80109
      View Details
    • $14 SF/Yr
      5,780 SF

      Castle Rock Production and Shipping

      Former bakery production and shipping center available for rent.
      651 Topeka Way, Castle Rock, CO 80109
      View Details
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    675 Genoa Way
    Castle Rock, CO 80109
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    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
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