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Property profile & analytics
FOR SALE
Outlet malls
675 Genoa Way Castle Rock, CO 80109
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0145044
For Sale
1 / 18
$12,250,000
675 Genoa Way, Castle Rock, CO 80109
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Total area
27,395 SF
Lot
2.94 ac (128,066 SF)
APN
R0402466
UPID
US13-0145044
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
-
Bubbles Liquor World (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
CoinFlip Bitcoin ATM Money Transfer Service Atm
-
Kimsey Investments LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.28M
CAP Approach
CAP
$8.68M
Comparable Approach
Comparable
$10.02M
Blend (final)
Blend
$9.96M
Owner & transaction history
Kimsey Properties LLC · 5 yrs held
Kimsey Properties LLC
since 2021
Last sale
$10.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.9M
+59.2%
Auto repair, garage
$11.8M
+26.0%
Neighborhood: shopping center
$10.3M
+10.0%
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
$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
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
Blend value · Realmo final
$9.96M
Range $8.96M – $10.96M · ±10% · vs last sale $10.80M (Jul 2 2021)
Last sale anchor
$10.80M
Jul 2 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
$364 / 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
$224,949
Tax year 2023
Assessed value
$2,254,740
Assessed 2023
Previous assessed
$1,900,200
+18.7% YoY
Effective rate
9.98%
On assessed value
Assessed land
$650,290
Assessed improvement
$1,604,450
Land market value
$2,330,801
Improvement market value
$5,750,724
Total market value
$8,081,525
Applied tax rate
2,375.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
2004
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
27,395 SF
Lot
2.94 ac (128,066 SF)
APN
R0402466
UPID
US13-0145044
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
RETAIL STORES Current
Est. value
$9.3M
RESTAURANT
Est. value
$14.9M
AUTO REPAIR, GARAGE
Est. value
$11.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$8.8M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Kimsey Properties LLC
Entity
Mailing address
9365 E HARVARD AVE, DENVER, CO 80231-7649
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
Sep 22, 2021
—
Kimsey Properties LLC
—
Deed
related
$4,424,000 · B Side Capital
Jul 2, 2021
$10,800,000
Kimsey Properties LLC
Genoa Way LLC
Special Warranty Deed
$5,456,608 · Collegiate Peaks Bank
Mar 30, 2016
$12,800,000
Genoa Way LLC
Krier Investments LLC
Special Warranty Deed
$4,200,000 · Brookline Bank
Jun 11, 2010
$4,923,100
Kimsey Investments LLC
Sunshine Real Property
Grant Deed
$4,998,000 · Celtic Bank Corp
Mar 20, 2006
—
Sunshine Real Property LLC
—
Deed Of Trust
related
$1,500,022 · Citywide Banks
—
—
Sunshine Real Property LLC
—
Deed Of Trust
related
$4,203,979 · Citywide Banks
—
—
Sunshine Real Property LLC
—
Deed Of Trust
related
$4,200,000 · Guaranty Bank
—
—
Sunshine Real Property LLC
—
Deed Of Trust
related
$7,920 · Citywide Banks
—
—
Sunshine Real Property LLC
—
Deed Of Trust
related
$1,800,000 · Guaranty Bank
—
—
Sunshine Real Property LLC
—
Deed Of Trust
related
$4,500,000 · Guaranty Bank
—
—
Sunshine Real Property LLC
—
Deed Of Trust
related
$237,027 · Citywide Banks
—
—
Sunshine Real Property LLC
—
Deed Of Trust
related
$131,362 · Citywide Banks
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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