703 Wilcox St Castle Rock, CO 80104-1700
- Strip malls
- 7,000 SF
- 0.32 lot acres
Feb 19, 2021
Current Use by Public Records
- The Donut House / Bakery / Discount Store
- Fulcrum Jiu Jitsu Academy / Training Center / Sports School
- Calico Salon / Hair Salon / Nail Salon
- Tropical Paradise / Physician
- Planet Scuba / Travel Agency
Property Details for 703 Wilcox St
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.32 lot acres
- Property size
- 7,000 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- R0443383
- APU
- R0443383
Description
This exceptional 1,100 square-foot creative office space is located in the vibrant Base of the Rock Centre in downtown Castle Rock, Colorado. Situated at 703 Wilcox St, 80104, this Class B property offers a prime location with excellent visibility and convenient access. The space is part of a single-story, 14,000 square-foot building featuring ten suites and ample parking, including front and rear access, plus alley access. Currently available as shell space, this unit (approximately 22 feet wide by 50 feet deep) provides flexibility for tenant build-out to suit retail or office needs (excluding food service). The space benefits from strong neighboring businesses, including Fulcrum Academy, Donut House, Scuba Planet, Calico Salon, and Royal Surfaces, with recent additions like Snarf's Sandwiches and a soon-to-open 220-unit apartment complex. The monthly gross rent is $28.50 per square foot, encompassing all expenses except utilities, and is negotiable depending on tenant improvement requirements. Signage rights on the building and monument sign are included. This is an outstanding opportunity to establish a presence in a thriving downtown Castle Rock location. The minimum divisible space is 900 square feet, with a maximum contiguous space of 2,000 square feet.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,840,000
- ML approach
- $1,850,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,395,000
- 6.5%
- $2,210,000
- 7%
- $2,050,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,837,000
Market price range: $1.84M - $3.40M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,625,000 Current use
- AUTO REPAIR, GARAGE
- $3,005,000 Change: +15% Conversion: Difficult
- RETAIL STORES
- $2,385,000 Change: -9% Conversion: Easy
- MEDICAL BUILDING
- $2,245,000 Change: -14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Castle Rock
- County
- Douglas
- State
- Colorado
- Longitude
- -104.86
- Latitude
- 39.3767
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
