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Property profile & analytics
OFF-MARKET
Auto shops
704 Topeka Way, Castle Rock, CO 80109-1568
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US13-1158602
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1986
Construction
STEEL FRAME
Total area
7,680 SF
Lot
2.98 ac (129,896 SF)
APN
R0489998
UPID
US13-1158602
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
-
Ludwig Drilling Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ludwig Holdings LLC · 20 yrs held
Ludwig Holdings LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$33,419
Tax year 2023
Assessed value
$475,750
Assessed 2023
Previous assessed
$338,910
+40.4% YoY
Effective rate
7.02%
On assessed value
Assessed land
$362,410
Assessed improvement
$113,340
Land market value
$1,298,959
Improvement market value
$406,241
Total market value
$1,705,200
Applied tax rate
217.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
7,680 SF
Lot
2.98 ac (129,896 SF)
APN
R0489998
UPID
US13-1158602
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
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
2.98 ac
Current owner
From public records · entity-resolved
Ludwig Holdings LLC
Entity
Mailing address
704 TOPEKA WAY, CASTLE ROCK, CO 80109-1568
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2020
—
Ludwig Holdings LLC
—
Deed
related
—
Jun 21, 2019
—
Ludwig Holdings LLC
—
Grant Deed
related
$2,264,000 · Simmons Bk
Dec 9, 2016
—
Ludwig Holdings LLC
—
Deed
related
$1,141,061 · Keybank USA
Jun 23, 2011
—
Ludwig Holdings LLC
—
Loan Modification
related
$1,671,782 · Keybank USA
Jun 5, 2006
$310,000
Ludwig Holdings LLC
Castle Rock Properties
Warranty Deed
$1,940,000 · Keybank USA
Jun 5, 2006
$1,300,000
Jensen,erik M
Castle Rock Properties
Warranty Deed
—
Apr 23, 2002
—
Rock Properties Castle
—
Deed Of Trust
related
$1,800,000 · Sioux City Ready Mix & Standar
—
—
Ludwig Holdings LLC
—
Loan Modification
related
—
—
—
Ludwig Holdings LLC
—
Loan Modification
related
$1,141,061 · Keybank USA
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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