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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Strip malls
729 Barranca Dr Castle Rock, CO 80104-7418
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US13-0845551
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
14,396 SF
Lot
1.32 ac (57,499 SF)
APN
R0459801
UPID
US13-0845551
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
-
Rock Cleaners (Bike/Boat/Book/etc) Store
-
Coco massage Alternative Medicine Practice Spa & Massage Center
-
Han Lee's Taekwondo Academy Training Center Sports School
-
Castle Rock Barbers Barber Shop
-
Verizon Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.42M
Owner & transaction history
Hw Lee Group LLC · 21 yrs held
Hw Lee Group LLC
since 2004
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,920,000
6.5%
$4,540,000
7%
$4,220,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,395,000
Current use
RETAIL STORES
$4,905,000
Change: -9% · Conversion: Easy
MEDICAL BUILDING
$4,620,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.42M
Range $3.08M – $3.76M · ±10%
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
$238 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$93,139
Tax year 2021
Assessed value
$1,486,100
Assessed 2023
Previous assessed
$1,486,100
+0.0% YoY
Effective rate
6.27%
On assessed value
Assessed land
$224,590
Assessed improvement
$1,261,510
Land market value
$804,989
Improvement market value
$4,521,531
Total market value
$5,326,520
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
14,396 SF
Lot
1.32 ac (57,499 SF)
APN
R0459801
UPID
US13-0845551
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
$5.4M
RETAIL STORES
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2005
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Hw Lee Group LLC
Entity
Mailing address
729 BARRANCA DR UNIT #101, CASTLE ROCK, CO 80104-7418
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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
Jan 3, 2025
—
The Hw Lee Group LLC
—
Deed
related
$950,000 · Independent Bank
Sep 16, 2022
—
Hw Lee Group LLC
—
Deed
related
$500,000 · Independent Bank
Jan 16, 2020
—
Hw Lee Group LLC
—
Deed
related
$1,650,859 · Wells Fargo Bk
May 13, 2005
—
Hw Lee Group LLC
—
Trustees Deed
related
$1,981,800 · Castle Rock Bank
Dec 28, 2004
$500,000
Hw Lee Group LLC
Vista Village LLC
Grant Deed
$400,000 · Castle Rock Bank
Dec 22, 2004
—
Lee Group LLC
Vista Village LLC
Grant Deed
related
—
—
—
Hw Lee Group LLC
—
Deed Of Trust
related
$184,941 · Castle Rock Bank
—
—
Hw Lee Group LLC
—
Deed Of Trust
related
$991,000 · Community Economic Dev Co Co
—
—
Hw Lee Group LLC
—
Deed Of Trust
related
$962,996 · Castle Rock Bank
—
—
Hw Lee Group LLC
—
Loan Modification
related
$1,650,859 · Wells Fargo Bk
—
—
Hw Lee Group LLC
—
Deed Of Trust
related
$1,431,433 · Solera National Bank
—
—
Hw Lee Group LLC
—
Deed Of Trust
related
$250,000 · Solera National Bank
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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