734 Wilcox St Castle Rock, CO 80104
- Office Properties & Spaces
- 10,088 SF
- 0.48 lot acres
Current Use by Public Records
- Kanchanlal Vikash DDS / Dentist
- Shelly Hall American Family Insurance / Insurance Agency
- Toscano & Co. / Hair Salon
- Maryanne Averill / Real Estate Agent
- Mitchell Detox Helpline / Rehabilitation Center / Addiction Treatment Center
Property Details for 734 Wilcox St
- Year built
- 2007
- Lot size
- 0.48 lot acres
- Property size
- 10,088 SF
- Property type
- Office Properties & Spaces
- APN
- R0473943
- APU
- R0473943
Description
This exceptional 8,969-square-foot Class B medical office building, constructed in 2007, presents a fantastic investment opportunity in Castle Rock, Colorado. Located at 734 Wilcox Street, this two-story building boasts a prime location at the north end of town, offering excellent visibility and accessibility. The property sits on a 0.48-acre lot and features convenient on-street parking as well as a private parking lot. Currently, 2,559 square feet of space is available for lease, making it ideal for expansion or a new tenant. The building is zoned for commercial use and includes amenities such as elevators. Its thriving tenant mix includes established businesses like Crowfoot Coffee, American Family Insurance, Envision Clinic, Kat Pro Studio, and a new Michoacán Ice Cream Shop, ensuring a vibrant and busy atmosphere. The property benefits from its proximity to The View, a significant new mixed-use development featuring a public parking structure, further enhancing its appeal and accessibility. This is a rare opportunity to acquire a well-located, modern medical office building in a rapidly growing area of Douglas County, Colorado, with easy access to I-25 and a strong existing tenant base. The building's modern design and convenient location make it an attractive option for a variety of medical practices. The available space offers flexibility for customization to suit specific business needs.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,170,000
- ML approach
- $2,295,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,100,000
- 6.5%
- $1,940,000
- 7%
- $1,800,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,638,000
- AI Estimate
- $1,504,000
Market price range: $2.05M - $3.69MMarket price range: $665k - $2.54M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,990,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,780,000 Change: +27% Conversion: Difficult
- RETAIL STORES
- $3,435,000 Change: +15% Conversion: Easy
- MEDICAL BUILDING
- $3,240,000 Change: +8% Conversion: Easy
- WAREHOUSE, STORAGE
- $2,420,000 Change: -19% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Castle Rock
- County
- Douglas
- State
- Colorado
- Longitude
- -104.86
- Latitude
- 39.3779
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
