Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Manufacturing properties
738 Castleton Rd Castle Rock, CO 80109-7513
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1015686
Property summary
AI-generated overview
This exceptional 4,525-square-foot office/industrial property in Castle Rock, Colorado, presents a unique investment opportunity. Located at 738 Castleton Road, zip code 80109, this single-tenant building boasts a flexible layout suitable for executive office, flex, or creative office uses. Built in 2004, the two-story structure sits on a 0.322-acre lot and offers convenient access to major highways and the new developments at the Castle Rock Promenade. The property features a significant advantage with six drive-in bays, ideal for loading, unloading, or specialized business needs. High ceilings, measuring 11 feet, contribute to a spacious and adaptable interior. Previously utilized as a cigar and whiskey club, this versatile space is ready for a new owner to envision and implement their business plan. The property's location in the Castle Rock submarket offers excellent visibility and accessibility. The entire 4,525 square feet is currently vacant, providing immediate occupancy for a new tenant or owner-occupier. This live/work potential makes it an attractive option for a variety of businesses.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Total area
4,525 SF
Lot
0.32 ac (14,026 SF)
APN
R0459910
UPID
US13-1015686
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$695k
Owner & transaction history
Castleton Road II LLC · 4 yrs held
Castleton Road II LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.0M
+11.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$940,000
Current use
WAREHOUSE, STORAGE
$1,045,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$154 / 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
$20,300
Tax year 2023
Assessed value
$201,990
Assessed 2023
Previous assessed
$201,990
+0.0% YoY
Effective rate
10.05%
On assessed value
Assessed land
$54,850
Assessed improvement
$147,140
Land market value
$196,612
Improvement market value
$527,388
Total market value
$724,000
Applied tax rate
185.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2004
Heating
SPACE
Stories
2
Total area
4,525 SF
Lot
0.32 ac (14,026 SF)
APN
R0459910
UPID
US13-1015686
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
INDUSTRIAL (GENERAL) Current
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
SPACE
Stories
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Castleton Road II LLC
Entity
Mailing address
200 S WILCOX ST #301, CASTLE ROCK, CO 80104-1913
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
Castleton Road II LLC
Lincoln Parker Auto LLC
Correction Deed
related
$785,000 · Berkley Bank
Oct 15, 2020
$795,000
Js Equities LLC
Castleton Road I LLC
Grant Deed
$645,000 · Castleton Road II LLC
Dec 18, 2019
—
Castleton Road Il LLC
Lincoln Park Auto LLC
Quit Claim Deed
related
—
Nov 4, 2019
$2,200,000
Lincoln Parker Auto LLC
736 W Castleton Road C LLC
Grant Deed
$700,674 · Inbank
Aug 15, 2019
—
736 W Castleton Road C LLC
—
Deed
related
$75,000 · Berkley Bk
Jul 10, 2018
—
736 W Castleton Road C LLC
—
Deed
related
$25,000 · Colorado Busn Bk
Oct 20, 2016
—
736 W Castleton Road #c LLC
—
Deed
related
$1,190,000 · Colorado Business Bank
Aug 21, 2012
$365,000
736 W Castleton Road C LLC
Castleton Road Auto Center LLC
Grant Deed
related
$188,107 · Firstbank NA
Sep 9, 2011
—
Castleton Road Auto Center LLC
Pfister,william A
Quit Claim Deed
related
—
Aug 11, 2008
—
William A Pfister
—
Trustees Deed
related
$225,000 · Firstbank Of Cherry Creek
Nov 14, 2005
—
William A Pfister
Castleton Road Auto Ctr LLC
Quit Claim Deed
related
—
Sep 13, 2005
$1,070,000
William A Pfister
Castleton Road Auto Center LLC
Grant Deed
—
Jun 17, 2004
—
Castleton Road Auto Center LLC
—
Trustees Deed
related
$1,950,000 · First National Bank Strasburg
May 20, 2004
—
Castleton Road Auto Center LLC
Pfister,william A
Quit Claim Deed
related
$1,950,000 · First National Bank Strasburg
—
—
736 W Castleton Road C LLC
—
Deed Of Trust
related
$25,000 · Colorado Busn Bk
—
—
William A Pfister
—
Deed Of Trust
related
$100,000 · Firstbank Of Cherry Creek
—
—
Castleton Road Auto Center LLC
—
Deed Of Trust
related
$225,000 · Colorado Community Bank
—
—
736 W Castleton Road C LLC
—
Deed Of Trust
related
$157,000 · Colorado Lending Source Ltd
—
—
736 W Castleton Road C LLC
—
Deed Of Trust
related
$75,000 · Berkley Bk
—
—
William A Pfister
—
Deed Of Trust
related
$3,000,000 · Firstbank Of Cherry Creek
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 738 Castleton Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
