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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Medical Office Space
850 Happy Cyn Rd, Castle Rock, CO 80108-3908
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2738538
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
5,878 SF
Lot
0.52 ac (22,782 SF)
APN
R0461078
UPID
US13-2738538
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
-
Pineview Dental Dental Office
-
Scott Ryan, DDS Dental Office
-
Jimmy's Photography Wedding Service Photography Service
-
Vonda Muncy Alternative Medicine Practice Acupuncture
-
Joshua Quincy Sharp Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
850 West Happy Canyon LLC · 3 yrs held
850 West Happy Canyon LLC
since 2023
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+69.0%
Auto repair, garage
$2.5M
+33.8%
Commercial (general)
$2.3M
+22.4%
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
$2,340,000
ML approach
$2,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,885,000
Current use
RESTAURANT
$3,190,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,525,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,310,000
Change: +22% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,205,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$2,005,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Jun 29 2023)
Last sale anchor
$2.40M
Jun 29 2023
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
$408 / 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
$32,573
Tax year 2023
Assessed value
$286,990
Assessed 2023
Previous assessed
$409,110
-29.9% YoY
Effective rate
11.35%
On assessed value
Assessed land
$91,530
Assessed improvement
$195,460
Land market value
$328,059
Improvement market value
$700,591
Total market value
$1,028,650
Applied tax rate
3,472.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
5,878 SF
Lot
0.52 ac (22,782 SF)
APN
R0461078
UPID
US13-2738538
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
MEDICAL BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
850 West Happy Canyon LLC
Entity
Mailing address
4735 BASALT RDG CIR, CASTLE ROCK, CO 80108-8034
Ownership since
2023
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
Jun 29, 2023
$2,400,000
850 West Happy Canyon LLC
Sharp Rentals LLC
Special Warranty Deed
$1,704,748 · The Huntington National Bank
Aug 4, 2020
$1,600,000
Sharp Rentals LLC
Chateau In Castle Rock LLC
Grant Deed
$320,000 · Chateau In Castle Rock LLC
Feb 26, 2018
—
Chateau In Castle Rock LLC
—
Deed
related
$550,000 · Guaranty Fed'l S&l
Dec 30, 2014
$1,300,000
Chateau In Castle Rock LLC
Gerbholtz Properties LLC
Grant Deed
$1,795,000 · Live Oak Bkg
Oct 14, 2005
$1,683,000
Gerbholz Properties LLC
Urban Of Village/castle Pines Lll
Grant Deed
$1,283,000 · Lafayette Life Insurance Co
Jun 29, 2005
—
Gerbholz Props LLC
Urban & Village At Castle Pine
Grant Deed
related
—
Sep 20, 2004
—
Urban Of Village/castle Pines Lll
—
Trustees Deed
related
$1,083,000 · Guaranty Bank
—
—
Chateau In Castle Rock LLC
—
Deed Of Trust
related
$1,200,000 · Guaranty Fed'l S&l
—
—
Chateau In Castle Rock LLC
—
Deed Of Trust
related
$550,000 · Guaranty Fed'l S&l
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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