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    Property profile & analytics

    Castle Rock, CO 80108

    • Golf courses & driving ranges
    • 440 SF
    • 159.00 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0550113
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Golf courses & driving ranges

    Property Details

    Year built
    1981
    Lot size
    159.00 lot acres
    Property size
    440 SF
    Property type
    Golf courses & driving ranges
    APN
    R0490845
    APU
    R0490845

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Castle Rock
    County
    Douglas
    State
    Colorado
    Longitude
    -104.901
    Latitude
    39.4353
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,554
    $97,830
    $4,050
    $101,880
    -
    $350,640
    $14,519
    $365,159

    Comparable in this City

    • Value Estimation
      $645,000
      8,405 SF

      1414 Castle Pnes Pkwy

      COUNTRY CLUB • 8,405 SF
      1414 Castle Pnes Pkwy, Castle Pines, CO 80108-8228
      View Details
    • Value Estimation
      $255,000
      1,408 SF

      6400 Country Clb Dr

      GOLF COURSE • 1,408 SF
      6400 Country Clb Dr, Castle Pines, CO 80108-9010
      View Details
    • Value Estimation
      $285,000
      7,000 SF

      1411 Castlepoint Cir

      GOLF COURSE • 7,000 SF
      1411 Castlepoint Cir, Castle Pines, CO 80108-8287
      View Details
    • Value Estimation
      $365,000
      10,929 SF

      355 Happy Cyn Rd

      COUNTRY CLUB • 10,929 SF
      355 Happy Cyn Rd, Castle Rock, CO 80108
      View Details
    • Value Estimation
      $285,000
      7,500 SF

      5540 Daniels Park Rd

      GOLF COURSE • 7,500 SF
      5540 Daniels Park Rd, Castle Rock, CO 80108
      View Details
    • Value Estimation
      $570,000
      13,710 SF

      1000 Hummingbird Dr

      COUNTRY CLUB • 13,710 SF
      1000 Hummingbird Dr, Castle Rock, CO 80108-9003
      View Details

    Similar Nearby for Sale

    • $3,691,307
      7,234 SF

      Freestanding Retail Center in Castle Rock

      100% leased retail center with diversified tenant mix.
      78 E Allen St, Castle Rock, CO 80108
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    • $1,940,000

      Castle Rock Development Opportunity

      32-acre assemblage for development in Castle Rock, Colorado.
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    • $295,900

      Castle Rock Industrial Property

      Industrial property available for sale in Castle Rock, Colorado.
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    • $49,000
      815 SF

      Retail Boutique Business Opportunity

      Clothing boutique business for sale in Castle Pines, Colorado.
      872 W Happy Canyon Rd, Castle Pines, CO 80108
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    • Contact for pricing

      Castle Pines Retail Land Opportunity

      Prime Retail Pads, High-Income Area, CO
      0 Castle Pne Pkwy, Castle Pines, CO 80108
      View Details
    • $2,700,000

      Land for Sale

      Land available for purchase.
      910 Equinox Dr, Castle Rock, CO 80108
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,266 SF

      Turn-key Restaurant/Retail Space Available

      Restaurant/Retail space for lease in Castle Pines, Colorado.
      363 Village Square Ln, Castle Pines, CO 80108
      View Details
    • $24 SF/Yr
      25,476 SF

      Village Square Restaurant Space

      Prime Castle Pines restaurant space available.
      0 Village Square Dr, Castle Pines, CO 80108
      View Details
    • $21 SF/Yr
      3,826 SF

      Castle Pines Office Space For Sale/Lease

      Prime Castle Pines office suites, various sizes.
      7501 Village Square Dr, Castle Pines, CO 80108
      View Details
    • $1,400 /Mo
      645 SF

      Small Office Condo in Castle Rock

      645 SF office condo with open workspace and kitchenette.
      753 Maleta Ln, Castle Rock, CO 80108
      View Details
    • Contact for pricing
      10,251 SF

      Retail Space Near Major Interchange

      Retail spaces available near I-25 and Founders Pkwy interchange.
      5650 Allen Way, Castle Rock, CO 80108
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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