For Sale
$914,483

1010 South St Castle Rock, CO 80104

High-yield warehouse, 7.25% cap rate.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a single-tenant warehouse building in Castle Rock, Colorado. The property, located at 1010 South St, 80104, boasts 2,100 square feet of main floor space plus a 450-square-foot mezzanine, totaling 2,550 net rentable square feet. Currently leased to a roofing company under a triple-net (NNN) lease with a three-year term, the property offers a strong annual net operating income (NOI) of $66,300, resulting in a compelling 7.25% capitalization rate. The asking price is $914,483, with a price per square foot of $430. The building features a 23' 6.50" ceiling height, energy-efficient LED lighting, insulated masonry construction, and a 14' x 14' overhead door with operators. Additional amenities include finished private restrooms, 24/7 access, wide paved aisles, and a 1,410-square-foot backlot/yard. The property is zoned for Light Industrial, Office, Warehousing, Storage, Flex, and Retail uses, offering versatility for future tenants. Balconies are available on select units. This is an ideal investment for those seeking a stable, high-return property in a desirable location.

Highlights

  • Ideal for small businesses and storage.
  • Insulated masonry construction.
  • 1,410 SF backlot/yard.
  • Energy-efficient LED lighting.
  • 450 SF mezzanine.
  • Finished private restrooms.

Property Details for 1010 South St

Property type
Warehouses, Industrial properties
Square Feet
2,100 SF
Units
1

Location Insight

City
Castle Rock
County
Douglas
State
Colorado
Latitude
39.369418
Longitude
-104.8472345

FAQs

What type of property is this?
Warehouse - High-yield warehouse, 7.25% cap rate.
Where is the warehouse located?
The property is located at 1010 South St Castle Rock, CO.
What is the asking price?
The asking price for this property is $914,483.
What are key features of this property?
This property features: Ideal for small businesses and storage.; Insulated masonry construction.; 1,410 SF backlot/yard.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1010 South St
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