309 Jerry StCastle Rock, CO 80104

Property Details for 309 Jerry St

Year built

1940

Construction

WOOD FRAME

Lot size

0.16 AC

Property size (Sq ft)

5,097 SF

Property type

Office properties

APN

R0071415

APU

R0071415

Description

This exceptional 6,199 square foot Class B office building, located at 309 Jerry Street in the heart of Downtown Castle Rock, Colorado (zip code 80104), presents a unique investment opportunity. The property boasts a prime location, offering unparalleled access to a vibrant array of amenities including restaurants, coffee shops, bars, and outdoor recreational spaces, all within a short distance. Built across two stories, this renovated building (2016) features twelve individual suites, with one currently available at 375 square feet. The building is zoned for Commercial Downtown Overlay use. While it offers the convenience of a central location, the building maintains a quiet and peaceful atmosphere, ideal for focused work or client meetings. The property includes six parking spaces, but does not have an elevator. This is a multi-tenant building situated in the Castle Rock submarket, specifically within the Downtown Castle Rock submarket cluster, offering excellent visibility and accessibility. The property's blend of traditional and creative office space makes it suitable for a variety of businesses. This is an excellent opportunity to secure a presence in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,114,888

  6.5%

  $1,029,128

  7%

  $955,618

• Comparable approach

  Method

  Valuation

  Relative Method

  $421,114

  Geo Method

  $421,114

• Alternative Use

  Use

  Valuation

  Residential

  $1,276,118

  Hospitality

  $1,168,917

  Educational

  $972,526

  Medical

  $1,005,972

  Retail

  $1,512,818

Location Insight

City

Castle Rock

County

Douglas

State

Colorado

Latitude

39.3727

Longitude

-104.862

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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