1015 Park StCastle Rock, CO 80109

Property Details for 1015 Park St

Year built

1987

Construction

STEEL FRAME

Lot size

0.50 AC

Property size (Sq ft)

5,000 SF

Property type

Auto shops

APN

R0438069

APU

R0438069

Description

This exceptional Castle Rock investment opportunity presents two warehouse buildings totaling 5,000 square feet situated on a half-acre lot at 1015 Park St, 80109. The property boasts a highly desirable Commercial zoning designation, allowing for a wide range of business uses. Each of the two buildings offers flexible space, with units ranging from 24 square feet to 5,000 square feet, making it ideal for multiple tenants or a single large operation. The property benefits from exceptional visibility and convenient access, a key advantage for any business. Its strategic location offers easy access to I-25 via the Wolfensberger interchange, just three minutes away, ensuring seamless transportation and logistics. This presents a rare chance to acquire a well-positioned industrial property in a thriving Colorado market. The property's size and zoning flexibility make it suitable for a variety of businesses seeking a prominent location with excellent accessibility. The combination of ample space, prime location, and convenient access to major transportation routes makes this an attractive investment opportunity with significant potential for growth and return. The property is ready for immediate occupancy and offers a unique chance to establish or expand a business in a dynamic and rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,607,696

  6.5%

  $1,484,027

  7%

  $1,378,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,041,012

  Geo Method

  $1,041,012

• Alternative Use

  Use

  Valuation

  Residential

  $1,251,833

  Hospitality

  $1,146,672

  Educational

  $954,018

  Medical

  $986,828

  Retail

  $1,484,027

Location Insight

City

Castle Rock

County

Douglas

State

Colorado

Latitude

39.3806

Longitude

-104.866

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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