646 Prairie Hawk DrCastle Rock, CO 80109

Property Details for 646 Prairie Hawk Dr

Year built

1975

Lot size

1.49 AC

Property size (Sq ft)

1,008 SF

Property type

Office properties

Property subtype

Other office properties

APN

R0479412

APU

R0479412

Description

This exceptional 1.49-acre commercial property in Douglas County offers a unique opportunity for a variety of businesses. Strategically located just one mile from the I-25 Wolfensberger Road interchange, this easily accessible site boasts a significant advantage for logistics and client access. The property features a substantial fenced yard, ideal for outdoor storage, equipment staging, or other space-intensive operations. A pre-existing 1,008 square foot office building provides valuable administrative space, eliminating the need for immediate construction or renovation. The zoning designation is Kreft PD, allowing for a range of permitted uses, including but not limited to: outdoor storage, towing services, contractor's yard, light manufacturing, kennel or animal services, and other compatible businesses. The single-tenant occupancy ensures exclusive use and control of the entire property. This versatile property presents a compelling investment opportunity for businesses seeking a well-located, functional, and secure space to expand their operations. The ample land area and existing office building combine to create a highly desirable and adaptable commercial space. Serious inquiries are encouraged to explore the potential of this prime commercial land offering.

• CAP approach

  CAP return

  Valuation

  6%

  $220,484

  6.5%

  $203,524

  7%

  $188,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $83,281

  Geo Method

  $83,281

• Alternative Use

  Use

  Valuation

  Residential

  $252,369

  Hospitality

  $231,169

  Educational

  $192,330

  Medical

  $198,944

  Retail

  $299,180

Location Insight

City

Castle Rock

County

Douglas

State

Colorado

Latitude

39.3708

Longitude

-104.865

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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