509 Wilcox StCastle Rock, CO 80104

Property Details for 509 Wilcox St

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

7,480 SF

Property type

Office properties

APN

R0076216

APU

R0076216

Description

This 7,480 square foot, two-story Class B office building, located at 509 Wilcox Street in the heart of Castle Rock, Colorado, offers a variety of executive office and coworking spaces for lease. Built in 1968 and fully renovated in 2022, the property boasts 11-foot ceilings and features 10 suites ranging from 100 to 2,000 contiguous square feet. The building enjoys a prime location on a main thoroughfare, providing excellent visibility and convenient access. With 27 parking spaces available, this property is ideally situated near numerous businesses, including the Chamber of Commerce, banks, restaurants, and retail shops. The property is in Douglas County, within the Downtown Castle Rock submarket cluster, and offers a unique opportunity to lease space in one of Colorado's fastest-growing cities. The building does not have elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $1,636,132

  6.5%

  $1,510,276

  7%

  $1,402,399

• Comparable approach

  Method

  Valuation

  Relative Method

  $617,998

  Geo Method

  $617,998

• Alternative Use

  Use

  Valuation

  Residential

  $1,872,742

  Hospitality

  $1,715,421

  Educational

  $1,427,210

  Medical

  $1,476,294

  Retail

  $2,220,105

Location Insight

City

Castle Rock

County

Douglas

State

Colorado

Latitude

39.3749

Longitude

-104.86

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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