703 Wilcox StCastle Rock, CO 80104

Property Details for 703 Wilcox St

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.32 AC

Property size (Sq ft)

7,000 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

R0443383

APU

R0443383

Description

This exceptional 1,100 square-foot creative office space is located in the vibrant Base of the Rock Centre in downtown Castle Rock, Colorado. Situated at 703 Wilcox St, 80104, this Class B property offers a prime location with excellent visibility and convenient access. The space is part of a single-story, 14,000 square-foot building featuring ten suites and ample parking, including front and rear access, plus alley access. Currently available as shell space, this unit (approximately 22 feet wide by 50 feet deep) provides flexibility for tenant build-out to suit retail or office needs (excluding food service). The space benefits from strong neighboring businesses, including Fulcrum Academy, Donut House, Scuba Planet, Calico Salon, and Royal Surfaces, with recent additions like Snarf's Sandwiches and a soon-to-open 220-unit apartment complex. The monthly gross rent is $28.50 per square foot, encompassing all expenses except utilities, and is negotiable depending on tenant improvement requirements. Signage rights on the building and monument sign are included. This is an outstanding opportunity to establish a presence in a thriving downtown Castle Rock location. The minimum divisible space is 900 square feet, with a maximum contiguous space of 2,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,250,775

  6.5%

  $2,077,638

  7%

  $1,929,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,457,417

  Geo Method

  $1,457,417

• Alternative Use

  Use

  Valuation

  Residential

  $1,752,566

  Hospitality

  $1,605,341

  Educational

  $1,335,625

  Medical

  $1,381,559

  Retail

  $2,077,638

Location Insight

City

Castle Rock

County

Douglas

State

Colorado

Latitude

39.3767

Longitude

-104.86

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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