512 Wilcox StCastle Rock, CO 80104

Property Details for 512 Wilcox St

Year built

1972

Construction

WOOD FRAME

Lot size

0.32 AC

Property size (Sq ft)

9,423 SF

Property type

Office properties

APN

R0419534

APU

R0419534

Description

This exceptional Class B office building, constructed in 1999, offers a fantastic opportunity for businesses seeking a prominent location in the heart of downtown Castle Rock. The property boasts a total of 18 dedicated parking spaces, ensuring ample parking for tenants and their clients. The building features a two-story structure with a single building on 0.2 acres of land. Multiple tenancy options are available, with a minimum divisible space of 2,275 square feet and a maximum contiguous space of 2,275 square feet. Each suite includes desirable features such as a reception area, three conference rooms, two private offices, a large open workspace, a breakroom/kitchenette, a copy/storage room, and private restrooms. Tenant improvements are negotiable for qualified leases. The building offers convenient elevator access directly to each suite entrance. Enjoy excellent visibility with backlit signage available from Wilcox Street. The property's central location provides easy access to I-25 via North Wilcox Street and is within walking distance of numerous restaurants. Recently updated common area flooring enhances the building's appeal, with further upgrades planned for the near future.

• CAP approach

  CAP return

  Valuation

  6%

  $2,061,132

  6.5%

  $1,902,584

  7%

  $1,766,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $778,528

  Geo Method

  $778,528

• Alternative Use

  Use

  Valuation

  Residential

  $2,359,204

  Hospitality

  $2,161,018

  Educational

  $1,797,942

  Medical

  $1,859,776

  Retail

  $2,796,798

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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