734 Wilcox StCastle Rock, CO 80104

Property Details for 734 Wilcox St

Year built

2007

Lot size

0.48 AC

Property size (Sq ft)

10,088 SF

Property type

Office properties

APN

R0473943

APU

R0473943

Description

This exceptional 8,969-square-foot Class B medical office building, constructed in 2007, presents a fantastic investment opportunity in Castle Rock, Colorado. Located at 734 Wilcox Street, this two-story building boasts a prime location at the north end of town, offering excellent visibility and accessibility. The property sits on a 0.48-acre lot and features convenient on-street parking as well as a private parking lot. Currently, 2,559 square feet of space is available for lease, making it ideal for expansion or a new tenant. The building is zoned for commercial use and includes amenities such as elevators. Its thriving tenant mix includes established businesses like Crowfoot Coffee, American Family Insurance, Envision Clinic, Kat Pro Studio, and a new Michoacán Ice Cream Shop, ensuring a vibrant and busy atmosphere. The property benefits from its proximity to The View, a significant new mixed-use development featuring a public parking structure, further enhancing its appeal and accessibility. This is a rare opportunity to acquire a well-located, modern medical office building in a rapidly growing area of Douglas County, Colorado, with easy access to I-25 and a strong existing tenant base. The building's modern design and convenient location make it an attractive option for a variety of medical practices. The available space offers flexibility for customization to suit specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $2,206,590

  6.5%

  $2,036,853

  7%

  $1,891,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $833,471

  Geo Method

  $833,471

• Alternative Use

  Use

  Valuation

  Residential

  $2,525,698

  Hospitality

  $2,313,526

  Educational

  $1,924,826

  Medical

  $1,991,024

  Retail

  $2,994,174

Location Insight

City

Castle Rock

County

Douglas

State

Colorado

Latitude

39.3779

Longitude

-104.86

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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