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1810 Park St 5,040 SF 100% Leased Flex Building Castle Rock, CO 80109 $1,295,000 ($256.94/SF) 6.23% Cap Rate



Investment Highlights
- 5,040 square feet freestanding industrial building on 0.44 acre lot
- Equipped with 4 Drive-In doors
- Zoned I-2, allowing for intensive industrial uses
- Balanced ratio of 65% warehouse space and 35% office space
- Currently occupied by two tenants on short term leases
- New HVAC and recent interior upgrades
Executive Summary
1810 Park St. features a 5,040 SF freestanding industrial building situated on a 0.44- acre lot in the highly sought-after Castle Rock market. With four drive-in doors, 12’ clear heights, and a functional mix of office (35%) and warehouse (65%) space, the building is perfectly suited for a wide variety of industrial operations.
The property is currently fully occupied by two tenants on short-term leases, offering a buyer immediate cash flow with significant upside. This flexible arrangement allows an investor to transition the building to market-rate leases or provides an owner-user the opportunity to occupy the facility while maintaining a versatile, high-demand asset.
Offered at $1,295,000 and supported by flexible I-2 zoning, this property represents a rare opportunity to acquire a well-positioned industrial asset in a high-growth corridor. With industrial vacancy in the Castle Rock/Parker submarket remaining exceptionally tight at approximately 3.5%, this asset is positioned perfectly. Its combination of strong building fundamentals and prime location makes it an ideal acquisition for those looking for long-term stability and value appreciation.
The property is currently fully occupied by two tenants on short-term leases, offering a buyer immediate cash flow with significant upside. This flexible arrangement allows an investor to transition the building to market-rate leases or provides an owner-user the opportunity to occupy the facility while maintaining a versatile, high-demand asset.
Offered at $1,295,000 and supported by flexible I-2 zoning, this property represents a rare opportunity to acquire a well-positioned industrial asset in a high-growth corridor. With industrial vacancy in the Castle Rock/Parker submarket remaining exceptionally tight at approximately 3.5%, this asset is positioned perfectly. Its combination of strong building fundamentals and prime location makes it an ideal acquisition for those looking for long-term stability and value appreciation.
Property Facts
| Price | $1,295,000 | Rentable Building Area | 5,040 SF |
| Price Per SF | $256.94 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1981 |
| Cap Rate | 6.23% | Parking Ratio | 3.57/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 12’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 0.44 AC | ||
| Zoning | I1-2, Castle Park | ||
| Price | $1,295,000 |
| Price Per SF | $256.94 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.44 AC |
| Rentable Building Area | 5,040 SF |
| No. Stories | 1 |
| Year Built | 1981 |
| Parking Ratio | 3.57/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | I1-2, Castle Park |
Amenities
- Fenced Lot
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- A & B Mechanical
- Construction
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| A & B Mechanical | Construction | - | - | - |
1 1
Property Taxes
| Parcel Number | 2505-031-01-025 | Improvements Assessment | $247,170 |
| Land Assessment | $51,400 | Total Assessment | $298,570 |
Property Taxes
Parcel Number
2505-031-01-025
Land Assessment
$51,400
Improvements Assessment
$247,170
Total Assessment
$298,570
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