Castle Rock, Colorado, offers a unique opportunity for investors to capitalize on the growing demand for commercial real estate. With its strategic location at the junction of Interstate 25 and State Highway 86, Castle Rock provides easy access to major transportation hubs, including Denver International Airport and the Denver Technological Center. Commercial real estate in Castle Rock represents a diverse range of investment opportunities, from office buildings and retail spaces to industrial properties and hotels. The town's semiarid climate, scenic natural surroundings, and outdoor recreational opportunities make it an attractive location for businesses and residents alike. Castle Rock is home to notable employers like Castle Rock Adventist Hospital and features amenities such as Philip S. Miller Park, which offers a range of recreational activities. The town's historic downtown district and neighborhoods like Castle Pines Village add to its charm, making it an excellent choice for investors looking to diversify their portfolios.
Currently, there are 33 commercial real estate listings available in Castle Rock, offering a range of options for investors. The average price per square foot for commercial real estate in Castle Rock is $361 USD, with an average property size of 18,457 square feet. The largest property available is 739,330 square feet. In addition to commercial real estate, Castle Rock also offers industrial properties, such as warehouses and manufacturing facilities, which can be found near the town's major transportation hubs. Apartment buildings and office properties are also available, offering investors opportunities to capitalize on the town's growing residential and commercial sectors. Hotels and other hospitality properties can be found in the area, catering to the town's tourism industry. With its unique blend of natural beauty, outdoor recreation, and economic opportunity, Castle Rock is an attractive location for investors looking to diversify their portfolios.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Castle Rock, Colorado, there are several alternatives to consider, including:
- Traditional commercial mortgages offered by banks and credit unions, which typically require a 20-30% down payment and offer fixed or adjustable interest rates.
- Small Business Administration (SBA) loans, which provide more favorable terms, such as lower down payments and longer repayment periods, for qualified small businesses.
- Alternative lenders, including private money lenders and hard money lenders, which offer more flexible terms and faster approval processes, but often at higher interest rates.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Castle Rock, Colorado, cap rates play a crucial role in evaluating the potential return on investment. With an average cap rate of 9.06%, investors can gauge the property's income-generating potential and make informed decisions about their investment.
For a deeper understanding of cap rates and their significance in commercial real estate, it's essential to know what is a cap rate. This knowledge will help investors navigate the Castle Rock commercial real estate market, which currently features 33 available listings, with an average price per square foot of $361 USD and an average size of 18,457 square feet.
What is considered a commercial property?
In Castle Rock, Colorado, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and industrial facilities, which are available for sale or lease, with 33 listings currently on the market.
These properties can range in size from 18,457 square feet to 739,330 square feet, with an average price per square foot of $361 USD and an average cap rate of 9.06%, offering a variety of opportunities for investors and business owners in Castle Rock's growing commercial market.
