This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

5380 N Lariat Dr

5,440 SF Speciality Building Offered at £1,292,367 at a 18.18% Net Initial Yield in Castle Rock, CO 80108

Investment Highlights

  • Nestled on 2 Acres in the Forest of Castle Pines, Mins to Shopping Malls, Golf Courses, Hospitals
  • Rental Income Property (Long Term, AirBnb, Assisted Living)
  • Million Dollar Views, Park up to 50 Cars, Trucks, Campers, Boats on Property
  • Fire Sprinkler, Radiant Heat, Wheelchair Accessible

Executive Summary

The "CASTLE in the PINES" Estate :
Property Uses :
- Owner Occupy Residence w/Mother-in-Law Apt, 4 Offices.
- Long-Term Rental (LTR) $ 12,000+/mo.
- AirBnb Rental (STR) $ 24,000+/mo.
- Assisted Living (ALR) $100,000+/mo , have proforma.
- Corporate Office HQ.
- Church Annex or Evangelism.
* 3% Buyers Agent Commission.
* $33,000 Cash Back if no Buyers Realtor.
* Opt TESLA Model Y, Red, AWD, 7-Passenger
Highlights :
- Total rebuild in 2011, Additions in 2018/2024
- luxurious 3-Level Castle in the forest of Castle Pines
- Levels 1 & 2 are Accessible.
- 4 separate Condos that can be interconnected
- Completed/Passed 3 required inspections AirBnb Permit
- 7 to 11 Bedrooms (120sf-240sf)
- 9 Bathrooms (3/4 or Full). Accessible Bathrooms on Level 1 & 2
- 4-Car Garage w/1,000sf Roof Deck, Elevator Chute, VertiPort
- Full Fire Sprinkler System & Fire Alarm System, Digital Home
- Opt Turn-Key package for immediate Rental income $125K

Property Facts

Price £1,292,367
Price Per SF £238
Sale Type Investment
Net Initial Yield 18.18%
Property Type Speciality
Property Subtype Residential Income
Building Class B
Lot Size 1.85 AC
Building Size 5,440 SF
Number of Floors 3
Year Built/Renovated 2012/2024
Parking Ratio 6.25/1,000 SF

zoning

Zoning Code ER (Estate Residential. Long Term AirBnb. Short Term AirBnb. Assisted Living Residence (a "Change of Use" w/Bldg Dept is required).)
ER (Estate Residential. Long Term AirBnb. Short Term AirBnb. Assisted Living Residence (a "Change of Use" w/Bldg Dept is required).)
  • Listing ID: 33745408

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 5380 N Lariat Dr, Castle Rock, CO 80108

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}