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    Coldwell Banker Mason Morse Real Estate

    Coldwell Banker Mason Morse, 514 E Hyman Ave, Aspen, CO 81611
    (970) 925-7000
    Web Site
    Size: 10+ agents

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    • Land
    • Commercial Sale
    • Residential Multi Family
    • Commercial Lease

    Listings

    For Sale (40)

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    Glenwood Springs Land with Views
    $395,000
    35.01 Acres

    Glenwood Springs Land with Views

    35 acres with views, borders BLM, utilities available.

    4500 Bear Wallow Ln, Glenwood Springs, CO 81601
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    Rifle, CO Land with Views
    $200,000
    35.12 Acres

    Rifle, CO Land with Views

    35-acre lot with 360-degree views, close to town.

    County Rd 319, Rifle, CO 81650
    View details
    Carbondale Duplex Near Rio Grande
    $925,000
    1,602 SF

    Carbondale Duplex Near Rio Grande

    Upgraded duplex in Carbondale near shopping and Rio Grande Trail.

    1070 Village Rd, Carbondale, CO 81623
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    Spacious Home with Mountain Views
    $2,395,000
    5,382 SF

    Spacious Home with Mountain Views

    Luxurious home with en-suite bedrooms, gourmet kitchen, and stunning views.

    289 Sweet Grass, Carbondale, CO 81623
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    Downtown Aspen Enclosed Two-Car Garage
    $600,000
    400 SF

    Downtown Aspen Enclosed Two-Car Garage

    Private, enclosed two-car garage in the heart of Aspen.

    601 Rio Grande Pl, Aspen, CO 81611
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    Productive Irrigated Land in Hotchkiss
    $425,000
    42.12 Acres

    Productive Irrigated Land in Hotchkiss

    42.19 acres of vacant land with superior water rights.

    3300 3300 Rd, Hotchkiss, CO 81419
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    Residential Land in Pinyon Mesa
    $325,000
    0.25 Acres

    Residential Land in Pinyon Mesa

    Flat 0.25-acre lot for dream home with great views.

    95 Cliffrose Way, Glenwood Springs, CO 81601
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    35 Acres in Glenwood Springs
    $424,000
    35.01 Acres

    35 Acres in Glenwood Springs

    Rare 35-acre lot with mountain views and bordering BLM land.

    4700 Bear Wallow Ln, Glenwood Springs, CO 81601
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    Land with Mountain Views
    $425,000
    2.49 Acres

    Land with Mountain Views

    Large lot with views in Elk Springs subdivision.

    3504 Elk Spring Dr, Glenwood Springs, CO 81601
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    New Construction Duplex in Lakota
    $850,000
    1,817 SF

    New Construction Duplex in Lakota

    New duplex in Lakota Canyon Ranch, completion June 2026.

    40 Whitetail Dr, New Castle, CO 81647
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    540 Acres Recreational Ranch Land
    $1,350,000
    540.00 Acres

    540 Acres Recreational Ranch Land

    540-acre recreational ranch bordering BLM near Rifle, Colorado.

    County Rd 317, Rifle, CO 81650
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    Craig, CO Heavy Industrial Land
    $1,025,000
    8.16 Acres

    Craig, CO Heavy Industrial Land

    8.2 acre heavy industrial land parcel in Craig, Colorado.

    1St St, Craig, CO 81625
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    Carbondale Main Street Development Site
    $1,450,000
    0.17 Acres

    Carbondale Main Street Development Site

    Prime commercial land in Carbondale's vibrant downtown core.

    Main St, Carbondale, CO 81623
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    Carbondale Land with Golf Course View
    $850,000
    6.73 Acres

    Carbondale Land with Golf Course View

    6.73 acres near Aspen Glen golf course with mountain views.

    Leonis Ln, Carbondale, CO 81623
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    Carbondale Land Near Golf Course
    $1,100,000
    6.11 Acres

    Carbondale Land Near Golf Course

    6.11 acre lot near Jack Nicklaus golf course.

    Bald Eagle Way, Carbondale, CO 81623
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    662 Acres Alpine Paradise
    $3,950,000
    662.00 Acres

    662 Acres Alpine Paradise

    662 acres of land with views near Mt. Sopris.

    Black Diamond Mine Rd, Glenwood Springs, CO 81601
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    Carbondale Duplex Townhome with Upgrades
    $975,000
    1,752 SF

    Carbondale Duplex Townhome with Upgrades

    Refreshed 3-bedroom duplex near Rio Grande Trail.

    313 W 8 Pl, Carbondale, CO 81623
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    Carbondale Mixed-Use Investment Opportunity
    $3,450,000
    5,656 SF

    Carbondale Mixed-Use Investment Opportunity

    Rare commercial property in downtown Carbondale with live/work potential.

    50 Weant Blvd, Carbondale, CO 81623
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    Golf Course Lot in Lakota
    $155,000
    0.30 Acres

    Golf Course Lot in Lakota

    Residential lot in Lakota Canyon Ranch with mountain views.

    491 Deer Valley Dr, New Castle, CO 81647
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    Land with Mountain Views
    $345,000
    2.83 Acres

    Land with Mountain Views

    2.83-acre lot near Glenwood Springs with mountain views.

    3221 Elk Spring Dr, Glenwood Springs, CO 81601
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    Redstone Homesite with Mountain Views
    $395,000
    4.50 Acres

    Redstone Homesite with Mountain Views

    4.5-acre homesite near Redstone with utilities installed.

    250 East Crk Rd, Redstone, CO 81623
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    Carbondale Land with Mountain Views
    $395,000
    7.67 Acres

    Carbondale Land with Mountain Views

    7.67 acres of land near Crystal River Valley.

    349 Crystal Cir, Carbondale, CO 81623
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    2.39-Acre Corner Lot in Glenwood
    $349,000
    2.39 Acres

    2.39-Acre Corner Lot in Glenwood

    2.39-acre corner lot in gated Elk Springs subdivision.

    3292 Elk Spring Dr, Glenwood Springs, CO 81601
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    Residential Land in Bella Vista
    $130,000
    0.20 Acres

    Residential Land in Bella Vista

    Builder-ready lot with utilities in place in Silt, Colorado.

    352 Roan Ct, Silt, CO 81652
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    New Construction Duplex in New Castle
    $850,000
    0.24 Acres

    New Construction Duplex in New Castle

    Half duplex with mountain style exterior and modern luxury finishes.

    46 Whitetail Dr, New Castle, CO 81647
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    Riverfront Land Near Aspen, Colorado
    $4,500,000
    16.08 Acres

    Riverfront Land Near Aspen, Colorado

    Exceptional riverfront land with potential for a custom retreat.

    Lower River Rd, Snowmass, CO 81654
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    Riverfront Commercial Land in Silt
    $1,200,000
    15.21 Acres

    Riverfront Commercial Land in Silt

    15.21 acres of commercially zoned riverfront property for sale.

    1421 River Frontage Rd, Silt, CO 81652
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    Glenwood Springs Commercial Opportunity
    $4,900,000
    3.93 Acres

    Glenwood Springs Commercial Opportunity

    Four acres in Glenwood Springs with diverse development possibilities.

    51993 Hwy, Glenwood Springs, CO 81601
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    Residential Lot in Glenwood Highlands
    $270,000
    1.01 Acres

    Residential Lot in Glenwood Highlands

    Acre residential lot with utilities in Glenwood Springs, Colorado.

    611 Highlands Dr, Glenwood Springs, CO 81601
    View details
    79 Acres Bordering BLM Land
    $400,000
    79.00 Acres

    79 Acres Bordering BLM Land

    79 acres bordering BLM land, ideal for hunting, off-grid living.

    Grass Vly Rd, Silt, CO 81652
    View details
    Starwood Land with Unobstructed Views
    $6,950,000
    2.35 Acres

    Starwood Land with Unobstructed Views

    2.35 acre lot with dramatic views in Starwood neighborhood.

    754 Eppley Dr, Aspen, CO 81611
    View details
    Glenwood Springs Land with Views
    $259,900
    0.33 Acres

    Glenwood Springs Land with Views

    Residential land in Sunlight View 2 subdivision with mountain views.

    25 Laird Ln, Glenwood Springs, CO 81601
    View details
    Residential Land in Glenwood Springs
    $1,200,000
    5.79 Acres

    Residential Land in Glenwood Springs

    Over 5.7 acres of residential land for sale.

    Various, Glenwood Springs, CO 81601
    View details
    Carbondale Land in Gated Community
    $445,000
    0.60 Acres

    Carbondale Land in Gated Community

    Premier building site with access to golf and other amenities.

    Midland Loop Rd, Carbondale, CO 81623
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    Aspen Downtown Commercial Gem
    $3,850,000
    1,576 SF

    Aspen Downtown Commercial Gem

    Prime Aspen location, two-story space.

    300 Spring St, Aspen, CO 81611
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    Aspen Downtown Commercial Space
    $2,100,000
    789 SF

    Aspen Downtown Commercial Space

    Prime Aspen location, high-traffic area.

    300 Spring St, Aspen, CO 81611
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    Aspen Downtown Commercial Space
    $2,100,000
    787 SF

    Aspen Downtown Commercial Space

    Prime Aspen location, 787 sq ft, high potential.

    300 Spring St, Aspen, CO 81611
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    Prime Development Land in Monument
    $12,000,000

    Prime Development Land in Monument

    22.17 acres of land with high visibility and access.

    2Nd St, Monument, CO 80132
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    Craig, Colorado Developable Land Parcel
    $1,025,000

    Craig, Colorado Developable Land Parcel

    8-acre heavy industrial land parcel near US 40 and Hwy 13.

    378 E 1St St, Craig, CO 81625
    View details
    Land with Solar and Generator
    $625,000

    Land with Solar and Generator

    Land featuring solar power, generator backup, and spring-fed water.

    51800 Quaker Mountain Cir, Hayden, CO
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    For Lease (1)

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    Downtown New Castle Office Space
    $2.00 SF/Yr

    Downtown New Castle Office Space

    Affordable, renovated office suites in downtown New Castle.

    151 W Main St, New Castle, CO 81647
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Coldwell Banker Mason Morse Real Estate
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