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    For Sale (18)

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    Income Producing Multifamily Property
    $600,000
    0.59 Acres

    Income Producing Multifamily Property

    Five-unit, well-maintained property in convenient location, fully rented.

    608 Del Rey Ave, Canon City, CO 81212
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    Ready-to-Build Mountain Property
    $95,000
    4.00 Acres

    Ready-to-Build Mountain Property

    4-acre mountain property with completed development steps.

    163 Valley View Dr, Florissant, CO 80816
    View details
    Cripple Creek Fourplex Investment Opportunity
    $750,000
    0.29 Acres

    Cripple Creek Fourplex Investment Opportunity

    Fourplex in historic Cripple Creek, near shops and casinos.

    217 W Masonic Ave, Cripple Creek, CO 80813
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    Historic Theater in Victor, Colorado
    $179,900
    0.14 Acres

    Historic Theater in Victor, Colorado

    Historic theater near Gold Belt Tour and outdoor activities.

    109 S 3Rd St, Victor, CO 80860
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    Mountain Land Parcel in Cripple Creek
    Contact for pricing
    0.88 Acres

    Mountain Land Parcel in Cripple Creek

    0.88-acre mountain parcel with views and easy access.

    726 Copper Mountain Dr, Cripple Creek, CO 80813
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    Land with Exceptional Views
    $49,000
    0.48 Acres

    Land with Exceptional Views

    Six lots suitable for residential or multifamily development.

    W Galena Ave, Cripple Creek, CO 80813
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    Land in Quiet Cul-de-Sac
    Contact for pricing
    0.80 Acres

    Land in Quiet Cul-de-Sac

    Almost an acre of land in a peaceful, private location.

    926 Pinon Ln, Florissant, CO 80816
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    Rebuild-Ready Land Near Eleven Mile
    $93,000
    0.97 Acres

    Rebuild-Ready Land Near Eleven Mile

    Nearly one-acre property with well, electric, and driveway near reservoir.

    12 Tuna Dr, Lake George, CO 80827
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    Ready-to-Build Mountain Lot
    Contact for pricing
    2.00 Acres

    Ready-to-Build Mountain Lot

    2-acre lot with utilities and community amenities near Cripple Creek.

    1289 Yorktown Rd, Cripple Creek, CO 80813
    View details
    Buildable Lots with Mountain Views
    $30,000
    0.14 Acres

    Buildable Lots with Mountain Views

    Two lots in Cripple Creek with utilities and mountain views.

    El Paso Ave, Cripple Creek, CO 80813
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    Buildable Lots in Cripple Creek
    Contact for pricing
    0.14 Acres

    Buildable Lots in Cripple Creek

    Two lots with utilities, views, and southern exposure.

    El Paso Ave, Cripple Creek, CO 80813
    View details
    Woodland Park Land with Privacy
    $125,000
    2.04 Acres

    Woodland Park Land with Privacy

    2+ acre lot near Pike National Forest in Woodland Park.

    68 Yale Pl, Woodland Park, CO 80863
    View details
    Mountain Homesite with Breathtaking Views
    $189,900
    10.24 Acres

    Mountain Homesite with Breathtaking Views

    Private 10.24-acre mountain homesite near Cripple Creek, Colorado.

    12201 Hwy 67 S, Cripple Creek, CO 80813
    View details
    Residential Lot in Cripple Creek
    $50,000
    0.43 Acres

    Residential Lot in Cripple Creek

    Residential lot with utilities in Cripple Creek, Colorado.

    N A St, Cripple Creek, CO 80813
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    Expansive Colorado Land with Utilities
    $450,000
    81.94 Acres

    Expansive Colorado Land with Utilities

    81.94 acres with well, electric, and mountain views.

    881 Vista De Aspen Rd, Westcliffe, CO 81252
    View details
    Cripple Creek Investment Opportunity
    $249,900
    0.34 Acres

    Cripple Creek Investment Opportunity

    Prime location in Cripple Creek's casino district.

    239 W Bennett Ave, Cripple Creek, CO 80813
    View details
    Mountain Land Near Cripple Creek
    Contact for pricing

    Mountain Land Near Cripple Creek

    Vacant land with panoramic views near historic Cripple Creek.

    Shideler St, Cripple Creek, CO 80813
    View details
    Land Near Pikes Peak
    Contact for pricing

    Land Near Pikes Peak

    Land in Rainbow Valley near Dome Rock State Wildlife Area.

    83 Sodalite Rd, Divide, CO 80814
    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
    Your Neighborhood Realty, Inc.
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