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    Brokers
    • For Sale
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    • Property Lookup
    • Brokers

    Jill McFeron CRS, Colorado Springs, CO

    License ID: 1315591
    Years of Experience
    31
    Association
    Pikes Peak Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (719) 955-1999
    Office Address:
    6140 Tutt Blvd ste 100, Colorado Springs, CO 80923

    Property Types

    • Land

    Performance

    Listings
    21
    Total transactions
    46
    Total transactions amount
    $19M
    Price range
    $140k - 1.6M
    Average price
    $413k

    Listings

    For Sale (21)

    View map
    • $355,000
      5.21 Acres

      Colorado Springs Land Opportunity

      Five-acre lot with open space and mountain views.
      10854 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $365,000
      5.56 Acres

      Acreage Lot in Winsome Community

      5.56-acre lot with views and walk-out potential.
      10698 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $215,000
      6.10 Acres

      Land with Pikes Peak Views

      6+ acre lot in Winsome Community with mountain views.
      10905 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $425,000
      5.54 Acres

      Land Parcel with Mountain Views

      Five+ acre parcel with views and open space access.
      10490 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $355,000
      6.01 Acres

      Spacious Land in Colorado Springs

      Six-acre lot with open space and walking trails.
      11010 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $355,000
      5.04 Acres

      Land in Winsome Community

      Five-acre lot with open space and utilities in Colorado Springs.
      10334 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $299,900
      2.50 Acres

      Colorado Springs Land with Mountain Views

      2.5-acre parcel with mountain views and established utilities.
      7830 Fairytale Hts, Colorado Springs, CO 80908
      View Details
    • $310,000
      5.00 Acres

      Land in Winsome Community

      5+ acre lots for luxury living near Colorado Springs.
      10125 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $385,000
      Pending

      Land in Winsome Community

      7.453 acre lots for luxury living in Colorado Springs.
      10282 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $395,000
      5.00 Acres

      Colorado Springs 5-Acre Land Parcel

      Private 5-acre parcel in Black Forest, ready for dream home.
      10930 Elizabeth Way, Colorado Springs, CO 80908
      View Details
    • $225,000
      5.21 Acres

      Land with Pikes Peak Views

      5+ acre lot in Winsome Community with walkout potential.
      10801 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $325,000
      5.07 Acres

      Winsome Community Land Opportunity

      5+ acre lot with mountain views in historic Colorado ranch.
      17395 Twinkling Star Ln, Colorado Springs, CO 80908
      View Details
    • $355,000
      5.18 Acres

      Land in Winsome Community

      Five+ acre lots with open space and walking trails.
      10958 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $190,000
      5.21 Acres

      Land in Winsome Community

      5.2 acre lot ready for your new adventure.
      10957 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $425,000
      5.21 Acres

      Land in Winsome Community

      5+ acre lot with open space and trail system.
      10438 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $225,000
      5.03 Acres

      Land in Winsome Community

      5+ acre lot with mountain views and walkout potential.
      11009 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $410,000
      5.24 Acres

      Land with Mountain Views

      5+ acre lot with mature trees and mountain views.
      10542 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $345,000
      5.19 Acres

      Spacious Land in Winsome Community

      5+ acre lots with mountain views and modern conveniences.
      10906 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $410,000
      5.07 Acres

      Land in Winsome Community

      5-acre lot with open space and mountain views.
      10386 Alamar Way, Colorado Springs, CO 80908
      View Details
    • $200,000
      5.19 Acres

      Land Near Palmer Divide Trail

      5.19 acre lot backing El Paso County trail.
      16115 Turftop Ter, Elbert, CO 80106
      View Details
    • $215,000
      5.47 Acres

      Peyton, CO Land For Sale

      Corner lot with mature trees, views, and walkout potential.
      17882 Gray Mare Ln, Peyton, CO 80831
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Jill McFeron CRS, Colorado Springs, CO
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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.

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    Jill McFeron CRS, Colorado Springs, CO
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