Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    Kari Girard, Ridgway, CO

    License ID: ER1316248
    Ponderosa Real Estate The Source of Real Estate
    Years of Experience
    16

    Contact details

    Phone:
    (970) 729-0300

    Performance

    Listings
    13
    Total transactions
    239
    Total transactions amount
    $95M
    Price range
    $265k - 596k
    Average price
    $397k

    Listings

    For Sale (13)

    View map
    • $157,500
      0.92 Acres

      Ridgway CO Residential View Lot

      Flat, ready-to-build lot with San Juan Range views.
      681 Marmot Dr, Ridgway, CO 81432
      View Details
    • $1,200,000
      40.00 Acres

      40 Acres Near Mt. Sneffels

      40-acre residential land near Mt. Sneffels with power access.
      7A Tbd County Rd, Ridgway, CO 81432
      View Details
    • $2,160,000
      214.42 Acres

      Montrose Development Opportunity: 214+ Acres

      214.42 acres with mixed-use potential near Montrose city limits.
      2 Sunnyside Rd, Montrose, CO 81401
      View Details
    • $3,200,000
      299.52 Acres

      Montrose Ranch with Development Potential

      299+ acre working cattle ranch with development possibilities in Montrose.
      Tbd Sunnyside & 6900 Rd, Montrose, CO 81401
      View Details
    • $215,000
      0.50 Acres

      Ridgway Residential Lot with Views

      Premier lot with mountain views in The Retreat subdivision.
      802 # H Pne Dr, Ridgway, CO 81432
      View Details
    • New
      $249,000
      1.16 Acres

      Riverfront Parcel in Ridgway, Colorado

      1.16-acre riverfront parcel near Ouray with groundwork completed.
      Tbd County Rd 17, Ridgway, CO 81432
      View Details
    • $207,000
      0.45 Acres

      Golf Course Lot with Views

      Premier lot on golf course with mountain views near Ridgway.
      1627 Marmot Dr, Ridgway, CO 81432
      View Details
    • $325,000
      4.92 Acres

      Ridgway Land with Mountain Views

      Nearly 5-acre residential lot with utilities in Loghill Village.
      Tbd Cyn Dr, Ridgway, CO 81432
      View Details
    • $295,000
      0.25 Acres

      Premier Ridgway Residential View Lot

      Scenic 0.25-acre lot with mountain views and easy access.
      River Park Dr, Ridgway, CO 81432
      View Details
    • $185,000
      2.00 Acres

      Serviced Lot in Divide Ranch

      Two-acre estate lot with mountain views and golf membership.
      5 Cottontail Ln, Ridgway, CO 81432
      View Details
    • $395,000
      2.21 Acres

      Ridgway Valley View Land Parcel

      Exceptional 2.21-acre parcel with panoramic mountain views and utilities.
      818 Pine Dr, Ridgway, CO 81432
      View Details
    • $2,160,000
      214.42 Acres

      Montrose Agricultural Land Development Opportunity

      214.42 acres of land near Montrose, Colorado with development potential.
      2 6900 Rd, Montrose, CO 81401
      View Details
    • $179,000
      0.95 Acres

      Scenic Homesite with Mountain Views

      Beautiful homesite in Ridgway with expansive mountain views and lush meadow.
      3 White House Vista Ln, Ridgway, CO 81432
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Kari Girard, Ridgway, CO
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Send Message to
    Kari Girard, Ridgway, CO
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    (970) 729-0300
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!