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

    112 PLATTE RIVER DRIVE Fairplay, CO 80440

    View on Map
    Claim this Listing
    For Sale
    $575,000

    Unimproved Land - Fairplay, CO

    Type:Unimproved Land
    Lot size:
    12.27 Acres
    Added:
    Oct 30, 2025
    Days on Market:
    164
    Last Refresh:
    Apr 11 at 2:06 pm

    Property Features for 112 PLATTE RIVER DRIVE

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Zoning
    Residential Rural
    Standard status
    Active
    APN
    48982
    Lot size
    12.27 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1558.54

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeni Friedrich

    Listing agent Jeni Friedrich

    Listing office LIV Sotheby's I.R. 101 S. Main Street, Breckenridge, CO

    Listing date Oct 30, 2025

    MLS# S1064141 Listing URL

    Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fairplay Land with Mountain Views

    This 12.27-acre property, situated on a hilltop, offers views of the surrounding mountains and valley. The gently rolling land is treed with Bristlecone pines. Electric and natural gas utilities are available along the road. The property includes water rights. The lower section of the lot, comprising 9.68 acres, is suitable for horses, storage, or a barn/garage. The upper section covers 2.59 acres. Located minutes from Fairplay, the property provides access to the Summit Stage shuttle, the Rec Center, and various shopping and dining options. Fairplay is known as "The Fly-fishing Capital" of Colorado, offering both private and public river access. Recreational opportunities include cross-country skiing, snowmobiling, and ice fishing in winter, and hiking and mountain biking in summer. The property is located in Park County, with no HOA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Hair Salon Nail Salon Food Market HVAC Service Grocery & Convenience Store Furniture & Home Goods Big Box & Wholesale Store Electronics & Wireless Store Car Rental Facility Bakery

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairplay
    County
    Park
    State
    Colorado
    Longitude
    -106.024609
    Latitude
    39.238135

    Nearby Similar for Sale

    • $975,000

      Highway Frontage Commercial Building For Sale

      8,320 SF commercial building on Highway 285 in Fairplay, Colorado.
      1010 CASTELLO AVENUE, Fairplay, CO 80440
      View Details
    • $419,900

      Fairplay Office Space For Sale

      Downtown office space with river views and expansion potential.
      551 FRONT STREET, Fairplay, CO 80440
      View Details
    • $479,000

      Fairplay Commercial Property on Main

      Turnkey restaurant opportunity in prime Fairplay location.
      519 MAIN STREET, Fairplay, CO 80440
      View Details
    • $1,350,000

      Fairplay Fourplex with Development Potential

      Well-maintained fourplex with income potential and expansion possibilities.
      735 6th Street, Fairplay, CO 80440
      View Details
    • $189,000

      Ready-to-Build Residential Land in Fairplay

      1.25-acre lot with groundwork completed near Fairplay, Colorado.
      2515 HIGH CREEK ROAD, Fairplay, CO 80440
      View Details
    • $89,000

      Fairplay, CO Residential Land

      Two-acre residential lot with mountain views near Fairplay, Colorado.
      330 GREEN BOTTLE CIRCLE, Fairplay, CO 80440
      View Details
    • $98,000

      Fairplay Homesite with Mountain Views

      1-acre homesite with septic, mountain views, near recreation.
      636 BONELL DRIVE, Fairplay, CO 80440
      View Details
    • $250,000

      Fairplay Land with Mountain Views

      9.5 acres of unimproved land near Breckenridge and Fairplay.
      122 ARTS PIKE, Fairplay, CO 80440
      View Details
    • $79,000

      Land in Redhill Forest

      Two-acre lot with build site near Fairplay, Colorado.
      1423 REDHILL ROAD, Fairplay, CO 80440
      View Details
    • $575,000

      Fairplay Mixed-Use Property For Sale

      Established commercial space with residential unit in Fairplay, Colorado.
      1150 CASTELLO AVENUE, Fairplay, CO 80440
      View Details
    • $45,000

      Fairplay, CO Residential Land

      1.13-acre homesite in Redhill Forest community with fishing rights.
      806 MIDDLE FORK, Fairplay, CO 80440
      View Details
    • $85,000

      Redhill Forest Homesite with Views

      2-acre homesite with mountain views and recreational opportunities.
      1412 REDHILL ROAD, Fairplay, CO 80440
      View Details

    FAQs

    What type of property is this?
    Land - 12+ acre lot with sweeping mountain and valley views.
    Where is this land located?
    The property is located at 112 PLATTE RIVER DRIVE Fairplay, CO.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Sweeping mountain and valley views from hilltop location.; 12+ acre lot with water rights, ideal for horses or storage.; No HOA restrictions.
    (970) 485-3837
    We can help!
    Listing Contact
    Jeni Friedrich
    Learn More
    Request Owner's contact information
    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.

    More about this property
    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

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