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    115 Hwy Penrose, CO 81240

    For Sale
    $150,000

    LAND - Penrose, CO

    Lot size:
    1.90 Acres
    Days on Market:
    147
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 115 Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000098404387
    Lot size
    1.90 Acres

    Utilities

    Utilities
    Phone Available

    PRIME REALTY SALES, INC. (719) 784-6700 [email protected]

    Listing agent Roger E. McKissack (719) 429-3120

    Listing date Jul 21, 2025

    MLS# 5116356 Listing URL

    Copyright © 2025 Royal Gorge Association of 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

    Penrose, CO Agricultural Land

    This commercial agricultural property is a 1.9-acre lot located in Penrose, Colorado. The property has limited access. A paid water tap is available but not installed. The property offers multiple possibilities for use.
    Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Map

    City
    Penrose
    County
    Fremont
    State
    Colorado
    Longitude
    -105.03487
    Latitude
    38.422829

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    FAQs

    What type of property is this?
    Agricultural property - 1.9 acre agricultural property in Penrose, Colorado.
    Where is this agricultural property located?
    The property is located at 115 Hwy Penrose, CO.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Commercial agricultural property; - Paid water tap; - Lots of possibilities
    (719) 429-3120
    Request Owner's contact information
    115 Hwy Penrose, CO 81240
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    Penrose, CO 81240
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    Realmo Value Estimation

    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

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    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.

    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
    115 Hwy Penrose, CO 81240
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