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    11Th St Penrose, CO 81240

    For Sale
    $250,000

    LAND - Penrose, CO

    Lot size:
    20.00 Acres
    Days on Market:
    92
    Last Refresh:
    Dec 8 at 3:06 am

    Property Features for 11Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    69080086
    Lot size
    20.00 Acres

    Utilities

    Utilities
    Cable Available

    CHERRY CREEK PROPERTIES (303) 713-9000

    Listing agent Robert S. Banning (719) 281-5331

    Listing date Sep 8, 2025

    MLS# 4894168 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

    20 Acres of Land in Penrose

    This 20-acre property is located in Penrose, Colorado. The land is split evenly on each side of 11th Street, with 10 acres on either side. The property is situated in a high desert landscape and offers potential for various uses, including building a home, establishing a hobby farm, or developing a retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Penrose
    County
    Fremont
    State
    Colorado
    Longitude
    -104.977734
    Latitude
    38.41773

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    FAQs

    What type of property is this?
    Land - 20-acre property in Penrose, Colorado, suitable for various uses.
    Where is this land located?
    The property is located at 11Th St Penrose, CO.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Expansive 20-acre property offering significant space and privacy.; - Unique parcel split evenly on both sides of 11th Street.; - Located in the serene high desert landscape of Colorado.
    (719) 281-5331
    Request Owner's contact information
    11Th St 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

    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.

    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
    11Th St Penrose, CO 81240
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