Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Larkspur Private Wooded Home Site Title is generated by Realmo AI

    12778 Greenland Acres Road, Larkspur, CO 80118

    View on Map
    Claim this Listing
    For Sale
    $425,000

    LAND - Larkspur, CO

    Lot size:
    4.83 Acres
    Added:
    Dec 27, 2025
    Days on Market:
    150
    Last Refresh:
    May 26 at 8:06 pm

    Property Features for 12778 Greenland Acres Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    4.83 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7416

    We can help!

    Listing Contact
    Douglas Barber C2EX CRB EPRO GRI REDS SRES
    Douglas Barber C2EX CRB EPRO GRI REDS SRES

    Listing agent Douglas Barber C2EX CRB EPRO GRI REDS SRES License #000184371

    Listing office The Rawhide Company 7075 Campus Drive, Suite 200, Colorado Springs, CO

    Listing date Dec 27, 2025

    MLS# 2961887 Listing URL

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

    HighLights

    • Very private, wooded 5‑acre property.
    • Decreed water rights included.
    • No HOA or covenants.
    • Electric transformer and power drop installed.
    • Driveway cut in and loafing shed on property.
    • Close to I‑25 and Greenland Open Space.

    Overview

    This property offers a rare opportunity to own a private, wooded homesite southwest of Larkspur, Colorado. The almost five-acre lot features a mix of mature trees and meadow, along with decreed water rights. A driveway provides access to the eastern part of the lot, which is approximately half meadow and includes a loafing shed. An electric transformer and power drop are installed at the meadow edge to serve the property; power and phone are also available at the west lot line by the road. Property pins are flagged for easy navigation. The land is suitable for building a home, with the meadow potentially accommodating horses. There is no homeowner association or covenants. Existing survey, soil report, septic profile pit analysis and house plans are available. Well and septic are required. Located about ten minutes from I-25 and near Greenland Open Space, the property offers a secluded setting with minimal traffic noise.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Larkspur
    County
    Douglas
    State
    Colorado
    Longitude
    -104.906177
    Latitude
    39.176786

    Nearby Similar for Sale

    • $950,000

      Larkspur Land with Mountain Views

      20-acre land parcel in Larkspur, Colorado with scenic views.
      3 S Perry Park Road, Larkspur, CO 80118
      View Details
    • $198,880

      Ready-to-Build Larkspur Lot

      One-acre lot backing to open space, ready to build.
      4144 Cheyenne Drive, Larkspur, CO 80118
      View Details
    • $110,000

      Larkspur Land with Mountain Views

      One-acre lot with mountain and golf course views.
      5967 Country Club Drive, Larkspur, CO 80118
      View Details
    • $199,900

      Ready-to-Build Lot in Perry Park

      One-acre lot backing to open space with red rock ridge.
      5498 Country Club Drive, Larkspur, CO 80118
      View Details
    • $199,500

      Ready-to-Build Lot with Red Rock

      One-acre lot with utilities, views, and no HOA.
      5760 Country Club Drive, Larkspur, CO 80118
      View Details
    • $600,000

      Larkspur Land with Water Rights

      35+ acres of land near Colorado Springs with water rights.
      14254 S Highway 83, Larkspur, CO 80118
      View Details
    • $1,000,000

      Larkspur Land with Water Rights

      62+ acre parcel near Colorado Springs with water rights.
      14252 S Highway 83, Larkspur, CO 80118
      View Details
    • $190,000

      Larkspur Land Ready to Build

      Nearly 1 acre lot with utilities in Perry Park.
      4885 Red Rock Drive, Larkspur, CO 80118
      View Details
    • $950,000

      Larkspur Mixed-Use Development Opportunity

      5.68-acre mixed-use site near I-25 in Larkspur, Colorado.
      8650 Spruce Mountain Rd, Larkspur, CO 80118
      View Details
    • $262,500

      Ready-to-Build Lot in Perry Park

      Flat 1-acre lot with utilities in Perry Park, Larkspur.
      5845 S Pike Drive, Larkspur, CO 80118
      View Details
    • $199,950

      Larkspur Ready-to-Build 1-Acre Lot

      South-facing 1-acre lot with utilities, rock formation, mountain views.
      7749 Inca Road, Larkspur, CO 80118
      View Details
    • $168,900

      Residential Lot Backing to Open Space

      One-acre ready-to-build residential lot in Perry Park.
      8139 Bannock Drive, Larkspur, CO 80118
      View Details

    FAQs

    What type of property is this?
    Land - Private 4.83-acre wooded homesite near Larkspur, Colorado.
    Where is this land located?
    The property is located at 12778 Greenland Acres Road Larkspur, CO.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Very private, wooded 5‑acre property.; Decreed water rights included.; No HOA or covenants.
    (719) 598-3198
    We can help!
    Listing Contact
    Douglas Barber C2EX CRB EPRO GRI REDS SRES
    Douglas Barber C2EX CRB EPRO GRI REDS SRES
    Real Estate License ID: 000184371
    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

    Thank You for Inquiry
    12778 Greenland Acres Road, Larkspur, CO 80118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!