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

    129 Rayburn Road South Fork, CO 81154

    View on Map
    For Sale
    $37,000

    Residential - South Fork, CO

    Type:Single Family Residence
    Lot size:
    0.58 Acres
    Added:
    Nov 11, 2025
    Days on Market:
    142
    Last Refresh:
    Apr 2 at 10:06 am

    Property Features for 129 Rayburn Road

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    0.58 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Aundrea Lillard
    Aundrea Lillard

    Listing agent Aundrea Lillard

    Listing office Lillard Realty Group, LLC PO Box 988, South Fork, CO

    Listing date Nov 11, 2025

    MLS# 829735 Listing URL

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

    Overview

    South Fork Buildable Lot

    This buildable lot is located in the South Fork area and measures approximately 0.58 acres. The corner parcel has road frontage on three sides. Electric service is already available on-site. A well and septic system will be required for development. The property is located a short distance from town conveniences, approximately 5 minutes from South Fork and 15 minutes from Del Norte. Short-term rentals are allowed with Rio Grande County permitting and regulations. High-speed internet and strong cell coverage are available, supporting remote work or full-time living. There is no HOA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Nail Salon Department Store Storage Facility Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Fork
    County
    Rio Grande
    State
    Colorado
    Longitude
    -106.618
    Latitude
    37.6617

    Nearby Similar for Sale

    • $3,499,000
      5,700 SF

      Thriving Motor Sports Business For Sale

      Turn-key motor sports business with retail showroom and maintenance shop.
      29130 US HWY 160, South Fork, CO 81154
      View Details
    • $325,000
      3,136 SF

      South Fork Business Opportunity Available

      Commercial property in South Fork, Colorado, ideal for various businesses.
      76 Highway 149, South Fork, CO 81154
      View Details
    • $495,000
      3,837 SF

      Turnkey Restaurant and Income Property

      Restaurant and income property in the heart of South Fork, CO.
      30333 US Highway 160, South Fork, CO 81154
      View Details
    • $375,000
      2,659 SF

      Commercial Building with Expansion Potential

      Commercial building in a prime location with high visibility.
      29919 W Highway 160, South Fork, CO 81154
      View Details
    • $49,000

      South Fork Commercial Land Available

      Commercial lots in South Fork with utilities available.
      64 Vista Street, South Fork, CO 81154
      View Details
    • $69,000

      South Fork Commercial Corner Lot

      Commercial lot in South Fork with utilities available.
      242 Birch Street, South Fork, CO 81154
      View Details
    • $550,000

      South Fork Commercial Land Parcel

      Vacant commercial land parcel with development potential in South Fork.
      000 Shoshone Trail, South Fork, CO 81154
      View Details
    • $2,165,000
      18,134 SF

      South Fork RV Park and Lodge

      Resort-type property with motel, cabins, RV spaces, and apartments.
      30359 W Hwy 160, South Fork, CO 81154
      View Details
    • $344,000

      14+ Acre Mountain Retreat

      14+ acre mountain property in Willow Park Ranch!
      655 Elk Ct, South Fork, CO 81154
      View Details
    • $44,900

      Half-Acre Homesite in Fairway Glen

      Premier homesite with resort amenities and mountain views.
      550 Rio Grande Club Trail, South Fork, CO 81154
      View Details
    • $140,000
      800 SF

      South Fork Commercial Opportunity

      Versatile commercial building in South Fork with high visibility.
      88 W Hwy 149, South Fork, CO 81154
      View Details
    • $115,000

      South Fork Residential Land Opportunity

      6.25-acre lot in gated community with mountain views.
      396 Frontier Way, South Fork, CO 81154
      View Details

    FAQs

    What type of property is this?
    Land - 0.58-acre buildable lot near South Fork, Colorado.
    Where is this land located?
    The property is located at 129 Rayburn Road South Fork, CO.
    What is the asking price?
    The asking price for this property is $37,000.
    What are key features of this property?
    This property features: Buildable ~0.58‑acre corner lot with road frontage on three sides.; Minutes from town conveniences (5 min to South Fork, 15 min to Del Norte).; Electric service already on‑site.
    (706) 622-0799
    We can help!
    Listing Contact
    Aundrea Lillard
    Aundrea Lillard
    Real Estate License ID: ER100104397
    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!