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    Rural Residential Land Parcel Title is generated by Realmo AI

    1300 Running Bear, Cotopaxi, CO 81223

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    For Sale
    $659,000

    LAND - Cotopaxi, CO

    Lot size:
    35.20 Acres
    Added:
    May 25, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for 1300 Running Bear

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural residential
    Standard status
    Active
    APN
    99923344
    Lot size
    35.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    496

    We can help!

    Listing Contact
    Michael Anthony

    Listing agent Michael Anthony License #IR.100084142

    Listing office True Grit Land & Home Box 1334, Westcliffe, CO

    Listing date May 25, 2026

    MLS# 2518016 Listing URL

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

    HighLights

    • South‑facing build site with 360‑degree views across the Wet Mountain Valley and surrounding landscape
    • Construction in Maytag Ranch is limited to select building envelopes, preserving access to roughly 3,000 acres of common area
    • Panoramic views include the Sangre de Cristo mountains and Pike's Peak
    • Close to hiking, hunting, and fishing in high mountain lakes within the subdivision
    • Westcliffe is about 15 minutes away; Salida, Canon City, and Pueblo are each less than 60 miles
    • Maytag Ranch amenities include an equestrian center, mountain lodge and cookhouse, plus multiple cabins available for residents and guests

    Overview

    This for-sale land parcel is located within a rural residential setting and offers a south-facing build site. The property is described as having open, 360-degree views spanning the Wet Mountain Valley, with panoramic sightlines that include the Sangre de Cristo mountains and views toward Pike’s Peak. The listing also notes that construction is limited to select building envelopes, designed to help preserve resident access to common area within the Maytag Ranch community.

    The parcel is within Maytag Ranch, which the listing describes as having roughly 3,000 acres of common area. Recreational opportunities highlighted in the remarks include access to hiking, hunting, and fishing in nearby high mountain lakes within the subdivision. The historic town of Westcliffe is noted as approximately 15 minutes away, and the listing states the property is less than 60 miles from Salida, Canon City, and Pueblo.

    For buyers seeking a rural homesite, the key practical takeaway is the presence of a defined, south-facing building area coupled with long-range views across the valley. The construction limitation to selected envelopes may be attractive to those looking for an orderly development framework while still securing a distinctive view-oriented setting within the community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cotopaxi
    County
    Fremont
    State
    Colorado
    Longitude
    -105.491
    Latitude
    38.3575

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    FAQs

    What type of property is this?
    Residential land & home lot - Rural residential lot with designated building envelope and expansive valley and mountain views.
    Where is this residential land & home lot located?
    The property is located at 1300 Running Bear Cotopaxi, CO.
    What is the asking price?
    The asking price for this property is $659,000.
    What are key features of this property?
    This property features: South‑facing build site with 360‑degree views across the Wet Mountain Valley and surrounding landscape; Construction in Maytag Ranch is limited to select building envelopes, preserving access to roughly 3,000 acres of common area; Panoramic views include the Sangre de Cristo mountains and Pike's Peak
    (720) 299-0235
    We can help!
    Listing Contact
    Michael Anthony
    Real Estate License ID: IR.100084142
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    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.

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