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    15941 Hwy, Unit 115 Penrose, CO 81240

    For Sale
    $170,000

    LAND - Penrose, CO

    Lot size:
    8.14 Acres
    Days on Market:
    144
    Last Refresh:
    Dec 11 at 10:06 am

    Property Features for 15941 Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    69079032
    Lot size
    8.14 Acres

    Performance Group of Colorado, LLC (719) 269-7355 [email protected]

    Listing agent Chris M. Montoya (719) 429-6633

    Listing date Jul 21, 2025

    MLS# 5319515 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

    8.14 Acres with Water Rights

    This 8.14-acre parcel in Penrose, Colorado, offers views of the surrounding countryside and Pikes Peak. The level, usable land is suitable for building a home, starting a hobby farm, or investing in Colorado land. The property provides space for a custom home, barns, and gardens. Included ditch shares provide irrigation rights. The property is located in a small-town community and is a short drive to Canon City, Florence, and Pueblo. This property is ideal for growing crops, supporting livestock, or maintaining landscaping.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Penrose
    County
    Fremont
    State
    Colorado
    Longitude
    -105.025423
    Latitude
    38.440562

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    FAQs

    What type of property is this?
    Agricultural land - Land in Penrose, Colorado with irrigation rights and mountain views.
    Where is this agricultural land located?
    The property is located at 15941 Hwy, Unit 115 Penrose, CO.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: - Expansive 8.14-acre parcel with VIEWS of the countryside and Pikes Peak.; - Includes valuable ditch shares providing irrigation rights.; - Level, usable land suitable for building a custom home, barns, and gardens.
    (719) 429-6633
    Request Owner's contact information
    15941 Hwy, Unit 115 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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    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
    15941 Hwy, Unit 115 Penrose, CO 81240
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