Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Peyton, CO Land Opportunity Title is generated by Realmo AI

    17882 Gray Mare Lane, Peyton, CO 80831

    View on Map
    Claim this Listing
    New
    For Sale
    $175,000

    LAND - Peyton, CO

    Lot size:
    5.47 Acres
    Added:
    May 10, 2026
    Days on Market:
    5
    Last Refresh:
    May 14 at 7:06 am

    Property Features for 17882 Gray Mare Lane

    General Information

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

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    1377

    We can help!

    Listing Contact
    Jill McFeron CRS
    Jill McFeron CRS

    Listing agent Jill McFeron CRS License #1315591

    Listing office Keller Williams Partners 6140 Tutt Blvd Ste 100, Colorado Springs, CO

    Listing date May 10, 2026

    MLS# 6448015 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

    • Pikes Peak and Bijou Basin views
    • Corner lot with mature ponderosa pines
    • Walk‑out potential building sites
    • Horses allowed; walking/riding trails
    • Domestic wells in the area
    • Wildlife (deer, turkey)

    Overview

    This 5.47-acre corner lot in Peyton, CO, offers mature ponderosa pines, views of Pikes Peak, and easterly views of the Bijou Basin. The property presents multiple building sites with walk-out potential. Domestic wells are present in the area. Protective covenants are in place, but they are not restrictive. The location is served by a rural school. Horses are allowed, and walking and riding trails are available. Wildlife, including deer and turkey, frequent the area. Homestead Park is nearby, and the location provides an easy commute north and to Colorado Springs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Accounting Firm Electrical Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Peyton
    County
    El Paso
    State
    Colorado
    Longitude
    -104.4961122
    Latitude
    39.0967891

    Nearby Similar for Sale

    • $275,000
      3,500 SF

      Peyton Junction Commercial Opportunity

      Commercial property with retail and business space in Peyton, Colorado.
      13550 Front Street, Peyton, CO 80831
      View Details
    • $5,500,000

      35 Acres Land in Peyton, CO

      Development opportunity near Colorado Springs and Falcon.
      10985 E Highway 24, Peyton, CO 80831
      View Details
    • $825,000

      Peyton Land with Metal Buildings

      35-acre property with two large metal buildings near Highway 24.
      21875 E Highway 24, Peyton, CO 80831
      View Details
    • $5,990,000

      Falcon Area Land For Sale

      116+ acres with development potential in Falcon Area.
      14550 E Highway 24, Peyton, CO 80831
      View Details
    • $165,000

      Colorado Land with Mountain Views

      5-acre lot with unobstructed Pikes Peak and Front Range views.
      14830 Tiboria Loop, Peyton, CO 80831
      View Details
    • $275,000

      Meadow Retreat with Well & Electricity

      6.3-acre property with well, electricity, and recreational access.
      16490 Mesquite Road, Peyton, CO 80831
      View Details
    • $1,330,000

      Land Near Falcon, Colorado

      8.98 acres of raw land near Falcon, Colorado.
      Bent Grass Meadows Drive, Peyton, CO 80831
      View Details
    • $179,000

      Peyton Pines 5-Acre Parcel

      5-acre parcel in Peyton Pines with Pikes Peak views.
      18150 Pinon Park Road, Peyton, CO 80831
      View Details
    • $1,075,000

      5-Acre Parcel in Peyton, CO

      5-acre parcel near King Soopers with development potential.
      11485 Owl Place, Peyton, CO 80831
      View Details
    • $2,225,000

      Peyton, CO Commercial Land

      43.62 acre corner lot with development potential.
      Tract 1 Peyton Highway, Peyton, CO 80831
      View Details
    • $295,000

      Colorado Ranch Dream Land

      35-acre ranch land with water rights and mountain views.
      2605 Antelope Hill View, Peyton, CO 80831
      View Details
    • $179,900

      Peyton, CO Land with Views

      5.16-acre lot with Pikes Peak views, well, and electric.
      2070 Terri Lee Drive, Peyton, CO 80831
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot with mature trees, views, and walkout potential.
    Where is this residential land & home lot located?
    The property is located at 17882 Gray Mare Lane Peyton, CO.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Pikes Peak and Bijou Basin views; Corner lot with mature ponderosa pines; Walk‑out potential building sites
    (719) 955-1999
    We can help!
    Listing Contact
    Jill McFeron CRS
    Jill McFeron CRS
    Real Estate License ID: 1315591
    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

    Thank You for Inquiry
    17882 Gray Mare Lane, Peyton, CO 80831
    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!