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    18737 Highway 145 Dolores, CO 81323

    View on Map
    Sponsored
    For Sale
    $1,000,000

    Agricultural - Dolores, CO

    Lot size:
    40.00 Acres
    Days on Market:
    36
    Last Refresh:
    Mar 19 at 12:06 pm

    Property Features for 18737 Highway 145

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Amy Lewis

    Stacked Real Estate Professionals LLC (970) 739-7785

    Listing agent Amy Lewis (970) 739-1480

    Listing date Feb 11, 2026

    MLS# 821542 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.

    Learn more

    Property Insight Report

    Overview

    40 Acres Near Telluride Gateway

    This 40-acre property is located just outside the town of Dolores, Colorado, offering an ideal location with endless potential. Situated in the gateway to Telluride, which is a short 45 minutes away, it provides easy access to the surrounding beauty of the area, including the National Forest and McPhee Reservoir, only a five-minute drive away. Mesa Verde National Park is a short 30-minute drive, and Phil's World, renowned for its mountain biking trails, is nearby. Durango is a 45-minute drive, and Cortez is only 15 minutes away, offering easy access to amenities. Zoned for both commercial and agricultural use, this property offers flexibility and potential for a variety of endeavors. The property includes an old homestead with several additional buildings and an old sawmill, which can either remain or be removed. This location offers both a peaceful rural lifestyle and proximity to outdoor adventures. There is a newly installed permitted well that can serve 3 residents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Dolores
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.449515
    Latitude
    37.478316

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 40-acre property zoned for commercial and agricultural use.
    Where is this agricultural land / farmland located?
    The property is located at 18737 Highway 145 Dolores, CO.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - 40-acre property zoned for both commercial and agricultural use, offering flexibility.; - Prime location near Dolores, only 45 minutes from Telluride and Durango, and 15 minutes from Cortez.; - Easy access to outdoor recreation: 5 minutes from McPhee Reservoir, close to National Forest, Phil's World mountain biking trails, and 30 minutes from Mesa Verde National Park.
    (970) 759-8027
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    18737 Highway 145 Dolores, CO 81323
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    Dolores, CO 81323
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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.

    More about this property
    18737 Highway 145 Dolores, CO 81323
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    We can help!
    Listing Contact
    Amy Lewis
    (970) 759-8027 (970) 739-1480
    Learn more
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