Sign Up Successful!
You now have access to more from Realmo!
    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

    188 High Meadows Dr Florence, CO 81226

    Sponsored
    Picture of Residential land & home lots at High Meadows Dr 188, Florence, CO
    For Sale
    Contact for pricing

    LAND - Florence, CO

    Lot size:
    0.18 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 2 at 8:06 am

    Property Features for 188 High Meadows Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    3939173010020
    Lot size
    0.18 Acres

    We can help!

    Listing Contact
    Alec Ortiz

    New Home Star, LLC (719) 330-1445

    Listing agent Alec Ortiz (719) 290-6583

    Listing date Jan 29, 2026

    MLS# 5207427

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Buildable Lot in Florence, CO

    This 0.18-acre vacant lot in Florence presents an opportunity for building. The manageable, low-maintenance parcel is suited for buyers looking to build a new home without the upkeep of a large acreage. Located in a quiet neighborhood, the lot provides a peaceful setting with scenic surroundings and convenient access to Florence and Canon City. The size accommodates a thoughtfully designed home, patio space, and optional landscaping, making it suitable for full-time living, a second home, or an investment build. The location offers small-town charm with easy access to outdoor recreation, local amenities, and the Southern Colorado lifestyle. This buildable land is situated in an established area with long-term potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Auto Repair Shop Hotel & Motel HVAC Service Bakery Garden Center Nursing Home Assisted Living Facility Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Fremont
    State
    Colorado
    Longitude
    -105.141913
    Latitude
    38.389982

    Nearby Similar for Sale

    • $480,000
      2,850 SF

      Historic Mixed-Use Building with Loft

      Main Street investment opportunity with business spaces and luxury loft.
      119 Main St, Florence, CO 81226
      View Details
    • $399,400
      0.08 Acres

      Historic Building in Florence's Golden Block

      Turnkey business opportunity in Florence's thriving downtown retail area.
      111 W Main St, Florence, CO 81226
      View Details
    • $480,000
      0.08 Acres

      Historic Downtown Florence Mixed-Use Building

      Mixed-use building with business spaces and luxury loft in Florence.
      119 W Main St, Florence, CO 81226
      View Details
    • $650,000
      15,519 SF

      Main Street Commercial Opportunity

      Mixed-use property with restaurant, retail, apartments, and development potential.
      102-106 Main St, Florence, CO 81226
      View Details
    • $650,000
      0.22 Acres

      Main Street Commercial Opportunity

      Mixed-use property with restaurant, retail, and residential potential.
      102-106 E Main St, Florence, CO 81226
      View Details
    • $380,000
      1,705 SF

      Renovated Duplex with Detached Garage

      Florence duplex renovated in 2022 with detached garage.
      303 W 7Th St, Florence, CO 81226
      View Details
    • $380,000
      0.23 Acres

      Renovated Duplex with Garage

      Florence duplex renovated in 2022 with detached garage.
      303 W 7Th St, Florence, CO 81226
      View Details
    • $675,000
      0.08 Acres

      Mixed-Use Investment in Historic Downtown

      Live-work investment opportunity in Florence's Historic Downtown on Main Street.
      122 W Main St, Florence, CO 81226
      View Details
    • $675,000
      0.08 Acres

      Historic Downtown Florence Live-Work Space

      Live-work investment opportunity in historic downtown Florence, Colorado.
      122 W Main St, Florence, CO 81226
      View Details
    • $464,000
      1.00 Acre

      Unique Multi-Family Acreage Opportunity

      Updated multi-family property on one acre with shop and shed.
      10830 State Highway 115, Florence, CO 81226
      View Details
    • $300,000

      Mixed-Use Building in Florence, CO

      Classic mixed-use building with remodeling potential on Main Street.
      108 W Main St, Florence, CO 81226
      View Details
    • $300,000
      0.17 Acres

      Mixed-Use Building in Florence, CO

      Classic mixed-use building with remodeling potential on Main Street.
      108 W Main St, Florence, CO 81226
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.18-acre vacant lot perfect for building a new home.
    Where is this residential land & home lot located?
    The property is located at 188 High Meadows Dr Florence, CO.
    What is the asking price?
    The asking price for this property is $29,900.
    What are key features of this property?
    This property features: - Buildable 0.18-acre vacant lot, ideal for a new home.; - Low-maintenance parcel, suitable for full-time living, second home, or investment.; - Quiet neighborhood with scenic surroundings.
    (719) 290-6583
    Request Owner's contact information
    188 High Meadows Dr Florence, CO 81226
    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.
    188 High Meadows Dr
    Florence, CO 81226
    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
    188 High Meadows Dr Florence, CO 81226
    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

    We can help!
    Listing Contact
    Alec Ortiz
    (719) 290-6583
    Learn more
    Google sign-in failed. Please try again or use another login method.