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    2 8Th St Penrose, CO 81240

    For Sale
    $225,000

    LAND - Penrose, CO

    Lot size:
    27.96 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 7 at 12:06 am

    Property Features for 2 8Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    67001990
    Lot size
    27.96 Acres

    Utilities

    Utilities
    Electricity Available
    Water source
    Well

    CHERRY CREEK PROPERTIES (303) 713-9000

    Listing agent Linda L. Mattson (719) 276-4226

    Listing date Nov 3, 2025

    MLS# 2517638 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

    Land with Hot Artesian Well

    This 27.9-acre property, a "diamond in the rough", features a permitted hot artesian well with a water temperature of 92 degrees, suitable for irrigation and medicinal purposes. Historically, the well was utilized by locals for its purported healing properties. Beaver Creek traverses the land from north to south, providing a water source for livestock. The property offers views of the surrounding mountains and presents potential for various uses, including a solar site, with power available approximately 1/8 of a mile away. The terrain is rolling, characterized by meadows and some cedar trees. While Penrose water is not available, a household well may be established with an application to the water commissioner, allowing for the construction of a home. Alternative uses include camping and soaking in the artesian well water. The property is located in Penrose, Colorado.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Dental Office Wholesale Shop Auto Repair Shop Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Penrose
    County
    Fremont
    State
    Colorado
    Longitude
    -105.053974
    Latitude
    38.423534

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    FAQs

    What type of property is this?
    Land - 27.9 acres with permitted hot artesian well and Beaver Creek.
    Where is this land located?
    The property is located at 2 8Th St Penrose, CO.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - 27.9 acres of land with stunning mountain views.; - Permitted hot artesian well (92 degrees) suitable for irrigation and potential medicinal use.; - Beaver Creek runs through the property, providing a water source for livestock.
    (719) 276-4226
    Request Owner's contact information
    2 8Th St 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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    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.

    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
    2 8Th St Penrose, CO 81240
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