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    201 Tree Farm Dr, Unit The Creekside Basalt, CO 81621

    For Sale
    $6,100,000

    Commercial Sale, Other - Basalt, CO

    Type:Unimproved Land
    Lot size:
    0.61 Acres
    Days on Market:
    132
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 201 Tree Farm Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    Zoning
    PUD
    APN
    246502216001
    EntryLevel
    The Creekside
    Lot size
    0.61 Acres

    Building Details

    Architectural style
    Other

    Engel & Völkers Aspen [email protected]

    Listing agent Harrison Sachs (970) 925-8400

    Listing date Jul 28, 2025

    MLS# 180888 Listing URL

    Copyright © 2025 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ready-to-Build Apartment Complex Opportunity

    This property, located in Basalt, CO, within the Tree Farm PUD, offers approved development rights for Lot B 2 & 3. It features a permit and plans ready for building a 35-unit free market apartment complex. The complex has a buildable area of 42,737 square feet and includes 4 studio/one bath units, 14 one bedroom/one bath units, 15 two bedroom/2 bath units, and 2 three bedroom/2 bath units. A garage provides 28 parking spaces and 30 storage units, complemented by 57 perimeter parking spaces. Situated on a 0.61-acre lot, this property presents an opportunity to own an apartment complex in an exceptional mid-valley location. The location benefits from high housing demand and strong rental rates, making it suitable for general rentals or employee housing. The property is zoned PUD. Note that this listing may be combined with 3 other parcels to sell all 4 lots at a combined price of $14,875,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Basalt
    County
    Eagle
    State
    Colorado
    Longitude
    -107.084916
    Latitude
    39.391457

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    FAQs

    What type of property is this?
    Apartment building - Permitted 35-unit apartment complex in prime mid-valley location.
    Where is this apartment building located?
    The property is located at 201 Tree Farm Dr, Unit The Creekside Basalt, CO.
    What is the asking price?
    The asking price for this property is $6,100,000.
    What are key features of this property?
    This property features: - Ready-to-build 35-unit apartment complex with approved development rights.; - Permitted plans for a mix of unit types: studio, one, two, and three-bedroom apartments.; - Located in a high-demand mid-valley location with strong rental rates.
    (970) 925-8400
    Request Owner's contact information
    201 Tree Farm Dr, Unit The Creekside Basalt, CO 81621
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    Basalt, CO 81621
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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
    201 Tree Farm Dr, Unit The Creekside Basalt, CO 81621
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