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

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

    Sponsored
    For Sale
    $6,100,000

    Commercial Sale, Other - Basalt, CO

    Type:Unimproved Land
    Lot size:
    0.61 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 22 at 10:06 am

    Property Features for 201 Tree Farm Dr

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Harrison Sachs

    Engel & Völkers Aspen [email protected]

    Listing agent Harrison Sachs (970) 925-8400

    Listing date Dec 30, 2025

    MLS# 180888 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Basalt Land Parcel with Development Rights

    This 0.61-acre Creekside Parcel has approved development rights within the Tree Farm Planned Unit Development (PUD). Specifically, Lots B 2 & 3 are ready for the construction of a 35-unit free market apartment complex. The buildable area is 42,737 square feet, accommodating 4 studio/one bath units, 14 one-bedroom/one bath units, 15 two-bedroom/2 bath units, and 2 three-bedroom/2 bath units. The plans include a garage with 28 parking spaces and 30 storage units, along with 57 perimeter parking spaces. This property presents an opportunity to own an apartment complex in an exceptional mid-valley location, characterized by high housing demand and strong rental rates. It can also provide housing for employees. This for-sale listing may be combined with the 3 other parcels to sell all 4 (B1, B2, B3, C1, A1-4) lots.
    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

    Nearby Similar for Sale

    • $740,000
      1,046 SF

      Class-A Office Space in Basalt

      Light and bright office space in Willits Town Center.
      711 E Valley Rd, Basalt, CO 81621
      View Details
    • $2,495,000
      1,876 SF

      New Construction Townhome in Basalt

      Luxury townhome with high-end finishes and outdoor amenities.
      337 Stotts Ml Rd, Basalt, CO 81621
      View Details
    • $16,400,000
      11.76 Acres

      Basalt Mixed-Use Resource Zoned Property

      Mixed-use property with river frontage, existing tenants, and residential home.
      0044 Hooks Ln, Basalt, CO 81621
      View Details
    • $16,400,000
      2,000 SF

      Mixed-Use Property in Basalt, Colorado

      Mixed-use property with river frontage, tenants, home, outbuildings, and land.
      0044 Hooks Ln, Basalt, CO 81621
      View Details
    • $1,755,990
      1,962 SF

      Spacious Duplex in Basalt, Colorado

      Three-bedroom duplex with quality craftsmanship and outdoor living spaces.
      315 Summerset Ln, Basalt, CO 81621
      View Details
    • $499,000
      722 SF

      Basalt Commercial Space with River Views

      Top-floor corner unit with Roaring Fork River views.
      23286 Two Rivers Rd, Basalt, CO 81621
      View Details
    • $1,595,000
      2,038 SF

      Downtown Basalt Office Space

      Office space in historic downtown Basalt, Colorado.
      229 Midland Ave, Basalt, CO 81621
      View Details
    • $12,500,000
      5,364 SF

      Historic Landmark Mixed-Use Potential

      Iconic Basalt property with redevelopment potential in prime downtown location.
      165 Midland Ave, Basalt, CO 81621
      View Details
    • $2,050,000
      0.46 Acres

      Basalt Commercial Development Opportunity

      Approved development rights for retail and deed-restricted housing.
      unit The Edge At Tree Farm Tree Farm Dr, Basalt, CO 81621
      View Details
    • $1,500,000
      Pending

      New Retail Space in Basalt

      High visibility commercial space in Willits neighborhood.
      E Valley Rd, Basalt, CO 81621
      View Details
    • $1,695,000
      1,935 SF

      Light-Filled Townhome in Willits

      Well-maintained 3-bedroom townhome in Basalt's desirable Willits neighborhood.
      540 Evans Ct, Basalt, CO 81621
      View Details
    • $4,500,000
      7,000 SF

      Turnkey Food Production Facility

      7,000 SF commercial space with extensive cold storage.
      218 W Cody Ln, Basalt, CO 81621
      View Details

    FAQs

    What type of property is this?
    Land - Land parcel with development rights for 35-unit apartment complex.
    Where is this land 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) 948-5042
    Request Owner's contact information
    201 Tree Farm Dr, Unit The Creekside Basalt, CO 81621
    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.
    201 Tree Farm Dr, Unit The Creekside
    Basalt, CO 81621
    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
    201 Tree Farm Dr, Unit The Creekside Basalt, CO 81621
    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
    Harrison Sachs
    Real Estate License ID: FA.01186135
    (970) 948-5042
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.