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    220 Thompson Rd Granby, CO 80446

    View on Map
    Sponsored
    For Sale
    $998,000

    MULTI_FAMILY - Other - Granby, CO

    Property size:
    2,146 SF
    Lot size:
    0.08 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 19 at 9:06 am

    Property Features for 220 Thompson Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bedroom 2, Bathroom 3, Laundry Room, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 4
    Bedrooms
    3
    Bathrooms
    4
    APN
    145107220002
    Parking features
    Open
    Patio and Porch features
    Patio, Deck
    Interior features
    Eat-in Kitchen, Fireplace, New Paint
    Exterior features
    Gas Grill
    Fireplace
    1
    Appliances
    Washer/Dryer, Self Cleaning Oven, Refrigerator, Range, Oven, Microwave, Disposal, Dishwasher
    Size
    2,146 SF
    Lot size
    0.08 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer

    Building Details

    Year built
    2003
    Flooring type
    Hardwood, Carpet
    Building materials
    Log
    Architectural style
    Other

    We can help!

    Listing Contact
    Kerri A Lambert

    Keller Williams Advantage Realty (303) 986-4300

    Listing agent Kerri A Lambert (970) 922-8144

    Listing date Mar 19, 2026

    MLS# 26-304

    Copyright © 2026 Grand County Board 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

    Mountain Retreat near Grand Elk

    This mountain retreat offers a blend of rustic charm and modern luxury near the #8 Tee Boxes. The property features 3 bedrooms, each with a full bath, plus a primary suite on the main floor with a 5-piece bath and a spacious custom closet. High-quality craftsmanship is evident throughout the open, inviting floor plan, which is ideal for entertaining. Unique cabin-like features, such as massive beams, authentic hardwood floors, and log accent walls, add warmth and character. The property provides unobstructed views of Grand Elk's Holes 2 and 8, surrounding mountains, and distant town lights at night. The homeowner amenities include exterior maintenance, landscaping, snow removal of the driveway and decks, and trash removal. New roofs were completed last summer, and the furnace was replaced in 2024. Grand Elk amenities include unlimited access to golf, a restaurant, a year-round hot tub, and a heated pool in the summer months, along with cross-country skiing and community activities. Road maintenance and snow plowing of community asphalt streets are also provided. The property is part of a great community and is located minutes from Granby Ranch Ski Mountain and on the Fraser Trail System. The property has a size of 2146 square feet and sits on a lot of 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Golf courses & driving ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Gym & Fitness Center Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Granby
    County
    Grand
    State
    Colorado
    Longitude
    -105.94164
    Latitude
    40.06756

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    FAQs

    What type of property is this?
    Golf course & driving range - Stunning mountain retreat with golf course and mountain views.
    Where is this golf course & driving range located?
    The property is located at 220 Thompson Rd Granby, CO.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: - Directly off the #8 Tee Boxes with unobstructed views of Grand Elk's Holes 2 and 8, surrounding mountains, and town lights.; - Unlimited access to Grand Elk amenities: golf, restaurant, year-round hot tub, heated pool, cross-country skiing, and community activities.; - Main floor primary suite with 5-piece bath and spacious custom closet.
    (970) 922-8144
    Request Owner's contact information
    220 Thompson Rd Granby, CO 80446
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    Granby, CO 80446
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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
    220 Thompson Rd Granby, CO 80446
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    We can help!
    Listing Contact
    Kerri A Lambert
    Real Estate License ID: 100074559
    (970) 922-8144 (970) 726-5700 (817) 733-2998
    Learn more
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