Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24832 Road V.5 Dolores, CO 81323

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 24832 Road V.5, Dolores, CO
    For Sale
    $89,500

    Residential - Dolores, CO

    Type:Single Family Residence
    Lot size:
    5.56 Acres
    Added:
    Sep 13, 2025
    Days on Market:
    232
    Last Refresh:
    May 2 at 2:06 am

    Property Features for 24832 Road V.5

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    5.56 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Carol Click
    Carol Click

    Listing agent Carol Click

    Listing office RE/MAX Mesa Verde Realty 1640 E. Main, Cortez, CO

    Listing date Sep 13, 2025

    MLS# 828316 Listing URL

    Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land Near Recreation

    This 5.56-acre residential lot is located north of Cortez in the Pinon Hills Subdivision, situated between two recreational reservoirs. The property is suitable for building a new home with convenient access to boating, skiing, hiking, hunting, camping, and 4-wheeling. Canyon of the Ancient is also nearby. The location offers proximity to Telluride, Dolores, Cortez, Mancos, Mesa Verde National Park, and Durango. The lot features views of Narraguinnep Reservoir, mountain ranges, wildlife, and sunsets. Utilities include a paid water tap, septic system, and electric.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Hotel & Motel Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Dolores
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.5921249
    Latitude
    37.4955384

    Nearby Similar for Sale

    • $1,000,000

      40 Acres Near Telluride Gateway

      40-acre property zoned for commercial and agricultural use.
      18737 Hwy 145, Dolores, CO 81323
      View Details
    • $5,900,000
      6,872 SF

      Colorado RV Park on 27 Acres

      Meticulously maintained RV park with cabins and river access.
      27646 Hwy 145, Dolores, CO 81323
      View Details
    • $120,000

      Multi-Family Investment Opportunity in Dolores

      Multi-family zoned property with income potential in Dolores, Colorado.
      110 N 15th Street, Dolores, CO 81323
      View Details
    • $2,750,000

      Dolores River Ranch: 79 Acres

      79-acre ranch near Dolores River, ideal for agriculture.
      20144 Road 36, Dolores, CO 81321
      View Details
    • $90,000

      Dolores, CO Commercial/Residential Lot

      Highway commercial/residential lot with great exposure and access.
      901 Railroad Ave, Dolores, CO 81323
      View Details
    • $80,000

      Residential Lots with Mountain Views

      3-acre residential lots near Dolores, CO, with mountain views.
      Lot 5 Road 25, Dolores, CO 81323
      View Details
    • $75,000

      Dolores Canyon Dream Property

      7+ acres near Dolores River, bordering BLM land.
      22833 Hwy 145, Dolores, CO 81323
      View Details
    • $82,500

      Residential Lots with Mountain Views

      3-acre residential lots with water and electric near Dolores, CO.
      Lot 4 Road 25, Dolores, CO 81323
      View Details
    • $85,000

      Residential Lots with Mountain Views

      3-acre residential lots with mountain views near Dolores, Colorado.
      Lot 3 Road 25, Dolores, CO 81323
      View Details
    • $80,000

      Residential Lots with Mountain Views

      3-acre residential lots with utilities near Dolores and Cortez, CO.
      Lot 9 Road 25, Dolores, CO 81323
      View Details
    • $80,000

      Residential Lots with Mountain Views

      3-acre residential lots with utilities near Dolores and Cortez, CO.
      Lot 7 Road 25, Dolores, CO 81323
      View Details
    • $80,000

      Residential Lots with Mountain Views

      3-acre residential lots with water and electric near Dolores, CO.
      Lot 6 Road 25, Dolores, CO 81323
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.56 acre residential lot near outdoor activities and reservoirs.
    Where is this residential land & home lot located?
    The property is located at 24832 Road V.5 Dolores, CO.
    What is the asking price?
    The asking price for this property is $89,500.
    What are key features of this property?
    This property features: Paid water tap, septic system, and electric already in place.; Located between two recreational reservoirs, ideal for boating, skiing, and other outdoor activities.; 5.68 acres providing a feeling of relaxation and seclusion.
    (970) 565-2000
    We can help!
    Listing Contact
    Carol Click
    Carol Click
    Real Estate License ID: EA01197045
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    24832 Road V.5, Dolores, CO 81323

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!