Add Listing
    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

    Lot 28 Fisher Canyon Drive Ridgway, CO 81432

    View on Map
    Claim this Listing
    For Sale
    $259,000

    Residential - Ridgway, CO

    Type:Single Family Residence
    Lot size:
    4.31 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    9
    Last Refresh:
    Apr 17 at 7:06 pm

    Property Features for Lot 28 Fisher Canyon Drive

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Adam Trujillo

    Listing agent Adam Trujillo

    Listing office RE/MAX Cimarron Realty 112 Village Square West, Ridgway, CO

    Listing date Apr 9, 2026

    MLS# 833417 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

    Ridgway Residential Land with Views

    This 4.31-acre residential land is located in Ridgway, Colorado. The property offers views of mountain ranges and maintains a wooded feel with many large trees. It has recently undergone wildfire mitigation. Multiple building sites accommodate various building types.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Garden Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgway
    County
    Ouray
    State
    Colorado
    Longitude
    -107.802873
    Latitude
    38.215649

    Nearby Similar for Sale

    • $925,000
      1,615 SF

      Ridgway Commercial Condo in Historic Building

      Adaptable commercial condo in a vibrant, walkable Ridgway location.
      185 N Lena Street, Ridgway, CO 81432
      View Details
    • $6,350,000
      5,293 SF

      Ridgway's Iconic Old Firehouse Restaurant

      Turnkey restaurant and event venue in the heart of Ridgway.
      185 N Lena Street, Ridgway, CO 81432
      View Details
    • $849,000

      Ridgway Mixed-Use Development Opportunity

      Prime mixed-use building lot in Ridgway, Colorado with mountain views.
      134 S Charlotte Street, Ridgway, CO 81432
      View Details
    • $235,000
      582 SF

      Ridgway Office Condo with Views

      Office condo in Ridgway's business area with mountain views.
      653 N Cora Street, Ridgway, CO 81432
      View Details
    • $1,145,000
      1,471 SF

      Iconic Ridgway Office Condo Investment

      Turnkey, income-producing office condo in revitalized historic building.
      185 N Lena Street, Ridgway, CO 81432
      View Details
    • $320,000

      Ridgway Residential View Lot

      Spectacular escarpment lot with mountain views near Ridgway, Colorado.
      175 Courthouse Peak Lane, Ridgway, CO 81432
      View Details
    • $949,000
      2,315 SF

      Versatile Mixed-Use Property in Ridgway

      Multi-use property in Ridgway's Historic Business Zone.
      631 Sherman Street, Ridgway, CO 81432
      View Details
    • $1,595,000
      2,315 SF

      Ridgway Mixed-Use Development Opportunity

      Prime mixed-use development in downtown Ridgway with multifamily and commercial upside.
      631 Sherman Street, Ridgway, CO 81432
      View Details
    • $399,000

      Land in Loghill Village

      2.61 acre lot in Loghill Village near Ridgway, Colorado.
      Pine Drive unit: 38, Ridgway, CO 81432
      View Details
    • $1,490,000
      3,424 SF

      Ridgway Fourplex with Income Potential

      Four newly finished residential units with income and free-market conversion potential.
      185 N Lena Street, Ridgway, CO 81432
      View Details
    • $395,000

      Ridgway Valley View Land Parcel

      Exceptional 2.21-acre parcel with panoramic mountain views and utilities.
      818 Pine Drive, Ridgway, CO 81432
      View Details
    • $240,000

      Ridgway Homesite with Mountain Views

      Homesite in Divide Ranch and Club with panoramic mountain views.
      294 Marmot Drive, Ridgway, CO 81432
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Ridgway with mountain views and wooded feel.
    Where is this residential land & home lot located?
    The property is located at Lot 28 Fisher Canyon Drive Ridgway, CO.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: Views of both mountain ranges; Multiple building sites; Recently undergone wildfire mitigation
    (970) 626-5400
    We can help!
    Listing Contact
    Adam Trujillo
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!