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

    TBD #2 County Road 300 & 305 Parachute, CO 81635

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $1,200,000

    LAND - Parachute, CO

    Lot size:
    20.19 Acres
    Added:
    Aug 12, 2025
    Days on Market:
    261
    Last Refresh:
    Apr 29 at 2:06 am

    Property Features for TBD #2 County Road 300 & 305

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res/Commercial
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    240707400010
    Lot size
    20.19 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Parcel 240707400010: Section: 7 Township: 7 Range: 95 A TR OF LAND SITUATED ENTIRELY WITHIN THE BATTLEMENT MESA INC PROPERTY AT REC#408506. EXCEPT A TRACT OF LAND CONTAINING 23.689 AC. +/-, SAID TRACT BEING MORE PARTICULARLY DESCRIBED IN ANNEXATION MAP RECEPTION NUMBER 898866 Parcel 240707400007: Section: 7 Township: 7 Range: 95 ALL THAT PT OF NESE LYING S & W OF CO. RD. 305 Parcel 240707410001: Section: 7 Township: 7 Range: 95 Subdivision: RIVER BLUFF FILING #8 Block: 1 Lot: 1 Parce 240707400001 Section: 7 Township: 7 Range: 95 TR IN LOT 7
    Tax Annual Amount
    11414

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Diana Lawrence

    Listing agent Diana Lawrence License #FA100087265

    Listing office RE/MAX Country New Castle 820 Castle Valley Blvd #107, New Castle, CO

    Listing date Aug 12, 2025

    MLS# 189756 Listing URL

    Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    23 Acres Development Opportunity, Parachute

    This 23-acre parcel is located in Parachute, Colorado. The property is positioned in a growing community and offers opportunities for investors and developers. The location and size of the property allow for a variety of uses, including a mixed-use community, a residential subdivision, or a commercial hub. The property's layout and access make it suitable for retail, dining, housing, and green spaces. The property has convenient access to local amenities and I-70. Opportunities of this scale and versatility are available in Parachute.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Parachute
    County
    Garfield
    State
    Colorado
    Longitude
    -108.038338
    Latitude
    39.451331

    Nearby Similar for Sale

    • $699,000
      1,700 SF

      Updated Commercial Property in Parachute

      Remodeled commercial property with income potential in downtown Parachute, CO.
      258 S Railroad Avenue, Parachute, CO 81635
      View Details
    • $350,000

      Expansive Land Parcel in Parachute

      6.70 acres of flat land with mountain views.
      Stone Quarry Road, Parachute, CO 81635
      View Details
    • $325,000
      1,245 SF

      Historic Commercial Building - Remodeled

      Remodeled 1906 commercial building with original architectural features.
      103 1st Street, Parachute, CO 81635
      View Details
    • $1,000,000

      Parachute, CO Commercial Land

      Almost 4 acres with I-70 access and visibility.
      Cardinal Way, Parachute, CO 81635
      View Details
    • $624,000

      23.18 Acres Vacant Land Opportunity

      23.18-acre vacant lot near Colorado River, great investment opportunity.
      TBD TBD, Parachute, CO 81635
      View Details
    • $135,000

      Commercial Lot on Main Street

      Prime commercial lot in Parachute, Colorado, with high visibility.
      136 E 1st Street, Parachute, CO 81635
      View Details
    • $799,000

      Colorado River Frontage Acreage

      70+ acre riverfront property with mountain views near Parachute.
      Tbd#1 & 2 Cr 300 (Stone Quarry Road), Parachute, CO 81635
      View Details
    • $255,000

      Parachute Industrial Land For Sale

      1.38 acre industrial land with easy interstate access.
      TBD 2 Mosher Avenue, Parachute, CO 81635
      View Details
    • $120,000

      Land with Golf Course Views

      Residential lot with 360-degree views, ideal for building.
      18 Rampart Place, Parachute, CO 81635
      View Details
    • $120,000

      Golf Course Lot For Sale

      Vacant lot on a scenic Colorado golf course.
      143 Boulder Ridge Drive, Parachute, CO 81653
      View Details
    • $1,200,000

      23 Acres Development Opportunity

      Prime land parcel in Parachute, Colorado, for mixed-use development.
      County Rd 301, Parachute, CO 81635
      View Details
    • $165,000

      Residential Land with Mountain Views

      Large lot in The Reserve with paid water/sewer tap.
      Parachute, CO 81635
      View Details

    FAQs

    What type of property is this?
    Land - 23-acre parcel with mixed-use or subdivision potential in Parachute, CO.
    Where is this land located?
    The property is located at TBD #2 County Road 300 & 305 Parachute, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Expansive 23‑acre parcel ideal for development; Prime location in the growing community of Parachute, Colorado; Flexible potential for mixed‑use development or residential subdivision
    (970) 274-2221
    We can help!
    Listing Contact
    Diana Lawrence
    Real Estate License ID: FA100087265
    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!