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    32 Bench Road Parlin, CO 81239

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    Claim this Listing
    For Sale
    $395,000

    Residential - Parlin, CO

    Type:Single Family Residence
    Lot size:
    12.40 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    147
    Last Refresh:
    Apr 21 at 3:06 pm

    Property Features for 32 Bench Road

    General Information

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

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mindy Costanzo
    Mindy Costanzo

    Listing agent Mindy Costanzo

    Listing office Bluebird Real Estate, LLC 211 Elk Ave, Crested Butte, CO

    Listing date Nov 25, 2025

    MLS# 819539 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

    Parlin, CO Land with Creek

    This 12.4-acre homesite is located on Quartz Creek near Parlin, Colorado, a short 15-minute drive east of Gunnison. The property is part of the Green Mesa Ranch subdivision, which has been divided into 13 ranchettes. Lot 5 features over 550 feet of Quartz Creek frontage, a trout stream that runs through the entire ranch. Owners and their guests have exclusive fishing rights along both banks of Quartz Creek. Underground electric is stubbed into the property, and a well permit is in place for future domestic water. A septic plan has been approved by Gunn County. A survey plat can be provided indicating the location of the building envelope that overlooks a private hay meadow. An improved gravel road, maintained by the HOA, provides year-round access. The property benefits from a hay production lease, which qualifies it for AG (Agricultural) status for a lower tax assessment. A level home building site is planned. Green Mesa Ranch is near National Forest lands and the Fossil Ridge Wilderness Area. The property offers views of surrounding mountains and a hay meadow. Gunnison, with shopping, Western State Colorado University, and the Gunnison-Crested Butte Jetport, is a 15-minute drive away.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Parlin
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.62
    Latitude
    38.576

    Nearby Similar for Sale

    • $1,300,000
      1,388 SF

      Quartz Creek Valley Mini Ranch

      51-acre mini ranch with national forest access near Gunnison, CO.
      9437 County Road 76, Parlin, CO 81239
      View Details
    • $5,000,000

      Secluded Mountain Ranch with Trout Lake

      114-acre ranch with water resources, improvements, and recreational value.
      5291 County Road 76, Parlin, CO 81239
      View Details
    • $5,950,000

      Secluded Mountain Ranch with Trout Lake

      114-acre ranch with updated residence, guest cabins, and water features.
      5291 County Road 76, Parlin, CO 81239
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 12.4 acre homesite on Quartz Creek near Gunnison.
    Where is this agricultural land / farmland located?
    The property is located at 32 Bench Road Parlin, CO.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 12.4 acre ranchette with 550+ feet of Quartz Creek frontage and exclusive fishing rights.; AG (Agricultural) status provides significant property tax benefits (e.g., $48 last year).; Well permit in place for domestic water and septic plan approved by Gunn County.
    (970) 209-2300
    We can help!
    Listing Contact
    Mindy Costanzo
    Mindy Costanzo
    Learn More
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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
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