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

    3376 Elk Springs Drive Glenwood Springs, CO 81601

    View on Map
    For Sale
    $365,000

    LAND - Glenwood Springs, CO

    Lot size:
    3.37 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 3 at 4:06 am

    Property Features for 3376 Elk Springs Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    218535113064
    Lot size
    3.37 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Lot #64, Elk Springs filing 9, A Subdivision of Los Amigos Ranch PUD According to the Plat thereof Recorded May 20, 2011
    TaxAnnualAmount
    7142

    We can help!

    Listing Contact
    Maria Wimmer
    Maria Wimmer

    Listing agent Maria Wimmer License #FA100079010

    Listing office Coldwell Banker Mason Morse-Carbondale 0290 Hwy 133, Aspen, CO

    Listing date Mar 5, 2026

    MLS# 191908

    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

    Glenwood Springs Land with Views

    This 3.37-acre parcel of land in Glenwood Springs, Colorado, offers panoramic views of Mt. Sopris and Sunlight Mountain. The property is larger than most surrounding parcels, providing privacy to the south and west, along with open space and mountain vistas in every direction. Wildlife frequently passes through the property. Located 20 minutes from Carbondale or Glenwood Springs, the property offers peaceful seclusion with convenient access to both towns. The seller has already paid the water tap fee and sewer tap fee. With a 2,000 square foot minimum build requirement, this homesite is an opportunity to design and build a dream home. Lots in this area average just over two acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    Glenwood Springs
    County
    Garfield
    State
    Colorado
    Longitude
    -107.29
    Latitude
    39.6119

    Nearby Similar for Sale

    • $3,400,000
      5,600 SF

      Glenwood Springs Commercial Opportunity

      Versatile commercial building with warehouse, office, and event center potential.
      625 Airport Road, Glenwood Springs, CO 81601
      View Details
    • $815,000
      2,136 SF

      Move-in Ready Office with Mountain Views

      Bright office space in Penrose Plaza, Glenwood Springs.
      2520 S Grand Avenue unit: 209, Glenwood Springs, CO 81601
      View Details
    • $525,000
      1,129 SF

      Glenwood Springs Office Condominium

      Light-filled office space with mountain views and storage unit.
      2520 S Grand Avenue unit: 203, Glenwood Springs, CO 81601
      View Details
    • $675,000
      1,675 SF

      Glenwood Springs Office Condo

      Ground-level office condo with private entrance and parking.
      2520 S Grand Avenue unit: 104, Glenwood Springs, CO 81601
      View Details
    • $4,599,000
      10,000 SF

      Historic Mixed-Use Building For Sale

      Historic downtown Glenwood Springs mixed-use property with retail and apartments.
      725 Grand Avenue, Glenwood Springs, CO 81601
      View Details
    • $879,000
      2,214 SF

      Updated Duplex in Glenwood Springs

      Mid-Century Modern duplex with flexible living options and desirable location.
      1809 Grand Avenue, Glenwood Springs, CO 81601
      View Details
    • $450,000

      2.34-Acre Homesite in Glenwood Springs

      Premier building site with mountain views and convenient location.
      Van Dorn Drive, Glenwood Springs, CO 81601
      View Details
    • $379,000

      Premier View Lot in Glenwood

      2.89-acre residential lot with panoramic mountain views.
      3408 Elk Springs Drive, Glenwood Springs, CO 81601
      View Details
    • $319,000

      Glenwood Springs Wooded Mountain Lot

      Spacious 4.43-acre wooded lot with mountain views and community access.
      361 Pinon Drive, Glenwood Springs, CO 81601
      View Details
    • $235,000

      Residential Land with Mountain Views

      Two-acre residential lot in Elk Springs subdivision with mountain views.
      137 Cedar Cove, Glenwood Springs, CO 81601
      View Details
    • $1,350,000
      3,807 SF

      Glenwood Springs Income Property

      Rare downtown income property with endless potential and flexibility.
      1015 Grand Avenue, Glenwood Springs, CO 81601
      View Details
    • $325,000

      Residential Land in Pinyon Mesa

      Flat 0.25-acre lot for dream home with great views.
      95 Cliff Rose Way, Glenwood Springs, CO 81601
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.37 acres with mountain views, close to Glenwood Springs.
    Where is this residential land & home lot located?
    The property is located at 3376 Elk Springs Drive Glenwood Springs, CO.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: Breathtaking 3.37 acre homesite with panoramic views of Mt. Sopris and Sunlight Mountain.; Rare privacy to the south and west.; Water and sewer tap fees already paid, a significant savings!
    (970) 274-0647
    We can help!
    Listing Contact
    Maria Wimmer
    Maria Wimmer
    Real Estate License ID: FA100079010
    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!