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

    3615 Summertime Court Monument, CO 80132

    View on Map
    Claim this Listing
    New
    For Sale
    $330,000

    LAND - Monument, CO

    Lot size:
    2.83 Acres
    Added:
    Apr 26, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 27 at 3:06 pm

    Property Features for 3615 Summertime Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.83 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4111

    We can help!

    Listing Contact
    Matthew Hornung
    Matthew Hornung

    Listing agent Matthew Hornung

    Listing office Assist-2-Sell Buyers & Sellers Choice P.O Box 731, Monument, CO

    Listing date Apr 26, 2026

    MLS# 4832370 Listing URL

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

    Overview

    Monument Vacant Land Parcel

    This 2.83-acre vacant land parcel is located in Monument, Colorado. The property, identified as lot 34, features an open meadow and natural surroundings, offering potential for building a custom home. The slightly sloping terrain provides walk-out home siting possibilities. A reputable local builder has a custom home sited and planned for the property. The property is exempt from local HOA covenants. The surrounding communities offer access to hiking and biking trails and Pike National Forest recreation. The Tri-Lakes area provides shopping, dining, and entertainment options. The location allows for easy access to I-25, the United States Air Force Academy, Colorado Springs, and south Denver. Excellent D38 schools are nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Monument
    County
    El Paso
    State
    Colorado
    Longitude
    -104.893741
    Latitude
    39.098184

    Nearby Similar for Sale

    • $519,000

      Monument Flex Space with Drive-Through

      Combined flex/light-industrial units with drive-through functionality, ideal for various uses.
      1925 Deer Creek Road, Monument, CO 80132
      View Details
    • $768,000

      Monument Home with Income Potential

      Versatile 5-bedroom home with ADU near downtown Monument.
      244 Mitchell Avenue, Monument, CO 80132
      View Details
    • $590,000

      Remodeled Home with Mountain Views

      Remodeled home on a multi-family zoned lot with Front Range views.
      54 S Washington Street, Monument, CO 80132
      View Details
    • $235,000

      Kings Deer Highlands Land Opportunity

      2.81-acre homesite in Monument's Kings Deer Highlands.
      20383 Royal Troon Drive, Monument, CO 80132
      View Details
    • $299,000

      Premier View Lot in Monument

      Exceptional lot with unmatched panoramic views of Pikes Peak.
      1318 Montcombe Drive, Monument, CO 80132
      View Details
    • $257,000

      Monument Land with Natural Surroundings

      Serene 1.46-acre lot ideal for building a dream home.
      3560 Range View Road, Monument, CO 80132
      View Details
    • $225,450

      Wooded Acreage in Desirable Woodmoor

      Buildable 1.03-acre lot in Monument's established Woodmoor neighborhood.
      1180 Lone Scout Lookout, Monument, CO 80132
      View Details
    • $519,000
      1,810 SF

      Monument Flex Space with Drive-Through

      Combined flex/industrial units with drive-through access, ideal for various uses.
      1925 Deer Creek Rd B103, Monument, CO 80132
      View Details
    • $250,000

      2.5 Acre Golf Course Parcel

      Desirable 2.5-acre parcel in Monument's Kings Deer Highlands.
      19882 Kershaw Court, Monument, CO 80132
      View Details
    • $299,000

      Land in Woodmoor Neighborhood

      1.4 acre lot with views and wooded privacy.
      1380 Buckwood Lane, Monument, CO 80132
      View Details
    • $995,000
      2,736 SF

      Renovated Commercial Property in Monument

      Fully renovated commercial property in downtown Monument, move-in ready condition.
      267 Washington St, Monument, CO
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.83-acre lot ideal for building a dream home.
    Where is this residential land & home lot located?
    The property is located at 3615 Summertime Court Monument, CO.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: Large 2.83‑acre vacant land parcel ideal for building a custom home.; Prime west side location in Monument with great potential.; **Walk‑out home siting possibilities on slightly sloping terrain.**
    (719) 232-2345
    We can help!
    Listing Contact
    Matthew Hornung
    Matthew Hornung
    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!