Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    397 Rainbow Trl South Fork, CO 81154

    Sponsored
    For Sale
    $70,000

    Residential - South Fork, CO

    Type:Single Family Residence
    Lot size:
    1.18 Acres
    Days on Market:
    217
    Last Refresh:
    Jan 21 at 12:06 am

    Property Features for 397 Rainbow Trl

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Yvonne Hoffman
    Yvonne Hoffman

    Steffens & Company Realty, Inc (719) 873-1700 [email protected]

    Listing agent Yvonne Hoffman (719) 873-1700

    Listing date Jun 19, 2025

    MLS# 825472 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.

    Learn more

    Property Insight Report

    Overview

    South Fork Residential Land

    This approximately 1.18-acre property, consisting of an 8-lot grouping, offers multiple access points and a variety of building spots. The location provides 360-degree mountain views, trees, and grassed open spots. Electric service is located nearby. The property is situated in the Upper Alpine Subdivision, specifically lots 4, 5, 6, 7, 8, 15, 16, and 17 of Block 15. It offers a building site for a cabin, or a modular or mobile home setup. Located in South Fork, Colorado, the property allows camping with a Rio Grande County camping permit. Short-term rentals, including VRBO, are permitted according to county regulations. National Forest access is a few blocks away. There is no HOA and no covenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    South Fork
    County
    Rio Grande
    State
    Colorado
    Longitude
    -106.723968
    Latitude
    37.733142

    Nearby Similar for Sale

    • $2,525,000
      18,134 SF

      Rainbow Lodge RV Park Investment

      Iconic RV park and motel in South Fork, Colorado.
      30359 Hwy 160 W, South Fork, CO 81154
      View Details
    • $3,600,000
      5,700 SF

      Thriving Motor Sports Business For Sale

      Turn-key motor sports business with retail, rentals, and service.
      29130 Us Highway 160, South Fork, CO 81154
      View Details
    • $660,000
      2,448 SF

      Turn-Key Restaurant Opportunity in South Fork

      Thriving pizza restaurant with real estate for sale in South Fork.
      30483 Us Highway 160, South Fork, CO 81154
      View Details
    • $595,000
      3,837 SF

      Turnkey Restaurant & Income Property

      Restaurant and income property in South Fork, Colorado.
      30333 Us Highway 160, South Fork, CO 81154
      View Details
    • $375,000
      2,659 SF

      Commercial Building with Expansion Potential

      Commercial building in a prime location with high visibility.
      29919 Hwy 160 W, South Fork, CO 81154
      View Details
    • $325,000
      3,136 SF

      South Fork Business Opportunity Available

      Commercial property in South Fork, Colorado, ideal for various businesses.
      76 Hwy 149, South Fork, CO 81154
      View Details
    • $140,000
      800 SF

      South Fork Commercial Opportunity

      Versatile commercial building in South Fork with high visibility.
      88 Hwy 149 W, South Fork, CO 81154
      View Details
    • $875,000
      5,350 SF

      Versatile Mountain Property in South Fork

      5350 SF property suitable for various business ventures.
      173 Frontage Rd, South Fork, CO
      View Details

    FAQs

    What type of property is this?
    Land - 1.18 acre residential land with mountain views in South Fork.
    Where is this land located?
    The property is located at 397 Rainbow Trl South Fork, CO.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: - Extraordinary 360-degree mountain views.; - 1.18 acre, 8-lot grouping with multiple access points and a variety of building spots.; - No HOA, No Covenants.
    (719) 873-1700
    Request Owner's contact information
    397 Rainbow Trl South Fork, CO 81154
    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.
    397 Rainbow Trl
    South Fork, CO 81154
    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
    397 Rainbow Trl South Fork, CO 81154
    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

    We can help!
    Listing Contact
    Yvonne Hoffman
    Yvonne Hoffman
    (719) 873-1700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.