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    4225 Walker Vis Hts Colorado Springs, CO 80908

    View on Map
    Sponsored
    For Sale
    $2,788,000

    MULTI_FAMILY - Colorado Springs, CO

    Property size:
    6,003 SF
    Lot size:
    9.96 Acres
    Days on Market:
    24
    Last Refresh:
    Mar 22 at 5:06 pm

    Property Features for 4225 Walker Vis Hts

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Fireplace
    1
    Size
    6,003 SF
    Lot size
    9.96 Acres

    Utilities

    Heating system
    Propane (Heating), Baseboard, Radiant
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1982
    Roof type
    Shingle

    We can help!

    Listing Contact
    Amy Kunce-Martinez

    The Cutting Edge

    Listing agent Amy Kunce-Martinez

    Listing date Feb 26, 2026

    MLS# 5379475 Listing URL

    Copyright © 2026 Pikes Peak Association of REALTORS. 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

    Overview

    Colorado Springs Estate with Arena

    This 9.96-acre estate, nestled among trees, is located minutes from the U.S. Air Force Academy and other Colorado Springs attractions. The 6,003 sq ft property is being sold fully furnished and has a history as a short-term rental. The property features a gourmet kitchen with high-end appliances, vaulted ceilings, open-concept living spaces, and views of Pikes Peak. A 44 ft indoor heated lap pool and outdoor hot tub are also present. The property includes multiple bedrooms and gathering areas. The owner recently purchased an adjacent 4-acre lot and combined it with the existing property. The combined property may be subdivided into two legal lots. The property is zoned for horses. The 11,976 sq ft barn includes a 78' by 58' indoor riding arena, eight heated stables, a three-bedroom caretaker residence, tack rooms, office space, a feed room, and a bathroom. There is also nearly 2,000 sq ft of covered outdoor storage. The property has proven short-term rental performance with guest reviews that can be transferred. It is conveniently located near hiking and biking trails, Garden of the Gods, and downtown Colorado Springs. The property is suitable for multi-family use and could be used as an income property, a part-time getaway, or a full-time residence.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.744171
    Latitude
    39.10088

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    FAQs

    What type of property is this?
    Horse & equestrian property - 9.96 acre estate with indoor pool and riding arena.
    Where is this horse & equestrian property located?
    The property is located at 4225 Walker Vis Hts Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $2,788,000.
    What are key features of this property?
    This property features: - Significant Income Potential: Proven short-term rental history (VRBO) with strong guest reviews and transferrable performance.; - Unique Indoor Amenities: Enjoy a private 44 ft indoor heated lap pool and indoor riding arena (78' x 58').; - Large Acreage and Subdivision Potential: 9.96 acres comprised of two lots, with the possibility of subdividing into two income-producing properties.
    (719) 661-1199
    Request Owner's contact information
    4225 Walker Vis Hts Colorado Springs, CO 80908
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    Colorado Springs, CO 80908
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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
    4225 Walker Vis Hts Colorado Springs, CO 80908
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