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    Arrowhead Community Land Opportunity Title is generated by Realmo AI

    450 Hazel Lake Drive, Cimarron, CO 81220

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    For Sale
    $115,000

    Mountain Property - Cimarron, CO

    Lot size:
    1.00 Acre
    Added:
    Mar 9, 2026
    Days on Market:
    73
    Last Refresh:
    May 20 at 9:06 pm

    Property Features for 450 Hazel Lake Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Mountain

    We can help!

    Listing Contact
    Jennifer Thomas

    Listing agent Jennifer Thomas

    Listing office NextHome Virtual 15402 6260 Road, Montrose, CO

    Listing date Mar 9, 2026

    MLS# 832333 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.

    HighLights

    • Ready‑to‑use utilities: Paid water tap, septic system, and 200‑amp electrical service already installed.
    • Prime location for outdoor enthusiasts: Close to Curecanti National Recreation Area, Blue Mesa Reservoir, and Black Canyon of the Gunnison National Park.
    • Access to abundant public lands: Situated within Game Management Unit (GMU) 66 with 96% public land access.
    • Level, wooded lot with mountain view potential: Serene setting with conifer and aspen trees.
    • Convenient access and storage: Includes a well‑maintained gravel driveway and a large storage shed.
    • Centrally located within the Arrowhead community: Easy access to area amenities and Arrowhead Mountain Lodge.

    Overview

    Located in the Arrowhead community, this one-acre lot is suited for a dream home or seasonal retreat. The level, wooded lot features a mix of conifer and aspen trees. The property includes a paid water tap, frost-free hydrant, 200-amp electrical service with 50-amp and 20-amp outlets, and a septic system. A gravel driveway provides access, and a storage shed is present. The location provides access to three private fishing lakes and proximity to public lands suitable for hiking, biking, and motorized sports. The property is situated minutes from the Curecanti National Recreation Area, Blue Mesa Reservoir, and the Black Canyon of the Gunnison National Park. Located within Game Management Unit (GMU) 66, the area allows access to big game species, including elk, mule deer, bear, moose, and pronghorn. The region contains 96% public land. Arrowhead Mountain Lodge is a short drive away and offers lodging, a restaurant and bar, and outdoor activities. Summer activities include live music, fishing, hiking, mountain biking, dirt biking, off-roading, wildlife viewing, and hunting. Winter activities include snowmobiling, snowshoeing, and cross-country skiing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cimarron
    County
    Montrose
    State
    Colorado
    Longitude
    -107.374324
    Latitude
    38.3588271

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    FAQs

    What type of property is this?
    Recreation land - One-acre lot with utilities ready for recreational use.
    Where is this recreation land located?
    The property is located at 450 Hazel Lake Drive Cimarron, CO.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Ready‑to‑use utilities: Paid water tap, septic system, and **200‑amp electrical service already installed**.; Prime location for outdoor enthusiasts: Close to Curecanti National Recreation Area, Blue Mesa Reservoir, and Black Canyon of the Gunnison National Park.; Access to abundant public lands: Situated within Game Management Unit (GMU) 66 with 96% public land access.
    (970) 209-2378
    We can help!
    Listing Contact
    Jennifer Thomas
    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.

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