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
    The Largest CRE Database in the US with Over 1 Million Listings

    5129 Frying Pan Rd Basalt, CO 81621

    Sponsored
    For Sale
    $1,952,000

    LAND - Basalt, CO

    Lot size:
    6.51 Acres
    Days on Market:
    142
    Last Refresh:
    Jan 29 at 1:06 pm

    Property Features for 5129 Frying Pan Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Rural Residential
    APN
    246701308001
    Lot size
    6.51 Acres

    We can help!

    Listing Contact
    Doug Leibinger

    Compass Colorado LLC (970) 925-6063

    Listing agent Doug Leibinger (970) 379-9045

    Listing date Sep 10, 2025

    MLS# 189499

    Copyright © 2025 Aspen/Glenwood Springs MLS. 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

    Basalt Land with River Views

    This 6.508-acre lot is located in the iconic Frying Pan River valley, known for gold medal fishing, stunning vistas, and towering cliffs. Part of the Castle View Estates, the property features a spring-fed pond and views of the Seven Castles Redstone towers. Eagles, Osprey, and Herron fly overhead. The site plan is available under documents. This is an opportunity to build a special home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Wholesale Shop Kitchen & Bath Travel Agency Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Basalt
    County
    Eagle
    State
    Colorado
    Longitude
    -106.954244
    Latitude
    39.382912

    Nearby Similar for Sale

    • $740,000
      1,046 SF

      Class-A Office Space in Basalt

      Light and bright office space in Willits Town Center.
      711 E Valley Rd, Basalt, CO 81621
      View Details
    • $2,495,000
      1,876 SF

      New Construction Townhome in Basalt

      Luxury townhome with high-end finishes and outdoor amenities.
      337 Stotts Ml Rd, Basalt, CO 81621
      View Details
    • $16,400,000
      11.76 Acres

      Basalt Mixed-Use Resource Zoned Property

      Mixed-use property with river frontage, existing tenants, and residential home.
      0044 Hooks Ln, Basalt, CO 81621
      View Details
    • $16,400,000
      2,000 SF

      Mixed-Use Property in Basalt, Colorado

      Mixed-use property with river frontage, tenants, home, outbuildings, and land.
      0044 Hooks Ln, Basalt, CO 81621
      View Details
    • $1,755,990
      1,962 SF

      Spacious Duplex in Basalt, Colorado

      Three-bedroom duplex with quality craftsmanship and outdoor living spaces.
      315 Summerset Ln, Basalt, CO 81621
      View Details
    • $499,000
      722 SF

      Basalt Commercial Space with River Views

      Top-floor corner unit with Roaring Fork River views.
      23286 Two Rivers Rd, Basalt, CO 81621
      View Details
    • New
      $1,595,000
      2,038 SF

      Downtown Basalt Office Space

      Office space in historic downtown Basalt, Colorado.
      229 Midland Ave, Basalt, CO 81621
      View Details
    • $12,500,000
      5,364 SF

      Historic Landmark Mixed-Use Potential

      Iconic Basalt property with redevelopment potential in prime downtown location.
      165 Midland Ave, Basalt, CO 81621
      View Details
    • $2,050,000
      0.46 Acres

      Basalt Commercial Development Opportunity

      Approved development rights for retail and deed-restricted housing.
      unit The Edge At Tree Farm Tree Farm Dr, Basalt, CO 81621
      View Details
    • $1,500,000
      Pending

      New Retail Space in Basalt

      High visibility commercial space in Willits neighborhood.
      E Valley Rd, Basalt, CO 81621
      View Details
    • $1,695,000
      1,935 SF

      Light-Filled Townhome in Willits

      Well-maintained 3-bedroom townhome in Basalt's desirable Willits neighborhood.
      540 Evans Ct, Basalt, CO 81621
      View Details
    • $555,000

      Remodeled Retail Space in Basalt

      Chic, remodeled retail space in downtown Basalt with street presence.
      227 Midland Ave, Basalt, CO 81621
      View Details

    FAQs

    What type of property is this?
    Land - 6.51 acres in the Frying Pan River Valley.
    Where is this land located?
    The property is located at 5129 Frying Pan Rd Basalt, CO.
    What is the asking price?
    The asking price for this property is $1,952,000.
    What are key features of this property?
    This property features: - Gold medal fishing in the Frying Pan River.; - Stunning views of the Seven Castles Redstone towers.; - 6.508-acre lot in Castle View Estates.
    (970) 379-9045
    Request Owner's contact information
    5129 Frying Pan Rd Basalt, CO 81621
    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.
    5129 Frying Pan Rd
    Basalt, CO 81621
    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
    5129 Frying Pan Rd Basalt, CO 81621
    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
    Doug Leibinger
    Real Estate License ID: FA40009481
    (970) 379-9045
    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.