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    Durango Residential Land Opportunity Title is generated by Realmo AI

    53 Snowdrop Ct. Lot 140, Durango, CO 81301

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    Claim this Listing
    For Sale
    $359,000

    Residential - Durango, CO

    Type:Single Family Residence
    Lot size:
    0.42 Acres
    Added:
    Feb 13, 2026
    Days on Market:
    85
    Last Refresh:
    May 9 at 4:06 am

    Property Features for 53 Snowdrop Ct. Lot 140

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Phil Schoon

    Listing agent Phil Schoon

    Listing office Keller Williams Realty Southwest Associates, LLC 700 Main Av, Durango, CO

    Listing date Feb 13, 2026

    MLS# 816612 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

    • Large lot sizes averaging 21,000 sq ft, the largest in Twin Buttes.
    • Located in Twin Buttes, a subdivision within Durango city limits, just a couple of miles from downtown amenities.
    • Direct access to 12 miles of single‑track mountain biking and hiking trails.
    • No HOA dues.
    • Utilities and services included: water, sewer, natural gas, electric, fiber‑optic internet, city trash/recycle, road maintenance, and snow removal.
    • Many lots back up to protected buffer zones.

    Overview

    Located in the Twin Buttes neighborhood within Durango city limits, this residential land offers an opportunity for new home construction. The available single-family build sites range in size from 12,000 sf to 42,000 sf, with an average lot size of 21,000 sf. Many of the lots adjoin protected buffer zones, including common areas, open space, or public lands. Twin Buttes provides in-town amenities such as water, sewer, natural gas, electric, and fiber-optic internet, along with city trash and recycle services, road maintenance, snow removal, and city parks. Community amenities include a pickle-ball court and picnic area at Pauls Park, a playground at Rowe Park in Wild Chives, The Historic Tram Park, The Farm Stand for fresh produce, and paved trails connecting to 12 miles of single-track mountain biking and hiking trails. Road and infrastructure construction is underway, with new home builds anticipated to start in 2026. The subdivision is located a couple miles from Downtown Durango.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.863
    Latitude
    37.3486

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Twin Buttes, ready for new home builds.
    Where is this residential land & home lot located?
    The property is located at 53 Snowdrop Ct. Lot 140 Durango, CO.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: Large lot sizes averaging 21,000 sq ft, the largest in Twin Buttes.; Located in Twin Buttes, a subdivision within Durango city limits, just a couple of miles from downtown amenities.; Direct access to 12 miles of single‑track mountain biking and hiking trails.
    (970) 769-2857
    We can help!
    Listing Contact
    Phil Schoon
    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.

    More about this property
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