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    5328 Highway 348 Olathe, CO 81425

    Under Contract
    For Sale
    $1,199,000

    Multi-Use w/Res - Olathe, CO

    Property size:
    2,424 SF
    Lot size:
    12.28 Acres
    Days on Market:
    136
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 5328 Highway 348

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Size
    2,424 SF
    Lot size
    12.28 Acres

    Building Details

    Year built
    1950
    Architectural style
    Other

    United Country Real Colorado Properties (970) 256-9700 [email protected]

    Listing agent Brooke Snyder (970) 256-9700

    Listing date Jul 24, 2025

    MLS# 811931 Listing URL

    Copyright © 2025 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.

    Overview

    Olathe, CO Multi-Use Property

    Located in Olathe, Colorado, this 12.28-acre property includes a primary residence and a wedding/event venue. The grounds offer a rustic setting with western charm. The iconic "Red Barn," originally built in 1910 and refurbished in 2018, caters to weddings and various events. The property also includes a remodeled 1,448 sq. ft. modular home, suitable for accommodations. A 1950s residence features a fireplace, a master bedroom with an en-suite bath on the main level, an office area, two additional bedrooms upstairs, and a downstairs space. The property offers a designated building site on the southern edge, complete with an existing stock water tap, and an RV site. The property has 12 shares of irrigation water with a wheel line irrigation system that draws water directly from a nearby canal through a pump. The property offers an income-generating opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Restaurant Realty agency Hotel & Motel Grocery Store Wine and Liquor Store Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Montrose
    State
    Colorado
    Longitude
    -108.0499013
    Latitude
    38.6069557

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    FAQs

    What type of property is this?
    Wedding venue - 12.28-acre property with residence and wedding/event venue.
    Where is this wedding venue located?
    The property is located at 5328 Highway 348 Olathe, CO.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: - 12.28-acre property functioning as a primary residence and established wedding/event venue.; - Iconic, refurbished 'Red Barn' (built 1910, refurbished 2018) is suitable for weddings and various events.; - Newly remodeled 1,448 sq. ft. modular home, ideal for Airbnb/VRBO or guest accommodations.
    (970) 256-9700
    Request Owner's contact information
    5328 Highway 348 Olathe, CO 81425
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    Olathe, CO 81425
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    Realmo Value Estimation

    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.

    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.

    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
    5328 Highway 348 Olathe, CO 81425
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