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

    584 Sourdough Rd Woodland Park, CO 80863

    Sponsored
    For Sale
    Pending
    $12,900,000

    LAND - Woodland Park, CO

    Lot size:
    420.00 Acres
    Days on Market:
    96
    Last Refresh:
    Feb 6 at 11:06 am

    Property Features for 584 Sourdough Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    420.00 Acres

    Building Details

    Additional Structures
    Guest House

    We can help!

    Listing Contact
    Jennifer Erdley

    The Compass Team, Real Estate Group, LLC (719) 339-4583

    Listing agent Jennifer Erdley (719) 339-4583

    Listing date Nov 3, 2025

    MLS# 6447266 Listing URL

    Copyright © 2025 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

    Property Insight Report

    Overview

    Sourdough Ranch: Colorado Legacy Property

    Sourdough Ranch, a 420-acre property, is located one mile north of downtown Woodland Park. The property offers unobstructed, panoramic views of Pikes Peak. The land features a mix of Aspens, Pines, Ponderosa forests, and open rolling meadows. The property includes twelve subdividable 35-acre parcels, presenting a development or conservation opportunity. A collection of guest cabins, a caretaker's residence, barns, workshops, pavilions, and a bathhouse with a full kitchen are located on the property. The ranch is suited for weddings, corporate retreats, reunions, summer camps, or destination events. Miles of hiking, biking, and ATV trails are available, with access to National Forest. A pond with a dock is located on the property. The landscape includes rock outcroppings. The location is one mile to Shining Mountain Golf Course, 45 minutes to Colorado Springs Airport, and just over an hour to fly fishing and skiing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MC Hammer Inc Construction Company

    Suggested Use

    Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center Kitchen & Bath Showroom Accounting Firm Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Park
    County
    Teller
    State
    Colorado
    Longitude
    -105.057218
    Latitude
    39.034936

    Nearby Similar for Sale

    • New
      $1,500,000
      0.26 Acres

      Highway-Front Commercial Opportunity, Views

      Commercial property with highway frontage, patio, and mountain views.
      110 W Midland Ave, Woodland Park, CO 80863
      View Details
    • $247,000
      0.22 Acres

      Prime Commercial Property, Woodland Park

      Highly visible commercial property ideal for offices, salons, or retail.
      607 S Baldwin St, Woodland Park, CO 80863
      View Details
    • $599,900
      0.69 Acres

      Two Buildings on 0.7 Acres

      Commercial property with two buildings and Neighborhood Commercial zoning.
      500 Rampart Range Rd, Woodland Park, CO 80863
      View Details
    • $2,250,000

      Turnkey Restaurant in Woodland Park

      Established restaurant with real estate, business, and equipment included.
      1139 Highway 24 E, Woodland Park, CO 80863
      View Details
    • New
      Contact for pricing
      0.25 Acres

      Woodland Park Office Building For Lease

      Class A office space in a high-exposure Woodland Park location.
      1212-1/2 Highway 24 E, Woodland Park, CO 80863
      View Details
    • Contact for pricing

      Pikes Peak Lodge & Cabins

      Boutique hotel with cabins and suites near Pikes Peak.
      777 Us-24, Woodland Park, CO
      View Details
    • Contact for pricing

      Pikes Peak Lodge & Cabins

      Boutique hotel with cabins and suites near Pikes Peak.
      777 S 24, Woodland Park, CO 80863
      View Details
    • $515,000

      Woodland Park Medical Office Condo

      Turnkey medical office condo in a highly visible location.
      101 Sundial Dr, Woodland Park, CO 80863
      View Details
    • $600,000
      4,936 SF

      Woodland Park Office Building

      Fully occupied office building in Woodland Park, Colorado.
      150 Morning Sun Dr, Woodland Park, CO 80863
      View Details
    • $650,000
      2,832 SF

      Woodland Park Investment Opportunity

      Cash flowing commercial building with office and residential income.
      210 W Ave S, Woodland Park, CO
      View Details
    • Contact for pricing
      10,878 SF

      Woodland Park Retail Center

      Grocery store anchored retail center in Woodland Park, Colorado.
      770-783 Gold Hill Pl, Woodland Park, CO 80863
      View Details

    FAQs

    What type of property is this?
    Ranch - 420-acre mountain haven near Woodland Park with development potential.
    Where is this ranch located?
    The property is located at 584 Sourdough Rd Woodland Park, CO.
    What is the asking price?
    The asking price for this property is $12,900,000.
    What are key features of this property?
    This property features: - 420+ acre property with unobstructed, panoramic views of Pikes Peak.; - Subdividable into twelve 35-acre parcels, offering development or conservation opportunities.; - Includes guest cabins, caretaker's residence, barns, workshops, and a bathhouse with full kitchen.
    (719) 339-4583
    Request Owner's contact information
    584 Sourdough Rd Woodland Park, CO 80863
    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.
    584 Sourdough Rd
    Woodland Park, CO 80863
    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
    584 Sourdough Rd Woodland Park, CO 80863
    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
    Jennifer Erdley
    Real Estate License ID: 1325285
    (719) 339-4583
    Learn more
    Google sign-in failed. Please try again or use another login method.