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

    615 County Road 312 Ignacio, CO 81137

    Sponsored
    For Sale
    $379,000

    Agricultural - Ignacio, CO

    Lot size:
    45.96 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 22 at 10:06 pm

    Property Features for 615 County Road 312

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    45.96 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeremy Deas
    Jeremy Deas

    Independent Broker (970) 946-8466 [email protected]

    Listing agent Jeremy Deas (970) 946-8466

    Listing date Jan 21, 2026

    MLS# 831116 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.

    Learn more

    Property Insight Report

    Overview

    45+ Acre Irrigated Field Property

    This 45+ acre property features a lush, irrigated 17+ acre field and multiple elevated building sites that offer sweeping valley and La Plata Mountain views. Situated at the end of publicly maintained CR 312, it is located less than 3 minutes off Hwy 172 in Oxford. This property is suitable for a private homesite, hobby ranch, or continued agricultural use. A gated pipe runs the length of the gently sloping irrigated field, providing efficient and convenient watering. The field has been diligently maintained and fertilized in recent years, yielding two full cuttings of hay. A dedicated headgate on the Morrison Ditch offers easy access and full control of water resources. Central water and electric are available at the northwest corner of the property at the end of CR 312. The end-of-the-road gated access is shared with one other full-time resident and one ag neighbor who has an easement for ranch purposes. The property has low ag taxes, less than $150 this past year. It is located 25 minutes from downtown Durango, 20 minutes from Bayfield, and less than 15 minutes from Ignacio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Ignacio
    County
    La Plata
    State
    Colorado
    Longitude
    -107.698145
    Latitude
    37.1590491

    Nearby Similar for Sale

    • $397,000
      1,770 SF

      Ignacio Commercial Property with Solar

      Highway frontage property with solar, suitable for various business uses.
      210 Goddard Ave, Ignacio, CO 81137
      View Details
    • New
      $225,000
      1,411 SF

      Versatile Commercial Property in Ignacio

      Commercial building with adjacent lot on Ignacio's main street.
      430 Goddard Ave, Ignacio, CO 81137
      View Details
    • $715,000
      5,760 SF

      Stable Multi-Family Investment Opportunity

      Income-producing six-unit apartment building in Ignacio, Colorado.
      470 Burns Ave, Ignacio, CO 81137
      View Details
    • $1,750,000
      3,120 SF

      Retail Property in Ignacio, Colorado

      Retail property featuring 3,120 square feet of space.
      777 County Road 977, Ignacio, CO 81137
      View Details
    • $360,000
      75,664 SF

      Ignacio Commercial Land Investment Opportunity

      1.73 Acres, In-Town Ignacio, CO
      Tbd Goddard Ave, Ignacio, CO 81137
      View Details
    • $419,000
      1,770 SF

      770 sq ft building has been occupied for many uses in the past from enviromental office

      and a library to resturant. There are two restrooms and there is a commercial kitchen ventilation range hood with fire suppresion
      210 Goddard Ave, Ignacio, CO 81137
      View Details
    • $124,990
      1,012 SF

      Ignacio Office Building - Great Location!

      Prime Ignacio office, 1012 sq ft, high traffic area.
      645 Goddard Ave, Ignacio, CO 81137
      View Details
    • $369,000
      3,750 SF

      Ignacio Retail Corner - High Traffic!

      Busy downtown location, 3,750 sq ft, potential for high returns.
      500 Goddard Ave, Ignacio, CO 81137
      View Details

    FAQs

    What type of property is this?
    Specialty property - 45+ acre property with irrigated field and mountain views.
    Where is this specialty property located?
    The property is located at 615 County Road 312 Ignacio, CO.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: - 45+ acre property featuring a 17+ acre irrigated field.; - Multiple elevated building sites offer VALLEY AND LA PLATA MOUNTAIN VIEWS.; - Conveniently located less than 3 minutes from Hwy 172, 25 minutes to Durango.
    (970) 946-8466
    Request Owner's contact information
    615 County Road 312 Ignacio, CO 81137
    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.
    615 County Road 312
    Ignacio, CO 81137
    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
    615 County Road 312 Ignacio, CO 81137
    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
    Jeremy Deas
    Jeremy Deas
    Real Estate License ID: FA.100083211
    (970) 946-8466
    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.