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

    761 Basswood Ln Canon City, CO 81212

    Sponsored
    For Sale
    $30,000

    LAND - Canon City, CO

    Lot size:
    1.89 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 8 at 11:06 am

    Property Features for 761 Basswood Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    40005486
    Lot size
    1.89 Acres

    We can help!

    Listing Contact
    Charlotte McCormick

    Re/Max Associates (719) 583-8383

    Listing agent Charlotte McCormick (719) 619-6581

    Listing date Feb 6, 2026

    MLS# 6778806

    Copyright © 2026 Royal Gorge 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

    Canon City Land For Sale

    This 1.89-acre commercial land parcel is located in Canon City, Colorado. The lot offers potential for new construction and features trees and views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Canon City
    County
    Fremont
    State
    Colorado
    Longitude
    -105.531733
    Latitude
    38.57841

    Nearby Similar for Sale

    • $425,000
      0.18 Acres

      Downtown Canon City Fourplex Investment

      Fully occupied fourplex near downtown Canon City's amenities.
      621 Royal Gorge Blvd, Canon City, CO 81212
      View Details
    • $1,575,000
      2.42 Acres

      Versatile Commercial Space with Extra Land

      39,974 sqft commercial space with retail, office, warehouse potential.
      1630 E Main St, Canon City, CO 81212
      View Details
    • $395,000
      648 SF

      Canon City Two-Unit Property

      Two-unit property featuring a main residence and detached unit.
      2632 Pear St, Canon City, CO 81212
      View Details
    • $550,000
      0.24 Acres

      Canon City Commercial Building For Sale

      Commercial building in historic Canon City, Colorado, with parking lot.
      512 Royal Gorge Blvd, Canon City, CO 81212
      View Details
    • $287,500
      0.12 Acres

      Duplex in Canon City, CO

      Investment opportunity: duplex with two homes on one lot.
      211 Greenwood Ave, Canon City, CO 81212
      View Details
    • $425,000
      0.18 Acres

      Canon City Quadplex Investment

      Fully leased quadplex in historic downtown Canon City.
      621 Royal Gorge Blvd, Canon City, CO 81212
      View Details
    • $379,000
      Pending

      Canon City Fourplex Investment Opportunity

      Fourplex near Main Street, parks, and schools in Canon City.
      623/627 N 6Th St, Canon City, CO 81212
      View Details
    • $575,000
      0.28 Acres

      Remodeled Commercial Building For Sale

      Remodeled commercial building in Canon City, Colorado, with high visibility.
      402 Royal Gorge Blvd, Canon City, CO 81212
      View Details
    • $300,000
      0.11 Acres

      Downtown Canon City Fourplex

      Well-maintained fourplex in downtown Canon City with long-term renters.
      1106 Main St, Canon City, CO 81212
      View Details
    • $419,900
      0.14 Acres

      Historic Canon City Commercial Building

      Renovated 1888 building in downtown Canon City, Colorado.
      402 Main St, Canon City, CO 81212
      View Details
    • $2,675,000
      2.68 Acres

      Canon City Strip Center Lease

      Master lease opportunity in Canon City with franchise tenants.
      1811 Fremont Dr, Canon City, CO 81212
      View Details
    • $419,900
      0.14 Acres

      Corner Building in Downtown Canon

      Multi-functional commercial building in Canon City's Central Business District.
      402 Main St, Canon City, CO 81212
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.89 acre lot with trees and views.
    Where is this commercial land located?
    The property is located at 761 Basswood Ln Canon City, CO.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - 1.89 acre lot; - Great location; - Potential for new build
    (719) 619-6581
    Request Owner's contact information
    761 Basswood Ln Canon City, CO 81212
    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.
    761 Basswood Ln
    Canon City, CO 81212
    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
    761 Basswood Ln Canon City, CO 81212
    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
    Charlotte McCormick
    (719) 619-6581
    Learn more
    Google sign-in failed. Please try again or use another login method.