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

    8077 State Highway 135 Gunnison, CO 81230

    Sponsored
    For Sale
    $199,000

    Residential - Gunnison, CO

    Type:Single Family Residence
    Lot size:
    3.00 Acres
    Days on Market:
    50
    Last Refresh:
    Jan 24 at 8:06 pm

    Property Features for 8077 State Highway 135

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jana Barrett

    Bluebird Real Estate (970) 349-6691

    Listing agent Jana Barrett (970) 349-6691

    Listing date Dec 6, 2025

    MLS# 828239 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

    Gunnison Land Overlooking River

    Two lots, totaling almost 3 acres, are available for sale. The property features an elevated location with views of the Gunnison River and the Lost Canyon area. Bordering national forest on the west side, the site provides access for hiking and hunting on Flattop Mountain in Game Management Unit #54. The county zoning allows for parking an RV on site with a well and septic system. The zoning also permits a VRBO situation or a tiny home with county approval. Located along Highway 135, the property offers potential and is close to Crested Butte. The property is sold in "as is, where is" condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Gym & Fitness Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Gunnison
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.867171
    Latitude
    38.646015

    Nearby Similar for Sale

    • $1,650,000
      2,396 SF

      Gunnison Commercial/Industrial Property with Residence

      2+ acres with shop, yard, and renovated 4-bedroom home.
      43950 Us Highway 50, Gunnison, CO 81230
      View Details
    • $1,800,000
      3,534 SF

      Mixed-Use Property in Gunnison, CO

      Versatile commercial space with two residential units in Gunnison.
      322 N Main St, Gunnison, CO 81230
      View Details
    • $865,000
      3,841 SF

      Historic Victorian Fiveplex Near University

      Victorian fiveplex near Western Colorado University with strong rental history.
      518 E Georgia Ave, Gunnison, CO 81230
      View Details
    • $875,000
      4,971 SF

      Gunnison Office Building For Sale

      Spacious office building in Gunnison's Core Business District.
      130 E Virginia Ave, Gunnison, CO 81230
      View Details
    • $1,450,000
      5,724 SF

      Gunnison Industrial Zone Flex Space

      Industrial flex space with secure yard in Gunnison, Colorado.
      601 S 10Th St, Gunnison, CO 81230
      View Details
    • $1,995,000
      6,000 SF

      Secluded Ranch Surrounded by Forest

      160-acre ranch with creek, dwellings, equestrian facilities, and mountain views.
      663 County Road 24Uu, Gunnison, CO 81230
      View Details
    • $320,000
      597 SF

      Charming Condo Near Downtown Gunnison

      One-bedroom condo near downtown, perfect for living or investment.
      1314 W Tomichi Ave, Gunnison, CO 81230
      View Details
    • $379,000
      1,296 SF

      Updated Home in Downtown Gunnison

      Charming 3-bedroom home with recent updates in downtown Gunnison.
      1208 W Tomichi Ave, Gunnison, CO 81230
      View Details
    • $950,000
      2,318 SF

      Downtown Gunnison Restaurant - Turnkey Operation

      Established Restaurant, High Capacity, Prime Location
      112 Main St, Gunnison, CO 81230
      View Details
    • $875,000
      4,550 SF

      Gunnison Commercial Space - Highway 50

      High-traffic location, remodeled commercial building.
      800 Tomichi Ave, Gunnison, CO 81230
      View Details
    • $995,000
      4,350 SF

      Gunnison Commercial Gem

      Versatile 4,350 sq ft Mixed-Use Property
      80 Camino Del Rio, Gunnison, CO 81230
      View Details
    • $455,000
      3,125 SF

      Gunnison CBD Commercial Space

      Prime Gunnison location, 3125 sq ft, high visibility.
      237 Main St, Gunnison, CO 81230
      View Details

    FAQs

    What type of property is this?
    Land - Almost 3 acres with river views near Crested Butte.
    Where is this land located?
    The property is located at 8077 State Highway 135 Gunnison, CO.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Two lots totaling almost 3 acres offered for the price of one.; - County zoning allows for VRBO, tiny home, or RV use (with county approval and well/septic for extended RV stays).; - Borders national forest, providing easy access for hiking and hunting (Game Management Unit #54).
    (970) 209-9510
    Request Owner's contact information
    8077 State Highway 135 Gunnison, CO 81230
    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.
    8077 State Highway 135
    Gunnison, CO 81230
    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
    8077 State Highway 135 Gunnison, CO 81230
    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
    Jana Barrett
    (970) 209-9510
    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.