Add Listing
    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

    Rice Mtn Way, Unit 10 Canon City, CO 81215

    Sponsored
    For Sale
    $369,000

    LAND - Canon City, CO

    Lot size:
    70.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 4 at 2:06 pm

    Property Features for Rice Mtn Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    3667000005010
    Lot size
    70.00 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Machelle M. Williams
    Machelle M. Williams

    eXp Realty, LLC (888) 440-2724

    Listing agent Machelle M. Williams (719) 600-7684

    Listing date Mar 3, 2026

    MLS# 7162146 Listing URL

    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

    Secluded Canon City Land Parcel

    This 70-acre property, located northwest of Canon City, features mountain meadows, red rock formations, and mature trees. Wilson Creek meanders through the land, which borders nearly 5,000 acres of BLM land. The property offers potential for building a secluded home or scenic getaway. It can potentially be subdivided into two 35-acre parcels. Located minutes from Canon City, the property provides access to shopping, dining, entertainment, and healthcare. The Arkansas River is nearby, offering opportunities for white-water rafting, fishing, and hiking. The region has a mild four-season climate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Canon City
    County
    Fremont
    State
    Colorado
    Longitude
    -105.281919
    Latitude
    38.540577

    Nearby Similar for Sale

    • $399,900
      3,000 SF

      Commercial Shop with Fenced Lot

      Commercial shop with bays on a large, fenced lot.
      714 S 8Th St, Canon City, CO 81212
      View Details
    • New
      $750,000
      3,080 SF

      Warehouse and Flooring Business Opportunity

      3,080 sq ft warehouse with established flooring business.
      300 Dozier Ave, Canon City, CO 81212
      View Details
    • New
      $750,000
      3,080 SF

      Warehouse with Flooring Business Included

      3,080 sq ft warehouse and established flooring business for sale.
      300 Dozier Ave, Canon City, CO 81212
      View Details
    • $349,900
      0.12 Acres

      Main Street Commercial Space Available

      Spacious main level in prime Canon City location.
      1118 Main St, Canon City, CO 81212
      View Details
    • $475,000
      1.00 Acre

      Canon City Storage Facility

      Fully rented storage building with upside potential in Canon City.
      1271 Lawrence Ave, 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
    • $1,149,000
      0.68 Acres

      Canon City Commercial Building For Sale

      Two-story commercial building with Highway 50 exposure in Canon City.
      2285 Fremont Dr, Canon City, CO 81212
      View Details
    • $625,000
      0.64 Acres

      Mixed-Use Building in Canon City

      Mixed-use property with commercial and residential units near downtown.
      1415 Main St, 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
    • $415,000
      0.14 Acres

      Mixed-Use Building in Downtown Canon

      Corner building with mixed-use potential in Canon City's heart.
      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
    • $385,000
      0.38 Acres

      Canon City Two-Unit Property

      Two-unit property featuring a main residence and detached unit.
      2632 Pear St, Canon City, CO 81212
      View Details

    FAQs

    What type of property is this?
    Land - 70-acre property near Canon City with mountain views.
    Where is this land located?
    The property is located at Rice Mtn Way, Unit 10 Canon City, CO.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: - 70-acre property bordering nearly 5,000 acres of BLM land, offering unparalleled privacy and recreational opportunities.; - Picturesque landscape with mountain meadows, red rock formations, mature trees, and Wilson Creek running through the property.; - Potential to subdivide into two 35-acre parcels, providing flexibility for development or investment.
    (719) 600-7684
    Request Owner's contact information
    Rice Mtn Way, Unit 10 Canon City, CO 81215
    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.
    Rice Mtn Way, Unit 10
    Canon City, CO 81215
    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
    Rice Mtn Way, Unit 10 Canon City, CO 81215
    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
    Machelle M. Williams
    Machelle M. Williams
    Real Estate License ID: FA.100095076
    (719) 600-7684 (888) 440-2724 (303) 882-1191
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!