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

    Tract 2 Oak Street Ouray, CO 81427

    View on Map
    For Sale
    $450,000

    Residential - Ouray, CO

    Type:Single Family Residence
    Lot size:
    5.97 Acres
    Added:
    May 12, 2025
    Days on Market:
    325
    Last Refresh:
    Apr 1 at 7:06 pm

    Property Features for Tract 2 Oak Street

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Marc Hitchcox
    Marc Hitchcox

    Listing agent Marc Hitchcox

    Listing office NextHome Virtual 15402 6260 Road, Montrose, CO

    Listing date May 12, 2025

    MLS# 803573 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.

    Overview

    Ouray Land Parcel For Sale

    This 5+ acre parcel on Oak Street in Ouray, Colorado, presents a development or trophy home opportunity. Zoned R-2, the site allows for a single-family home, condos, townhomes, or other permitted uses. The property is within walking distance of all town services. Utilities are located in the right of way. It borders National Forest and is across the road from the North Ouray Corridor River trail and Uncompahgre River, offering outdoor recreational opportunities. This property represents a great Ouray investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Florist Supermarket (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Restaurant Butcher Restaurant Restaurant Auto Parts Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ouray
    County
    Ouray
    State
    Colorado
    Longitude
    -107.628
    Latitude
    38.0291

    Nearby Similar for Sale

    • $995,000
      2,032 SF

      Downtown Ouray Multi-Use Commercial Space

      Versatile commercial property in the heart of downtown Ouray.
      280 7th Avenue, Ouray, CO 81427
      View Details
    • $949,000
      1,304 SF

      Ouray Mixed-Use Restaurant Opportunity

      Turnkey restaurant and live/work opportunity in the heart of Ouray, Colorado.
      807 Main Street, Ouray, CO 81427
      View Details
    • $1,350,000

      Residential Land in Ouray, Colorado

      1.83 acre residential property for sale in Ouray, Colorado.
      TBD (2 lots) 6th Street, Ouray, CO 81427
      View Details
    • $249,000

      Ouray Land with Utility Access

      Residential land in Ouray, Colorado, with utilities and development potential.
      140 Fedel Court, Ouray, CO 81427
      View Details
    • $249,000

      Ouray Residential Lot For Sale

      Residential lot in Ouray with utilities and multi-family zoning.
      140 Fedel Court, Ouray, CO 81427
      View Details
    • $975,000

      Large Residential Parcel in Ouray

      14.49 acre residential land with multi-family zoning in Ouray.
      tbd Oak Street, Ouray, CO 81427
      View Details
    • $975,000

      Large Parcel in Ouray

      Large R2 zoned parcel in Ouray with mountain views.
      tbd Oak Street, Ouray, CO 81427
      View Details
    • $849,000

      Ouray Land with Riverfront Cabin

      17 acres with Uncompahgre River frontage and rustic cabin.
      TBD County Road 23, Ouray, CO 81432
      View Details
    • $299,000

      Ouray, CO Residential Land

      Raw land ready to build in the resort City of Ouray.
      Lot 16 Hinkson Terrace, Ouray, CO 81427
      View Details
    • $299,000

      Ouray Ready-to-Build Residential Lot

      Ready-to-build lot in Ouray with utilities and forest access.
      Lot 17 Hinkson Terrace, Ouray, CO 81427
      View Details
    • $299,000

      Ready-to-Build Lot in Ouray

      Resort city lot with utilities and National Forest access.
      Lot 16 Hinkson Terrace, Ouray, CO 81427
      View Details
    • $299,000

      Ready-to-Build Lot in Ouray

      Resort city lot with utilities, forest access, and views.
      Lot 17 Hinkson Terrace, Ouray, CO 81427
      View Details

    FAQs

    What type of property is this?
    Land - 5+ acre residential land parcel in Ouray, Colorado.
    Where is this land located?
    The property is located at Tract 2 Oak Street Ouray, CO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 5+ acre parcel bordering National Forest; R‑2 zoning allows for single family home, condos, or townhomes; Walking distance to all services in town
    (970) 729-3055
    We can help!
    Listing Contact
    Marc Hitchcox
    Marc Hitchcox
    Real Estate License ID: EA100007474,PersonLicenseNumber
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!