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

    Highway 50 Gunnison, CO 81230

    View on Map
    Claim this Listing
    For Sale
    $395,000

    LAND - Gunnison, CO

    Lot size:
    39.10 Acres
    Added:
    Dec 19, 2024
    Days on Market:
    479
    Last Refresh:
    Apr 12 at 7:06 am

    Property Features for Highway 50

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    3985-000-00-055
    Lot size
    39.10 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    1093

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Joseph Burns
    Joseph Burns

    Listing agent Joseph Burns License #ER40000060

    Listing office EAGLE LAND BROKERAGE 21263 HWY 550, MONTROSE, CO

    Listing date Dec 19, 2024

    MLS# 20245556

    Copyright © 2026 Grand Junction Area 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.

    Overview

    Gunnison Land with Reservoir Views

    This 39.1-acre property offers views above Morrow Point. Bordering the Curecanti National Recreation Area, the recreation/residential property is accessible year-round off US-HWY 50. It is located a short commute from Blue Mesa Reservoir. Regional air service, dining, and shopping are available in Montrose and Gunnison.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Gunnison
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.939241
    Latitude
    38.543601

    Nearby Similar for Sale

    • $1,250,000
      3,301 SF

      Gunnison Office Building on Main

      Historic office building with modern amenities on Main Street.
      104 W Ruby Avenue, Gunnison, CO 81230
      View Details
    • $825,000
      3,841 SF

      Victorian Fiveplex Near Western University

      Historic Victorian fiveplex with strong rental history near Western University.
      518 E Georgia Avenue, 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 Avenue, Gunnison, CO 81230
      View Details
    • $150,000
      1,400 SF

      Established Art Gallery Business Opportunity

      Turnkey art gallery and framing business in Gunnison, Colorado.
      124 Main Street, Gunnison, CO 81230
      View Details
    • $975,000
      2,847 SF

      Gunnison Triplex with Income Potential

      Downtown Gunnison triplex featuring historic charm and modern construction.
      709 W New York Avenue, Gunnison, CO 81230
      View Details
    • $425,000

      Colorado Mountain Land with Views

      Five-acre homesite with panoramic views near Gunnison and Crested Butte.
      1100 Castle Drive, Gunnison, CO 81230
      View Details
    • $485,000

      Gunnison Industrial Land Opportunity

      Prime industrial-zoned lots near airport and downtown Gunnison.
      TBD 12th Street, Gunnison, CO 81230
      View Details
    • $1,295,000
      3,757 SF

      Desirable Fourplex Near Downtown, University

      Well-maintained fourplex near downtown and university in Gunnison, Colorado.
      216 N Taylor Street, Gunnison, CO 81230
      View Details
    • $580,197

      Gunnison Industrial Development Opportunity

      Prime industrial lots available near Highway 50 in Gunnison.
      200 Griffing Road, Gunnison, CO 81230
      View Details
    • $532,804

      Gunnison Industrial Development Opportunity

      Industrial and Light Industrial development opportunities with Highway 50 frontage.
      230 Griffing Road, Gunnison, CO 81230
      View Details
    • $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
    • $366,000

      Gunnison Land with Mountain Vistas

      35.33-acre lot perfect for a dream home or equestrian retreat.
      623 Meadow View Trail, Gunnison, CO 81230
      View Details

    FAQs

    What type of property is this?
    Recreation land - 39.1 acres near Blue Mesa Reservoir and Curecanti National Recreation Area.
    Where is this recreation land located?
    The property is located at Highway 50 Gunnison, CO.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Bordering Curecanti National Recreation Area and near Blue Mesa Reservoir offering unparalleled recreational opportunities.; Year‑round accessibility via US‑HWY 50.; Proximity to Blue Mesa Reservoir, known for trophy‑sized Lake Trout and other high‑quality fish.
    (970) 208-9440
    We can help!
    Listing Contact
    Joseph Burns
    Joseph Burns
    Real Estate License ID: ER40000060
    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!