Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Van Dorn Drive Glenwood Springs, CO 81601

    View on Map
    Claim this Listing
    For Sale
    $450,000

    LAND - Glenwood Springs, CO

    Lot size:
    2.34 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 29 at 10:06 pm

    Property Features for Van Dorn Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residentail
    Standard status
    Active
    APN
    239503311002
    Lot size
    2.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Quarter: SW Section: 3 Township: 7 Range: 89 Subdivision: QUEEN SUBDIVISION Lot: 2
    Tax Annual Amount
    1619

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Janelle Rhoton Lundin

    Listing agent Janelle Rhoton Lundin License #FA100019976

    Listing office The Property Shop 1117 Grand Ave, Glenwood Springs, CO

    Listing date Mar 13, 2026

    MLS# 192008 Listing URL

    Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    2.34-Acre Homesite in Glenwood Springs

    This 2.34-acre homesite is located in Chelyn Acres, offering views of the Roaring Fork Valley and Mount Sopris. Situated minutes from downtown Glenwood Springs and Sunlight Mountain Resort, the property provides access to skiing, hiking, and biking. The property includes a well, completed survey, and schematic home plans. The location is suited for residential use. Chelyn Acres is known for its spacious lots and peaceful setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Glenwood Springs
    County
    Garfield
    State
    Colorado
    Longitude
    -107.31901
    Latitude
    39.47746

    Nearby Similar for Sale

    • $3,300,000
      5,600 SF

      Versatile Commercial Building with Expansion Potential

      Mixed-use building with warehouse, office, and event center approvals.
      625 Airport Road, Glenwood Springs, CO 81601
      View Details
    • $1,350,000
      3,405 SF

      Downtown Glenwood Springs Commercial Building

      3405 SF building in Glenwood Springs Opportunity Zone.
      818 Grand Avenue, Glenwood Springs, CO 81601
      View Details
    • $815,000
      2,136 SF

      Move-in Ready Office with Mountain Views

      Bright office space in Penrose Plaza, Glenwood Springs.
      2520 S Grand Avenue unit: 209, Glenwood Springs, CO 81601
      View Details
    • $675,000
      1,675 SF

      Glenwood Springs Office Condo

      Ground-level office condo with private entrance and parking.
      2520 S Grand Avenue unit: 104, Glenwood Springs, CO 81601
      View Details
    • $525,000
      1,129 SF

      Glenwood Springs Office Condominium

      Light-filled office space with mountain views and storage unit.
      2520 S Grand Avenue, Glenwood Springs, CO 81601
      View Details
    • $300,000

      Rare Glenwood Springs Land Parcel

      4-acre double lot near downtown Glenwood Springs with utilities.
      Traver Trail, Glenwood Springs, CO 81601
      View Details
    • $425,000

      Land with Mountain Views

      Large lot with views in Elk Springs subdivision.
      3504 Elk Springs Drive, Glenwood Springs, CO 81601
      View Details
    • $4,599,000
      13,850 SF

      Glenwood Springs Mixed-Use Investment Property

      16-unit mixed-use property in downtown Glenwood Springs, Colorado.
      725 Grand Avenue, Glenwood Springs, CO 81601
      View Details
    • $760,000

      Glenwood Springs Land with Water

      15.1-acre property with water rights near Glenwood Springs, Colorado.
      Co Rd 126, Glenwood Springs, CO 81601
      View Details
    • $365,000

      Glenwood Springs Land with Views

      3.37 acres with mountain views, close to Glenwood Springs.
      3376 Elk Springs Drive, Glenwood Springs, CO 81601
      View Details
    • $379,000

      Premier View Lot in Glenwood

      2.89-acre residential lot with panoramic mountain views.
      3408 Elk Springs Drive, Glenwood Springs, CO 81601
      View Details
    • $879,000
      2,214 SF

      Updated Duplex in Glenwood Springs

      Mid-Century Modern duplex with flexible living options and desirable location.
      1809 Grand Avenue, Glenwood Springs, CO 81601
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Premier building site with mountain views and convenient location.
    Where is this residential land & home lot located?
    The property is located at Van Dorn Drive Glenwood Springs, 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: Stunning, direct views of Mount Sopris and expansive Roaring Fork Valley views.; 2.34‑acre homesite in the desirable Chelyn Acres community.; Minutes from downtown Glenwood Springs and Sunlight Mountain Resort.
    (970) 379-1429
    We can help!
    Listing Contact
    Janelle Rhoton Lundin
    Real Estate License ID: FA100019976
    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!