Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Salida Mixed-Use Development Opportunity Title is generated by Realmo AI

    000 Cleora Rd, Salida, CO 81201

    View on Map
    Claim this Listing
    For Sale
    $3,300,000

    Prime Salida location for mixed-use development with existing entitlements.

    Type:Land
    Added:
    Apr 15, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 9 at 7:19 am

    Property Features for 000 Cleora Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    K. Hale Camp

    Listing agent K. Hale Camp License #100025035

    Listing office Pinon Real Estate Group

    Listing date Apr 15, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Pinon Real Estate Group

    HighLights

    • Substantial development opportunity within Salida city limits.
    • Zoning designation of Mixed Use Village (MUV) allows for diverse development.
    • Entitlements include 60 dwelling units and 60,000 sf of non‑residential development.
    • Well‑positioned between Hwy 50 and County Road 105, bordered by the Arkansas River.
    • Stunning mountain views to the south and west.
    • Very Bikeable (84) and Very Walkable (75).

    Overview

    This property presents a substantial development opportunity within Salida city limits, ideally situated between Highway 50 and County Road 105, with the Arkansas River bordering to the east. The location offers high visibility and accessibility for commercial ventures, transitioning to more secluded residential development closer to the river. As part of the Vandaveer Ranch Planned Development District Overall Plan, the zoning designation is Mixed Use Village (MUV). Current entitlements permit 60 dwelling units, encompassing commercial lodging without specifying single-family, attached, or stacked units. Additionally, the entitlements allow for 60,000 square feet of non-residential development, including employment centers, retail spaces, commercial establishments, educational centers, active and passive recreational facilities, commercial lodging, services, arts and cultural facilities, and research and development. The area provides mountain views to the south and west, with proximity to the Arkansas River, Historic Downtown, Monarch Ski Area, and year-round recreational activities. The property has a bike score of 84, indicating it is very bikeable, and a walk score of 75, indicating it is very walkable. This location is suited to bring your vision to the burgeoning mountain town of Salida.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Salida
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.066
    Latitude
    38.5561

    Nearby Similar for Sale

    • $599,000
      4,500 SF

      Highway 285 Commercial Building

      Versatile commercial building near Salida and Buena Vista.
      14770 US Highway 285, Salida, CO 81201
      View Details
    • $790,000

      Downtown Salida Multi-Use Commercial Building

      Flexible workspaces with expansion potential in downtown Salida.
      331 H Street, Salida, CO 81201
      View Details
    • $1,399,000

      Downtown Salida Commercial Land Opportunity

      Four contiguous commercial lots in downtown Salida with development potential.
      332 F Street, Salida, CO 81201
      View Details
    • $4,199,000
      2,103 SF

      Salida Ranch with Water Rights

      192-acre ranch with senior water rights near downtown Salida.
      14100 County Road 140, Salida, CO 81201
      View Details
    • $1,100,000

      Versatile Commercial Space in Salida

      3,031 sq ft commercial space in mixed-use development, Fall 2026.
      136 Old Stage Road, Salida, CO 81201
      View Details
    • $700,000

      New Retail/Office Space in Salida

      Under construction retail or office space in desirable Salida location.
      136 Old Stage Road, Salida, CO 81201
      View Details
    • $3,300,000

      Salida Development Opportunity

      Subdividable land parcel in Salida, Colorado.
      000 Cleora Road, Salida, CO 81201
      View Details
    • $895,000
      3,298 SF

      Versatile Multi-Use Building For Sale

      3,298 sq. ft. building suitable for various purposes.
      1040 I St, Salida, CO 81201
      View Details
    • $995,000

      Riverfront Land Ready to Build

      Shovel-ready riverfront land near Salida with utilities in place.
      11033 Rivers Edge Lane, Salida, CO 81201
      View Details
    • $375,000

      Retail Space in Mixed-Use Development

      812 sq ft commercial space in Salida, CO. For sale.
      136 Old Stage Road, Salida, CO 81201
      View Details
    • $545,000

      Historic Landmark Retail Building

      Iconic property in downtown Salida with steady rental income.
      105 F St A, Salida, CO 81201
      View Details
    • $475,000

      Riverfront Land Near National Forest

      5.2 acres with river frontage, bordering National Forest near Salida.
      19039 Monarch River Drive, Salida, CO 81201
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime Salida location for mixed-use development with existing entitlements.
    Where is this commercial land located?
    The property is located at 000 Cleora Rd Salida, CO.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Substantial development opportunity within Salida city limits.; Zoning designation of Mixed Use Village (MUV) allows for diverse development.; Entitlements include **60 dwelling units and 60,000 sf of non‑residential development.**
    (719) 221-4637
    We can help!
    Listing Contact
    K. Hale Camp
    Real Estate License ID: 100025035
    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

    Thank You for Inquiry
    000 Cleora Rd, Salida, CO 81201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!