2831 59Th Ln, Boone, CO 81025
For Lease
This expansive 35.55-acre property in Boone, CO, presents a unique investment opportunity. Currently zoned for agriculture, 1.5 acres were previously used for a grow operation and could easily be reactivated. The property includes a substantial 3,200 square foot warehouse (96' x 30') equipped for immediate operation. This warehouse features a connected enclosed area housing three 5,000-gallon cisterns. A 96' x 30' hoop house is also on the site. The property is fully secured with perimeter fencing. A significant advantage is the inclusion of a 2018 manufactured home boasting three bedrooms and two bathrooms. This home offers unobstructed mountain views and comes complete with all appliances, including a washer, dryer, and large chest freezer. The home has its own separate septic system. This property offers a blend of industrial space, agricultural potential, and comfortable living quarters, making it ideal for a variety of uses. The location in Boone, CO provides access to the area's natural beauty and resources. The asking price is $700,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.