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    5801 Hwy Leadville, CO 80461

    For Sale
    $999,900

    Historic Ranch, Huge Potential, 35 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 35.38-acre commercial property located at 5801 Hwy 24, Leadville, CO, presents a unique investment opportunity. Boasting a rich history dating back to 1860, the property, originally known as Elkhorn Ranch, played a vital role in supporting the Leadville Mining District's boom. The ranch's structures, built by the Hayden family and later used for US Army Cavalry horse breeding, offer significant historical character. While currently in disrepair, the buildings represent substantial potential for adaptive reuse. The property's expansive acreage provides ample room for various commercial ventures, capitalizing on its strategic location near popular ski resorts like Aspen and Vail. The property's history reflects the economic shifts of the region, from the silver mining boom to the subsequent agricultural and later tourism-driven economies. Consider the possibilities for redevelopment, leveraging the property's historical significance and prime location in the vibrant Leadville area. The adjacent lot's previous condominium development plans highlight the area's potential for residential or mixed-use projects. This is a rare chance to acquire a substantial piece of Colorado history with significant upside potential. The asking price is $999,900.

    Property Features for 5801 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,541,153 SF

    Building Details

    Year Built
    1880
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Leadville
    County
    Lake
    State
    Colorado
    Longitude
    -106.3058
    Latitude
    39.2462

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Ranch, Huge Potential, 35 Acres
    Where is this commercial real estate located?
    The property is located at 5801 Hwy Leadville, CO.
    What is the asking price?
    The asking price for this property is $999,900.
    (719) 742-3626
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    5801 Hwy Leadville, CO 80461
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    Leadville, CO 80461
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    Realmo Value Estimation

    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.

    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.

    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
    5801 Hwy Leadville, CO 80461
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