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    Monument St Calhan, CO 80808

    For Sale
    $1,800,000

    High-Yield Mobile Home Park in Calhan, CO

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a thriving 20-lot mobile home park nestled in the desirable Colorado Springs bedroom community of Calhan, Colorado. The park sits on a spacious 4.06-acre lot and boasts a remarkable current capitalization rate of 6.90%, with a projected upside pro forma capitalization rate of 11.51%, indicating significant growth potential. The property includes 20 developed, generously sized lots, each equipped with city utilities. Currently, the park features three mobile homes owned by the park itself, five homes under rent-to-own agreements, and six vacant but developed lots ready for immediate occupancy or future development. Two additional undeveloped lots offer further expansion possibilities. This turnkey operation presents a rare chance to acquire a well-established, high-performing asset with substantial upside potential. The property is being sold in accordance with Colorado Revised Statute 38-12-217. Detailed financial information is available upon request. This is a truly exceptional opportunity for a savvy investor seeking strong returns and long-term growth in a thriving Colorado market.

    Property Features for Monument St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    176,854 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Calhan
    County
    El Paso
    State
    Colorado
    Longitude
    -104.3068
    Latitude
    39.0343

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Mobile Home Park in Calhan, CO
    Where is this commercial real estate located?
    The property is located at Monument St Calhan, CO.
    What is the asking price?
    The asking price for this property is $1,800,000.
    (719) 238-2044
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    Monument St Calhan, CO 80808
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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
    Monument St Calhan, CO 80808
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