Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16764 Farmer Mine Rd Paonia, CO 81428

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,250,000

    21-Acre Winery, Tuscan Style, Mountain Views

    Property size:
    4,084 SF

    Property Features for 16764 Farmer Mine Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,084 SF
    Lot Size
    914,760 SF

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Yvon Gros

    Listing Agency: Shaffer Real Estate Company Listing Agent: Yvon Gros

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

    Learn more

    Overview

    Nestled on 21 acres overlooking the North Fork Valley, this unique Paonia, CO property offers a remarkable opportunity. The estate boasts a stunning Tuscan-style winery building encompassing 2,556 square feet, complete with state-of-the-art winemaking equipment. A beautiful, custom-designed home provides luxurious living, complemented by a separate guest cottage for added convenience. The property also features a charming tasting room and inviting lounging areas, creating an unforgettable experience for visitors. Currently, an artist shop and gallery occupy a portion of the space, offering flexibility for expansion of the winery operations. The entire property showcases high-quality artisan features throughout. With paved access and a prime location, this established business enjoys increasing annual sales and significant growth potential. This is more than just a commercial venture
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Paonia
    County
    Delta
    State
    Colorado
    Longitude
    -107.5869
    Latitude
    38.89614

    Nearby Similar for Sale

    • $600,000
      10.90 Acres

      10.9-Acre Riverfront Agricultural Land

      10.9 acres with water rights near Paonia, Colorado.
      Tbd Grange Rd, Paonia, CO 81428
      View Details
    • $1,025,000
      6,000 SF

      Versatile 18-Acre Orchard and Warehouse

      Former organic farm with warehouse, greenhouses, and water rights.
      16619 Grange Rd, Paonia, CO 81428
      View Details
    • $125,000
      540 SF

      Paonia Brewery & Tasting Room

      Established Business, High Growth Potential
      325 Grand Ave, Paonia, CO 81428
      View Details
    • $450,000
      2,719 SF

      Historic Paonia Mixed-Use Building

      Downtown Paonia Commercial Gem
      229 Grand Ave, Paonia, CO 81428
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 21-Acre Winery, Tuscan Style, Mountain Views
    Where is this mixed-use property located?
    The property is located at 16764 Farmer Mine Rd Paonia, CO.
    What is the asking price?
    The asking price for this property is $2,250,000.
    Request Owner's contact information
    16764 Farmer Mine Rd Paonia, CO 81428
    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.
    16764 Farmer Mine Rd
    Paonia, CO 81428
    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
    16764 Farmer Mine Rd Paonia, CO 81428
    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

    We can help!
    Listing Contact
    Yvon Gros
    Learn more
    Google sign-in failed. Please try again or use another login method.