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    Mountain River Getaway Opportunity Title is generated by Realmo AI

    10795 County Road 197a Lot 176, Nathrop, CO 81236

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    Claim this Listing
    For Sale
    $85,000

    Land with river access, utilities, and camper near recreation.

    Type:Land or Vacant Lot
    Lot size:
    0.04 Acres
    Added:
    Dec 29, 2025
    Days on Market:
    158
    Last Refresh:
    Apr 5 at 11:05 pm

    Property Features for 10795 County Road 197a Lot 176

    General Information

    Standard status
    Active
    Lot size
    0.04 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    ASHLEY WERNER-JATZKE

    Listing agent ASHLEY WERNER-JATZKE License #100097095

    Listing office Full Circle Real Estate Group

    Listing date Dec 29, 2025

    Source Corcoran

    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 Full Circle Real Estate Group

    HighLights

    • Private Arkansas River access and river beach areas for Chateau owners.
    • Located in the heart of outdoor recreation activities: rafting, fishing, biking, hiking, rock climbing, and hot springs.
    • Gated suspension bridge leads to Brown's Canyon National Monument trails.
    • Chalet‑style clubhouse with workout area, game area, laundry, commercial kitchen, gathering hall, and BBQ picnic area with Ruby Mountain views.
    • Includes a 1956 Magnolia camper ready for renovation.
    • Electric and sewer hookups in place; seasonal water available (winter water can be added for year‑round use).

    Overview

    Located halfway between Salida and Buena Vista, the Chateau Chaparral offers a mountain river getaway spot in the heart of outdoor recreation activities such as rafting, fishing, biking, hiking, and rock climbing. Nearby hot springs provide opportunities for relaxation. The property includes private Arkansas River access and river beach areas for owners. A gated suspension bridge leads to Brown's Canyon National Monument trails. The 70's chalet-style clubhouse features a workout and game area, coin laundry, commercial kitchen, community gathering hall, and outdoor BBQ picnic gathering space with Ruby Mountain views. This .048-acre lot has a row of trees bordering the south side and back corner, providing local birds, privacy, and shade. Electric and sewer hook-ups are already in place, with seasonal water use. Winter water can be added for year-round living. A classic 1956 Magnolia camper is on the property, awaiting care and updating. An outdoor BBQ pit is also present for summertime grilling. The adjoining lot 177, with a 2003 Montana 5th wheel, is also for sale, offering the potential for more living and gathering space. Long-term rental potential exists, making this an affordable mountain and river home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Auto Repair Shop Hotel & Motel Storage Facility Bed & Breakfast Tattoo & Piercing Shop Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Nathrop
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.07
    Latitude
    38.7413

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    FAQs

    What type of property is this?
    Recreation land - Land with river access, utilities, and camper near recreation.
    Where is this recreation land located?
    The property is located at 10795 County Road 197a Lot 176 Nathrop, CO.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Private Arkansas River access and river beach areas for Chateau owners.; Located in the heart of outdoor recreation activities: rafting, fishing, biking, hiking, rock climbing, and hot springs.; Gated suspension bridge leads to Brown's Canyon National Monument trails.
    (719) 395-0101
    We can help!
    Listing Contact
    ASHLEY WERNER-JATZKE
    Real Estate License ID: 100097095
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    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.

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