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    1025 Frenchman Hts, Unit Holyoke Holyoke, CO 80734

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    For Sale
    $430,000

    Mid-century modern home on over an acre in Frenchman Heights.

    Property size:
    1 SF

    Property Features for 1025 Frenchman Hts

    General Information

    Size
    1 SF

    We can help!

    Listing Contact
    Shannon Schlachter
    Source: Nationalland

    Listing Agent: Shannon Schlachter

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

    Learn more

    Property Insight Report

    Overview

    Frenchman Heights Custom Home

    Located in Frenchman Heights, this mid-century modern home features 3 bedrooms and 2.5 bathrooms. The property, situated on over an acre, includes landscaping, mature trees, a fenced backyard, and a sprinkler system. The house spans 3,242 sq. ft. and is designed for entertaining, featuring a large living room, a wood-paneled den with a gas fireplace, a large dining room, and an eat-in kitchen. The main floor houses two large bedrooms, with the master suite including an en-suite bathroom with a walk-in shower and a cedar-lined walk-in closet. The second story contains an additional bedroom or craft room with a south-facing patio overlooking Frenchman Creek. The home benefits from abundant natural light through numerous windows, which are equipped with solid wood hurricane shutters. A breezeway connects to an oversized two-car garage. A private patio area is set up for a hot tub. The property has been maintained with a new Class 4 shingled roof and new gutters. The boiler was updated in 2023, and the home has central air conditioning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Holyoke
    County
    Phillips
    State
    Colorado
    Longitude
    -102.288047
    Latitude
    40.585717

    Nearby Similar for Sale

    • $392,000

      Charming Brick Home on Corner Lot

      Four-bedroom, three-bath home with mature landscaping and outdoor living spaces.
      610 S Coleman Ave, Holyoke, CO 80734
      View Details
    • $310,000

      Charming Two-Bedroom Home with Garden

      Well-maintained two-bedroom home with renovated kitchen and private garden.
      305 S Interocean Ave, Holyoke, CO 80734
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    • $125,000

      Two-Bedroom Home with Detached Garage

      2-bed, 1-bath home with detached garage, ideal for investors.
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    FAQs

    What type of property is this?
    Single family property - Mid-century modern home on over an acre in Frenchman Heights.
    Where is this single family property located?
    The property is located at 1025 Frenchman Hts, Unit Holyoke Holyoke, CO.
    What is the asking price?
    The asking price for this property is $430,000.
    What are key features of this property?
    This property features: - Priced below appraised value.; - Situated on over an acre with mature trees and landscaping in Frenchman Heights.; - Large 3,242 sq. ft. mid-century modern home built for entertaining.
    (970) 580-8111
    Request Owner's contact information
    1025 Frenchman Hts, Unit Holyoke Holyoke, CO 80734
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    Holyoke, CO 80734
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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.

    More about this property
    1025 Frenchman Hts, Unit Holyoke Holyoke, CO 80734
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    We can help!
    Listing Contact
    Shannon Schlachter
    (970) 580-8111
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