Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    East Parker Development Opportunity Title is generated by Realmo AI

    12 County Road 166, Parker, CO

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Development opportunity on the eastern edge of Parker, Colorado.

    Type:LAND
    Lot size:
    149.00 Acres
    Added:
    Aug 1, 2024
    Days on Market:
    674
    Last Refresh:
    May 20 at 8:03 pm

    Property Features for 12 County Road 166

    General Information

    Standard status
    Active
    Lot size
    149.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Mitch Trevey
    Mitch Trevey

    Listing agent Mitch Trevey License #ER.040016933

    Listing office Trevey Commercial Real Estate

    Listing date Aug 1, 2024

    Source Moodyscre

    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 Trevey Commercial Real Estate

    HighLights

    • Large Acreage: 110‑149 acre development opportunity.
    • Master Planned Community Potential: Ideal for a new master‑planned community.
    • Includes full water rights.
    • Strategic Location: Located on the eastern edge of Parker, Colorado.
    • Excellent location for a community with a commercial component.
    • Seller will allow for re‑zoning/entitlement process prior to closing.

    Overview

    This property presents a development opportunity on the eastern edge of Parker, Colorado. Situated just over the Elbert County line with a Parker address, the site spans 110 to 149 acres. It is an excellent location for a new community with a commercial component. Full water rights are included with the sale. Currently zoned agricultural, the property offers an EDZ zoning overlay opportunity. The seller will allow for re-zoning and entitlement process for final development prior to closing.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    Douglas
    State
    Colorado
    Longitude
    -104.656
    Latitude
    39.4634

    Nearby Similar for Sale

    • $670,000
      2,054 SF

      Turnkey Flex Unit in Parker

      High-end flex space in a distinctive commercial community.
      18233 Lincoln Meadows Pkwy 101, Parker, CO 80134
      View Details
    • $670,000
      2,054 SF

      Parker Flex Unit with Mezzanine

      Turnkey flex unit with mezzanine in Vehicle Vault Village.
      18233 Lincoln Meadows Parkway #101, Parker, CO 80134
      View Details
    • $1,600,000
      2,592 SF

      Income-Generating Acreage with Storage Business

      35-acre property with home and 15,000 sq ft building.
      2151 Elizabeth, Parker, CO 80138
      View Details
    • $599,000
      3,358 SF

      Parker Flex Space For Sale

      Remodeled flex space with oversized drive-in door and easy access.
      107-18133 Lincoln Meadows Pkwy, Parker, CO 80134
      View Details
    • $702,100
      2,006 SF

      Car Storage Condo Unit

      Secure, condo-style vehicle storage with dedicated main floor space and added mezzanine area.
      18233 Lincoln Meadows Pkwy Unit 103, Parker, CO 80134
      View Details
    • $485,000

      Grandview Estates Horse Property Opportunity

      Acreage property approved for horses with mountain views.
      12626 2nd St, Parker, CO 80134
      View Details
    • $3,000,000
      2,700 SF

      Profitable Equestrian Boarding Facility

      40+ acre Parker, Colorado boarding facility with water rights.
      6484 Stroh, Parker, CO 80134
      View Details
    • $599,000
      1,679 SF

      Parker Commercial Space For Sale

      Commercial space in Parker, Colorado, featuring high ceilings and oversized door.
      18133 Lincoln Meadows Pkwy, Unit 107, Parker, CO 80134
      View Details
    • $860,400
      2,899 SF

      Medical Condo For Sale

      Medical condo available as a single tenant net lease investment.
      18801 E Mainstreet, Parker, CO 80134
      View Details
    • $302,000
      1,055 SF

      Parker Office Investment Opportunity

      Single tenant office unit for sale in Parker, Colorado.
      18801 E Mainstreet Unit 240, Parker, CO 80134
      View Details
    • $1,199,450
      4,495 SF

      Spacious Estate with Mountain Views

      Five-bedroom estate on nearly 10 acres with barn.
      10719 Arrowhead, Parker, CO 80138
      View Details
    • $1,000,000

      Parker, CO - Equestrian Lifestyle

      Nearly 10-acre lot for equestrian lifestyle with mountain views.
      10290 Democrat Road, Parker, CO 80134
      View Details

    FAQs

    What type of property is this?
    Land - Development opportunity on the eastern edge of Parker, Colorado.
    Where is this land located?
    The property is located at 12 County Road 166 Parker, CO.
    What are key features of this property?
    This property features: Large Acreage: 110‑149 acre development opportunity.; Master Planned Community Potential: Ideal for a new master‑planned community.; Includes full water rights.
    (303) 841-1400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mitch Trevey
    Mitch Trevey
    Real Estate License ID: ER.040016933
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    12 County Road 166, Parker, CO
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!