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    39833 Transition Ter Elizabeth, CO 80107

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    For Sale
    $2,200,000

    40.57-acre parcel with development potential in scenic Elizabeth, Colorado.

    Lot size:
    40.57 Acres

    Property Features for 39833 Transition Ter

    General Information

    Standard status
    Active
    Lot size
    40.57 Acres

    Source: PRICE & CO. REAL ESTATE Agent ANDREA PRICE

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

    Overview

    Sprawling Land Parcel in Elizabeth

    This 40.57-acre parcel of unimproved land is located in Elizabeth, offering potential for development, investment, or the creation of a private estate. The gently sloped terrain allows for multiple building envelopes and countryside views. The property is located within Elbert County's Economic Development Zone (EDZ) Overlay, offering a streamlined path from agricultural to commercial use. It is located along a major transportation corridor, providing visibility and access, making it suitable for commercial, potential light industrial, or agricultural ventures. The development process is simplified with administrative review and Board approval, adhering to county standards for infrastructure and community compatibility. This land is suitable for equestrian use, agricultural ventures, or the development of multiple custom home sites. The lot is accessible via well-maintained roads, and utilities are nearby. The property offers a balance of seclusion and accessibility, with proximity to nearby towns and amenities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Kitchen & Bath Hotel & Motel Electrical Service Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Elbert
    State
    Colorado
    Longitude
    -104.559
    Latitude
    39.4063

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    FAQs

    What type of property is this?
    Land - 40.57-acre parcel with development potential in scenic Elizabeth, Colorado.
    Where is this land located?
    The property is located at 39833 Transition Ter Elizabeth, CO.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Large 40.57-acre parcel offering development, investment, or estate creation potential.; - Located within Elbert County's Economic Development Zone (EDZ) Overlay, streamlining the rezoning process for commercial use.; - Gently sloped terrain allows for multiple building envelopes with countryside views.
    (303) 955-5571
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    39833 Transition Ter Elizabeth, CO 80107
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    Elizabeth, CO 80107
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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
    39833 Transition Ter Elizabeth, CO 80107
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