Add Listing
    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

    30224 Us Highway 24 Buena Vista, CO 81211

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    2.38-acre mixed-use lot with highway frontage in Buena Vista, CO.

    Lot size:
    2.38 Acres

    Property Features for 30224 Us Highway 24

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    2.38 Acres

    We can help!

    Listing Contact
    Darcy Shaffer
    Darcy Shaffer
    Source: Elliman

    Listing Agency: FIRST COLORADO LAND OFFICE, INC. Listing Agent: Darcy Shaffer

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

    Learn more

    Overview

    Buena Vista Mixed-Use Land

    This 2.38-acre mixed-use rural lot is located in Buena Vista, Colorado. The property features approximately 279 feet of frontage on Highway 24, offering high visibility and convenient access. It is situated a quarter-mile north of True Value, Tractor Supply, and Love’s, in Chaffee County. Utilities including phone, natural gas, and power are available at the lot line, and 3-phase electric is also available. A well and septic system will be required. The property is located in unincorporated Chaffee County. Under the new Chaffee County Land Use Code, effective January 1, 2025, the MUR zoning district supports economic development aligning with the area’s recreational, agricultural, and tourism-driven character. Potential uses may include recreation companies, campgrounds, and hospitality businesses. Buyers should verify approved uses with the county. This property is suited for commercial or recreational development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Storage Facility Grocery & Convenience Store Electrical Service Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Buena Vista
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.147661
    Latitude
    38.861762

    Nearby Similar for Sale

    • New
      $945,000
      2,992 SF

      Established Auto Mechanic Business Opportunity

      Well-equipped auto mechanic business and property for sale in Buena Vista.
      101 Isabel Ct, Buena Vista, CO 81211
      View Details
    • $575,000
      0.06 Acres

      Mixed-Use Property in Buena Vista

      Flexible commercial/residential property in active Buena Vista corridor.
      111 Mill Ave, Buena Vista, CO 81211
      View Details
    • $2,350,000
      0.07 Acres

      Versatile Mixed-Use Property in Buena Vista

      New mixed-use property with residential units and flex spaces.
      421 Chestnut St, Buena Vista, CO 81211
      View Details
    • $945,000

      Established Auto Mechanic Business Opportunity

      Well-equipped auto mechanic business and building for sale in Buena Vista.
      101 Isabel Ct, Buena Vista, CO 81211
      View Details
    • $990,000

      Storage Hangar in Buena Vista

      9980 SF storage hangar with office space and mountain views.
      28113 County Road 320, Buena Vista, CO 81211
      View Details
    • $495,000
      2,146 SF

      Turnkey Event Center Opportunity

      Event center with theater, parking, and potential residential conversion.
      16450 County Road 306, Buena Vista, CO 81211
      View Details
    • $1,850,000

      Historic Building with Thriving Business

      Landmark building with a successful, turnkey sports bar business.
      308 E Main St, Buena Vista, CO 81211
      View Details
    • $990,000
      9,980 SF

      9980 SF Storage Hangar

      Storage hangar with office space in Buena Vista, Colorado.
      28113 County Road 320, Buena Vista, CO 81211
      View Details
    • $1,600,000
      1,660 SF

      Historic Mixed-Use Property Near Main

      Renovated historic home with mixed-use zoning near Main Street.
      201 S Colorado Ave, Buena Vista, CO 81211
      View Details
    • $1,850,000
      3,679 SF

      Historic Building with Thriving Business

      Turnkey sports bar and landmark building on Main Street.
      308 E Main St, Buena Vista, CO 81211
      View Details
    • $949,000
      3,400 SF

      Income-Producing Commercial Property For Sale

      Commercial property with established laundromat and retail units in Buena Vista.
      522 Antero Cir, Buena Vista, CO 81211
      View Details
    • $310,000

      Mixed-Use Property on Main Street

      Commercial property in growing downtown area with mixed-use zoning.
      517 E Main St, Buena Vista, CO 81211
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.38-acre mixed-use lot with highway frontage in Buena Vista, CO.
    Where is this commercial land located?
    The property is located at 30224 Us Highway 24 Buena Vista, CO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - 2.38 acres of Mixed-Use Rural (MUR) land, ideal for commercial or recreational development.; - **Approximately 279 feet of Highway 24 frontage offering high visibility.**; - Located a quarter-mile north of True Value, Tractor Supply, and Love’s, providing convenient access.
    (719) 251-7299
    Request Owner's contact information
    30224 Us Highway 24 Buena Vista, CO 81211
    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.
    30224 Us Highway 24
    Buena Vista, CO 81211
    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
    30224 Us Highway 24 Buena Vista, CO 81211
    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
    Darcy Shaffer
    Darcy Shaffer
    (719) 251-7299 (719) 539-6682
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!