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    Established Farm with Hay Barn Title is generated by Realmo AI

    32207 County Road 75, Crook, CO 80726

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    For Sale
    $299,000

    35-acre farm with hay barn, fenced pastures, and farmhouse.

    Type:Farm / Mixed Use
    Property size:
    2,675 SF
    Lot size:
    35.00 Acres
    Price / SF:
    $111/SF
    Added:
    May 12, 2025
    Days on Market:
    381
    Last Refresh:
    May 13 at 9:02 pm

    Property Features for 32207 County Road 75

    General Information

    Standard status
    Active
    Size
    2,675 SF
    Lot size
    35.00 Acres
    Property subtype
    Farm / Mixed Use

    Building Details

    Year Built
    1924

    We can help!

    Listing Contact
    Teeca Rivera

    Listing agent Teeca Rivera License #100088715

    Listing office LPT Realty

    Listing date May 12, 2025

    Source Compass

    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 LPT Realty

    HighLights

    • 35‑acre, fully fenced farm with established infrastructure, including a hay barn, barn house, lean‑to, and outbuildings suitable for various animals.
    • Established 1‑acre garden with driplines producing hundreds of pounds of produce each summer.
    • Recent appraisal higher than the asking price, new roof and exterior paint completed in September 2025, and serviced well pump and septic.
    • Zoning allows for an additional residential house to be built.
    • Includes a pond and is situated in a valley with abundant knee‑high grass suitable for grazing.
    • Two‑bedroom farmhouse with partial, unfinished basement, and master on main.

    Overview

    This 35-acre farm, fully fenced, features a 2-bedroom, 1-bath farmhouse. Located in Crook, Colorado, it is situated minutes from Sterling, Colorado. The property includes a hay barn and a two-story finished barn house. A 40x30 lean-to is suited for horses and cows, accompanied by smaller outbuildings for chickens, goats, and pigs. An established 1-acre garden with driplines produces hundreds of pounds of produce each summer. The property is completely fenced with knee-high grass. A new roof and exterior paint were completed in September 2025, along with servicing of the well pump and septic system. The county code allows for an additional residential house to be built. The property was once a 70-acre parcel with two houses but has since been separated into two 35-acre parcels. The lot features include irrigation, a meadow, and suitability for grazing. Waterfront features include a pond. The lot size is 35 acres, equivalent to 1,524,600 square feet. Zoning is Ag. Fencing includes fenced pasture and full fencing.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Crook
    County
    Logan
    State
    Colorado
    Longitude
    -102.870118
    Latitude
    40.918873

    FAQs

    What type of property is this?
    Farm - 35-acre farm with hay barn, fenced pastures, and farmhouse.
    Where is this farm located?
    The property is located at 32207 County Road 75 Crook, CO.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 35‑acre, fully fenced farm with established infrastructure, including a hay barn, barn house, lean‑to, and outbuildings suitable for various animals.; Established 1‑acre garden with driplines producing hundreds of pounds of produce each summer.; Recent appraisal higher than the asking price, new roof and exterior paint completed in September 2025, and serviced well pump and septic.
    (970) 451-6500
    We can help!
    Listing Contact
    Teeca Rivera
    Real Estate License ID: 100088715
    Learn More
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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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