Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6.38 Acre Vacant Land Tract Title is generated by Realmo AI

    Tbd001 Fay Street, Burlington, CO 80807

    View on Map
    Claim this Listing
    For Sale
    $541,930

    6.38 acre surveyed land tract with utilities available.

    Type:Land / Unimproved Land
    Property size:
    277,913 SF
    Lot size:
    6.38 Acres
    Price / SF:
    $1.95/SF
    Added:
    May 15, 2024
    Days on Market:
    748
    Last Refresh:
    Mar 13 at 1:28 pm

    Property Features for Tbd001 Fay Street

    General Information

    Standard status
    Active
    Size
    277,913 SF
    Lot size
    6.38 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Dale K. Stull

    Listing agent Dale K. Stull License #40009562

    Listing office The Land Office LLC

    Listing date May 15, 2024

    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 The Land Office LLC

    HighLights

    • 6.38± acre tract of land available.
    • Utilities (water, electricity, and sewer) available from the city.
    • Immediate possession upon closing and delivery of deed.
    • Seller’s mineral interest, if any, transfers to Buyer.
    • Recently surveyed.
    • Located in Burlington RE‑6J School District.

    Overview

    This 6.38± acre tract of land is located in the Northeast Quarter Section 1, Township 9 South, Range 44 West of the 6th P. M., Kit Carson County, Colorado. The property has been recently surveyed. Water, electricity, and sewer are available from the city. Possession is immediate upon closing and delivery of deed. There are no improvements on the land. The 2023 property tax was $4,463.25. The seller's mineral interest, if any, shall transfer to the buyer. The property is zoned as vacant land.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Kit Carson
    State
    Colorado
    Longitude
    -102.266639
    Latitude
    39.298699

    Nearby Similar for Sale

    • $53,000,000

      Turnkey Hog Farm Operation

      23,000-head hog farm with 10-year triple-net lease.
      000 COUNTY RD 44, Burlington, CO 80807
      View Details
    • $1,100,000
      7,329 SF

      Renovated Motel Near Colorado Border

      Recently renovated motel off I-70, ideal for short or long-term rentals.
      Burlington, CO 80807
      View Details
    • $200,000
      106,286 SF

      Commercial Vacant Lot in Burlington

      2.447 acre commercial vacant lot annexed into Burlington, Colorado.
      100 8th Street, Burlington, CO 80807
      View Details
    • $599,000

      Prime Cropland with Income Potential

      291 acres of tillable cropland near Burlington, Colorado.
      TBD County Road PP 5/10, Burlington, CO 80807
      View Details
    • $149,000
      1,808 SF

      Commercial Lot Near I-70

      Commercial lot with building near I-70 in Burlington, Colorado.
      550 Rose Ave, Burlington, CO
      View Details
    • $621,000

      320 Acres Near Highway 385

      320-acre tract with CRP income and recreational appeal.
      3001 Co Rd 43, Burlington, CO 80807
      View Details
    • $702,000

      271.87 AC Agricultural Land

      Dryland and CRP land with transmission line access.
      10317-9509 Co Rd 55, Burlington, CO
      View Details
    • $325,000
      6,600 SF

      Floral and Garden Center Opportunity

      Established floral and garden center with high growth potential.
      242 S 9th St, Burlington, CO, 80807-2070
      View Details

    FAQs

    What type of property is this?
    Land - 6.38 acre surveyed land tract with utilities available.
    Where is this land located?
    The property is located at Tbd001 Fay Street Burlington, CO.
    What is the asking price?
    The asking price for this property is $541,930.
    What are key features of this property?
    This property features: 6.38± acre tract of land available.; Utilities (water, electricity, and sewer) available from the city.; Immediate possession upon closing and delivery of deed.
    (719) 346-5710
    We can help!
    Listing Contact
    Dale K. Stull
    Real Estate License ID: 40009562
    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
    Tbd001 Fay Street, Burlington, CO 80807
    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!