Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway Frontage Commercial Land Title is generated by Realmo AI

    12440 Rio Lane, Peyton, CO 80831

    View on Map
    Claim this Listing
    For Sale
    $1,750,000

    Commercial land with highway frontage and future development potential.

    Type:Commercial/Industrial
    Property size:
    174,240 SF
    Lot size:
    4.00 Acres
    Price / SF:
    $10/SF
    Added:
    Mar 12, 2026
    Days on Market:
    81
    Last Refresh:
    Apr 5 at 8:38 pm

    Property Features for 12440 Rio Lane

    General Information

    Standard status
    Active
    Size
    174,240 SF
    Lot size
    4.00 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1993

    We can help!

    Listing Contact
    Joseph Heffner

    Listing agent Joseph Heffner

    Listing office The Platinum Group

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Platinum Group

    HighLights

    • Prime commercial real estate with Hwy 24 frontage
    • Great visibility & accessibility
    • Future adjoining 53‑acre commercial shopping center
    • 1/2 block from Woodmen/24 intersection
    • Electric @ property line
    • Water & sewer taps available within upcoming year

    Overview

    This commercial real estate property offers frontage on Highway 24, situated a half-block from the Woodmen/24 intersection. The site benefits from visibility and accessibility. A future 53-acre commercial shopping center is planned to adjoin the property. Electric service is available at the property line. Water and sewer taps are anticipated to be available within the upcoming year; currently, the property utilizes a residential/commercial well with septic. The property size is 174240 square feet, presenting a potential investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Peyton
    County
    El Paso
    State
    Colorado
    Longitude
    -104.597
    Latitude
    38.94

    Nearby Similar for Sale

    • $1,600,000
      3,826 SF

      Equestrian Estate with Income Potential

      80-acre equestrian property with two homes and premier facilities.
      5430 Murr Road, Peyton, CO 80831
      View Details
    • $275,000
      3,500 SF

      Peyton Junction Commercial Opportunity

      Commercial property with retail and business space in Peyton, Colorado.
      13550 Front Street, Peyton, CO 80831
      View Details
    • $1,300,000

      Falcon Ranchettes Vacant Land Investment

      Investment-grade 5.54-acre parcel with infrastructure in place and mountain views.
      11430 Owl PL, Peyton, CO 80831
      View Details
    • $825,000

      Peyton Land with Metal Buildings

      35-acre property with two large metal buildings near Highway 24.
      21875 E Highway 24, Peyton, CO 80831
      View Details
    • $2,225,000

      Peyton, CO Commercial Land

      43.62 acre corner lot with development potential.
      Tract 1 Peyton Highway, Peyton, CO 80831
      View Details
    • $5,500,000

      35 Acres Land in Peyton, CO

      Development opportunity near Colorado Springs and Falcon.
      10985 E Highway 24, Peyton, CO 80831
      View Details
    • $165,000

      Colorado Land with Mountain Views

      5-acre lot with unobstructed Pikes Peak and Front Range views.
      14830 Tiboria Loop, Peyton, CO 80831
      View Details
    • $5,990,000

      Falcon Area Land For Sale

      116+ acres with development potential in Falcon Area.
      14550 E Highway 24, Peyton, CO 80831
      View Details
    • $2,250,000
      5,020 SF

      Mixed-Use Property on Highway 24

      Rare mixed-use property with highway frontage and grandfathered commercial uses.
      18590 E Highway 24, Peyton, CO 80831
      View Details
    • $1,330,000

      Land Near Falcon, Colorado

      8.98 acres of raw land near Falcon, Colorado.
      Bent Grass Meadows Drive, Peyton, CO 80831
      View Details
    • $145,000

      Peyton CO Land with Views

      5.06-acre parcel near Peyton with Pikes Peak views.
      15540 Fulda Lane, Peyton, CO 80831
      View Details
    • $1,075,000

      5-Acre Parcel in Peyton, CO

      5-acre parcel near King Soopers with development potential.
      11485 Owl Place, Peyton, CO 80831
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with highway frontage and future development potential.
    Where is this commercial land located?
    The property is located at 12440 Rio Lane Peyton, CO.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Prime commercial real estate with Hwy 24 frontage; Great visibility & accessibility; Future adjoining 53‑acre commercial shopping center
    (719) 536-4444
    We can help!
    Listing Contact
    Joseph Heffner
    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
    12440 Rio Lane, Peyton, CO 80831
    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!