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

    10795 County Road 197a, Nathrop, CO 81236

    View on Map
    Claim this Listing
    For Sale
    $123,000

    Land available in Chateau Chaparral.

    Type:Land
    Added:
    Mar 16, 2026
    Days on Market:
    81
    Last Refresh:
    Mar 16 at 8:23 am

    Property Features for 10795 County Road 197a

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Cathy Harbick

    Listing agent Cathy Harbick License #40003358

    Listing office Century 21 Community First

    Listing date Mar 16, 2026

    Source Evrealestate

    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 Century 21 Community First

    HighLights

    • Located in Chateau Chaparral
    • Property located on Oregon street
    • Unpaved and gravel parking
    • Signage present (Century 21 Community First for sale sign)
    • Located in Chaffee County
    • No fencing

    Overview

    The property is located off County Road 197A in Nathrop, CO, within Chaffee County. To reach the property from the entrance of Chateau Chaparral, turn right onto Oregon. The land will be on the left.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop Hotel & Motel Storage Facility Bed & Breakfast Tattoo & Piercing Shop Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Nathrop
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.069905
    Latitude
    38.741304

    Nearby Similar for Sale

    • $169,900

      Nathrop Land with Mountain Views

      3.5-acre treed lot with views near Mt. Princeton Hot Springs.
      Falcon Drive, Nathrop, CO 81236
      View Details
    • $4,086,500

      Riverfront Land Opportunity in Nathrop

      7.27 acre land for custom ranch near Arkansas River.
      2 Highway 285, Nathrop, CO 81236
      View Details
    • $269,000

      Nathrop Land with Mountain Views

      2.22 acre lot with exceptional mountain views.
      13001 County Road 261p, Nathrop, CO 81236
      View Details
    • $654,000
      1,096 SF

      Scenic Acreage with Infrastructure in Place

      10.96-acre homesite with panoramic views near Mount Princeton Hot Springs.
      21160 Skyline Drive lot: 15, NATHROP, CO 81236
      View Details
    • $4,086,500

      Arkansas Riverfront Ranch Opportunity

      7.27-acre ranch opportunity near Buena Vista, Colorado, with river access.
      2 Highway 285, Nathrop, CO 81236
      View Details
    • $6,540,500

      Arkansas Riverfront Ranch Opportunity

      Land for custom ranch home near Buena Vista, Colorado.
      3 Highway 285, Nathrop, CO 81236
      View Details
    • $6,540,500

      Arkansas Riverfront Ranch Opportunity

      23.41-acre ranch opportunity backing to the Arkansas River.
      3 Highway 285, Nathrop, CO 81236
      View Details
    • $375,000

      Land Parcel with Mountain Views

      4.49 acre parcel with Collegiate Peaks views.
      10314 Rawhide Creek, Nathrop, CO 81236
      View Details
    • $1,550,000
      988 SF

      Nathrop Ranch with Remodeled Home

      129-acre ranch featuring a remodeled home and water rights.
      11355 E County Road 270, Nathrop, CO 81236
      View Details
    • $250,000

      Land with Mountain Views

      Land with building site, views, and access to recreation.
      13584 County Road 261b, Nathrop, CO 81236
      View Details
    • $117,000

      Arkansas River Access Property

      Gated community with river access and included RV.
      10795 County Road 197a, Nathrop, CO 81236
      View Details
    • $4,086,500

      Arkansas Riverfront Ranch Opportunity

      Legacy niche river development opportunity near Buena Vista, Colorado.
      2 Highway 285, Nathrop, CO 81236
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Chateau Chaparral.
    Where is this land located?
    The property is located at 10795 County Road 197a Nathrop, CO.
    What is the asking price?
    The asking price for this property is $123,000.
    What are key features of this property?
    This property features: Located in Chateau Chaparral; Property located on Oregon street; Unpaved and gravel parking
    (719) 207-0616
    We can help!
    Listing Contact
    Cathy Harbick
    Real Estate License ID: 40003358
    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
    10795 County Road 197a, Nathrop, CO 81236
    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!