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    Recreational Land with Lake View Title is generated by Realmo AI

    14691 Crooked Trail Road, Woodland Park, CO 80863

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    Claim this Listing
    For Sale
    $89,900

    Land with potential build sites and lake access.

    Type:Land or Vacant Lot
    Lot size:
    0.95 Acres
    Added:
    Oct 25, 2024
    Days on Market:
    589
    Last Refresh:
    Apr 5 at 11:05 pm

    Property Features for 14691 Crooked Trail Road

    General Information

    Standard status
    Active
    Lot size
    0.95 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    JASON DREGER
    JASON DREGER

    Listing agent JASON DREGER License #100030481

    Listing office COLDWELL BANKER 1ST CHOICE REALTY

    Listing date Oct 25, 2024

    Source Corcoran

    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 COLDWELL BANKER 1ST CHOICE REALTY

    HighLights

    • Access to Pine Lake: Enjoy private lake access for swimming and recreation. The lake is stocked with Brown Trout, Cuttbow, and Rainbow Trout.
    • OHV Access: Ride directly from the property to the Rampart Range Trailhead.
    • Multiple Build Sites: Choose from three potential building locations, with the highest site offering stunning views of Pine Lake, ThunderButte, and Bell Rock.
    • Recreational Activities: Enjoy close proximity to Gold Medal Waters, National Forest, OHV trails, Jeep trails, climbing areas, Lost Creek Wilderness, and Buffalo Creek.
    • Wildlife Abundance: Experience the beauty of beaver dams, ponds, and diverse wildlife throughout the area.
    • Pine Lakes Fishing Club Membership: As a lot owner, you have the opportunity to join the Pine Lakes Fishing Club.

    Overview

    This lot offers three potential building sites, with the highest site providing a view of Pine Lake, along with views of ThunderButte and Bell Rock. All but one corner of the lot is marked. As a lot owner, membership in the Pine Lakes Fishing Club is an option. Westcreek Lakes is described as a sportsman's paradise, featuring a private lake, Pine Lake, stocked with Brown Trout, Cuttbow, and Rainbow Trout. The lake allows members to swim and engage in water recreation. The area contains beaver dams and ponds, and is populated with wildlife. The property allows for riding to the Rampart Range Trailhead without trailering OHVs. The surrounding area offers recreational opportunities, including Gold Medal Waters for fishing, National Forest for hunting, OHV trails, world-class Jeep trails, world-famous climbing at Turkey Rock and Sheep's Nose, Lost Creek Wilderness for horseback riding, and Buffalo Creek for mountain biking, all within riding distance or a 30-minute drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Woodland Park
    County
    Teller
    State
    Colorado
    Longitude
    -105.1
    Latitude
    39.0237

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    FAQs

    What type of property is this?
    Recreation land - Land with potential build sites and lake access.
    Where is this recreation land located?
    The property is located at 14691 Crooked Trail Road Woodland Park, CO.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Access to Pine Lake: Enjoy private lake access for swimming and recreation. The lake is stocked with Brown Trout, Cuttbow, and Rainbow Trout.; OHV Access: Ride directly from the property to the Rampart Range Trailhead.; Multiple Build Sites: Choose from three potential building locations, with the highest site offering stunning views of Pine Lake, ThunderButte, and Bell Rock.
    (719) 687-0900
    We can help!
    Listing Contact
    JASON DREGER
    JASON DREGER
    Real Estate License ID: 100030481
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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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    14691 Crooked Trail Road, Woodland Park, CO 80863
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