Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15185 Rainbow Drive Sedalia, CO 80135

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $515,000

    Recreation land

    Type:Land
    Lot size:
    4.30 Acres
    Added:
    Feb 7, 2026
    Days on Market:
    53
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 15185 Rainbow Drive

    General Information

    Standard status
    Active
    Lot size
    4.30 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Taryn King

    Listing agent Taryn King License #CO-100076290

    Listing office eXp Realty Colorado Springs

    Listing date Feb 7, 2026

    Source Crexi

    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 eXp Realty Colorado Springs

    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Sedalia
    County
    Douglas
    State
    Colorado
    Longitude
    -105.1676581
    Latitude
    39.2206063

    Nearby Similar for Sale

    • $20,000

      Colorado Mountain Homesite Opportunity

      0.82-acre homesite near Woodland Park with mountain views.
      572 Overlook Circle, Sedalia, CO 80135
      View Details
    • $965,000
      2,774 SF

      Updated Home with Equestrian Features

      Updated 4-bedroom home with equestrian facilities near Castle Rock.
      847 Coronado, Sedalia, CO 80135
      View Details
    • $925,000
      3,346 SF

      Sedalia Office Building For Sale

      Office building in Sedalia, Colorado available for investment.
      5465 Manhart St, Sedalia, CO 80135
      View Details
    • $4,199,999
      8,325 SF

      Private Equestrian Estate with Mountain Views

      Remodeled 40-acre equestrian estate with mountain views and city access.
      934 S Perry Park Road, Sedalia, CO 80135
      View Details
    • $2,650,000
      4,263 SF

      Equestrian Retreat in Dawson Butte

      Private 35+ acre retreat with equestrian facilities and panoramic views.
      5000 S Perry Park, Sedalia, CO 80135
      View Details
    • $4,199,999
      8,325 SF

      Equestrian Estate in Plum Creek

      Private 40-acre equestrian estate with remodeled lodge.
      934 S Perry Park, Sedalia, CO 80135
      View Details
    • $599,000
      5,000 SF

      Land with Steel Building Frame

      5.6-acre property with utilities and steel building frame in Sedalia.
      7037 Meadowbrook Lane, Sedalia, CO 80135
      View Details
    • $925,000

      36 Acres with Mountain Views

      Rare 36-acre treed land with mountain and city views.
      1150 Madge Gulch Road, Sedalia, CO 80135
      View Details
    • $875,000

      35-Acre Dawson Butte Property

      Land with breathtaking views and ideal building sites in Sedalia.
      5080 S Perry Park, Sedalia, CO 80135
      View Details
    • $1,200,000

      Allis Ranch Preserve Land

      35-acre property with well, electricity, and mountain views.
      4771 Jackson Creek, Sedalia, CO 80135
      View Details
    • $1,200,000

      35-Acre Property in Allis Ranch

      Land with well, electricity, views, and creek near Castle Rock.
      4771 Jackson Creek Road, Sedalia, CO 80135
      View Details
    • $55,000

      Residential Land in Gated Community

      1.6 acre lot with views in private community near Platte River.
      9750 Canon Drive, Sedalia, CO 80135
      View Details

    FAQs

    Where is this recreation land located?
    The property is located at 15185 Rainbow Drive Sedalia, CO.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: Fully remodeled cabin on 4.3 acres in the private Rainbow Falls community.; Major upgrades include a new metal roof and new septic system (2023).; Outdoor living space enhanced with a large deck and new brick paver patio.
    We can help!
    Listing Contact
    Taryn King
    Real Estate License ID: CO-100076290
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!