Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Buildable Lot with Mountain Views Title is generated by Realmo AI

    1720 Troy Drive, Cripple Creek, CO 80813

    View on Map
    Claim this Listing
    For Sale
    $55,000

    Gently sloping lot with utilities and recreational amenities.

    Type:Land or Vacant Lot
    Added:
    Feb 8, 2026
    Days on Market:
    118
    Last Refresh:
    Apr 5 at 10:55 pm

    Property Features for 1720 Troy Drive

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    KEN GORUP

    Listing agent KEN GORUP

    Listing office HOMESMART REALTY

    Listing date Feb 8, 2026

    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 HOMESMART REALTY

    HighLights

    • Unmatched mountain views of the Sangre de Cristos, unique rock formations, and sweeping valleys.
    • Backs to 4.5 acres of BLM land providing added privacy and open space.
    • Access to a clubhouse with a heated pool, frisbee golf, tennis court, playground, picnic area, workout room, and sauna.
    • Buildable lot with mature aspen and pines and abundant wildlife.
    • Driveway excavation is complete and a power pole is installed at the property line.
    • Community water is available.

    Overview

    This gently sloping, buildable lot features mountain views showcasing the Sangre de Cristos, unique rock formations, and sweeping valleys. The property is surrounded by mature aspen and pines and offers abundant wildlife. It backs to 4.5 acres of BLM land, providing added privacy and open space. Driveway excavation is complete, and a power pole is installed at the property line. Community water is available. Residents have access to a clubhouse featuring a heated pool, frisbee golf, tennis court, playground, picnic area, workout room, and sauna.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Bar & Pub Garden Center Computer & Electronic Repair Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Cripple Creek
    County
    Teller
    State
    Colorado
    Longitude
    -105.192
    Latitude
    38.7859

    Nearby Similar for Sale

    • $249,900

      Cripple Creek Investment Opportunity

      Prime location in Cripple Creek's casino district.
      239 W Bennett Avenue, Cripple Creek, CO 80813
      View Details
    • $19,000

      Mountain Land Parcel in Cripple Creek

      0.88-acre mountain parcel with views and easy access.
      726 Copper Mountain Drive, Cripple Creek, CO 80813
      View Details
    • $49,000

      Land with Exceptional Views

      Six lots suitable for residential or multifamily development.
      W Galena Avenue, Cripple Creek, CO 80813
      View Details
    • $750,000

      Cripple Creek Fourplex Investment Opportunity

      Fourplex in historic Cripple Creek, near shops and casinos.
      217 W Masonic Avenue, Cripple Creek, CO 80813
      View Details
    • $32,500

      Land Bordered by BLM

      2.18-acre vacant lot near Cripple Creek, Colorado.
      Vacant Land, Cripple Creek, CO 80813
      View Details
    • $639,000

      Mountain Retreat with Pikes Peak Views

      Two homes on 7.22 acres, ideal for rental income.
      10665 S Highway 67, Cripple Creek, CO 80813
      View Details
    • $64,999

      Land in Cripple Creek Ranches

      Land with creek near Cripple Creek, Colorado.
      278 Penrose Circle, Cripple Creek, CO 80813
      View Details
    • $39,900

      Buildable Lots in Cripple Creek

      Three lots with pre-paid water and sewer tap fee.
      316 Florissant Street, Cripple Creek, CO 80813
      View Details
    • $30,000

      Buildable Lots with Mountain Views

      Two lots in Cripple Creek with utilities and mountain views.
      El Paso Avenue, Cripple Creek, CO 80813
      View Details
    • $50,000

      Residential Lot in Cripple Creek

      Residential lot with utilities in Cripple Creek, Colorado.
      N A Street, Cripple Creek, CO 80813
      View Details
    • $29,000

      Buildable Lots in Cripple Creek

      Two lots with utilities, views, and southern exposure.
      El Paso Avenue, Cripple Creek, CO 80813
      View Details
    • $189,900

      Mountain Homesite with Breathtaking Views

      Private 10.24-acre mountain homesite near Cripple Creek, Colorado.
      12201 S Highway 67, Cripple Creek, CO 80813
      View Details

    FAQs

    What type of property is this?
    Recreation land - Gently sloping lot with utilities and recreational amenities.
    Where is this recreation land located?
    The property is located at 1720 Troy Drive Cripple Creek, CO.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Unmatched mountain views of the Sangre de Cristos, unique rock formations, and sweeping valleys.; Backs to 4.5 acres of BLM land providing added privacy and open space.; Access to a clubhouse with a heated pool, frisbee golf, tennis court, playground, picnic area, workout room, and sauna.
    (303) 858-8100
    We can help!
    Listing Contact
    KEN GORUP
    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
    1720 Troy Drive, Cripple Creek, CO 80813
    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!