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

    19039 Monarch River Dr Salida, CO 81201

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $475,000

    5.2 acres with 350 feet of South Arkansas River frontage.

    Lot size:
    5.20 Acres

    Property Features for 19039 Monarch River Dr

    General Information

    Standard status
    Active
    Lot size
    5.20 Acres

    We can help!

    Listing Contact
    Jon Adams
    Jon Adams
    Source: Corcoran

    Listing Agency: UNITED COUNTRY MOUNTAIN RANCH AND HOME BROKERS Listing Agent: Jon Adams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Salida Riverfront Land For Sale

    This 5.2-acre riverfront property is located in Salida, Colorado. It features approximately 350 feet of South Arkansas River frontage and borders National Forest land. The lot includes a mix of tall Ponderosa pines, spruce, stands of aspens, and lush meadows. A level building area is present, with year-round access and power available on the lot. The property is situated in the gated, covenant-controlled Monarch Rivers Estates subdivision. Outdoor recreation opportunities include wildlife viewing, hunting, fishing, hiking, biking, skiing, and snowmobiling. Elk, deer, turkeys, moose, and bear are frequent visitors. There is access to trails and jeep roads, as well as roadless National Forest. The Colorado Trail access is less than a half mile from the property. It is located seven miles from Monarch Ski area and twelve miles from Salida, Colorado.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Hotel & Motel Restaurant Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Salida
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.066
    Latitude
    38.5561

    Nearby Similar for Sale

    • $350,000

      Commercial Space in Mixed-Use Development

      912 sq ft commercial space in Salida, CO, coming Fall 2026.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $999,999

      Highway Frontage Commercial Buildings

      Two commercial buildings on 0.78 acres in Salida, Colorado.
      249 W Rainbow Blvd, Salida, CO 81201
      View Details
    • $4,199,000
      2,103 SF

      Salida Ranch with Water Rights

      192-acre ranch with senior water rights near downtown Salida.
      14100 County Road 140, Salida, CO 81201
      View Details
    • $1,700,000
      10,800 SF

      Downtown Salida Mixed-Use Investment

      Rare commercial property in downtown Salida with income potential.
      125 E 2Nd St, Salida, CO 81201
      View Details
    • $375,000
      812 SF

      Commercial Space in Mixed-Use Development

      812 sq ft commercial space in Salida, CO. For sale.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $350,000
      912 SF

      Commercial Space in Mixed-Use Development

      912 sq ft commercial space in Salida, CO, coming Fall 2026.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $375,000
      0.26 Acres

      Retail Space in Mixed-Use Development

      812 sq ft commercial space in Salida, CO. For sale.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $700,000
      0.26 Acres

      New Retail/Office Space in Salida

      Under construction retail or office space in desirable Salida location.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $895,000
      3,298 SF

      Versatile Multi-Use Building For Sale

      3,298 sq. ft. building suitable for various purposes.
      1040 I St, Salida, CO 81201
      View Details
    • $1,100,000
      3,031 SF

      Versatile Commercial Space in Salida

      3,031 sq ft commercial space in premier mixed-use development.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $1,100,000
      0.26 Acres

      Versatile Commercial Space in Salida

      3,031 sq ft commercial space in mixed-use development, Fall 2026.
      136 Old Stage Rd, Salida, CO 81201
      View Details
    • $1,250,000
      2,996 SF

      Barndominium Horse Property Near Salida

      Equestrian setup with water rights on almost fifteen acres.
      12560 W Us Highway 50, Salida, CO 81201
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 5.2 acres with 350 feet of South Arkansas River frontage.
    Where is this waterfront land located?
    The property is located at 19039 Monarch River Dr Salida, CO.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - 350 feet of South Arkansas River frontage on 5.2 acres bordering National Forest.; - Rare live water property in Chaffee County with diverse terrain.; - Direct access to hundreds of miles of trails, jeep roads, and roadless National Forest.
    (719) 207-3666
    Request Owner's contact information
    19039 Monarch River Dr Salida, CO 81201
    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.
    19039 Monarch River Dr
    Salida, CO 81201
    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
    19039 Monarch River Dr Salida, CO 81201
    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

    We can help!
    Listing Contact
    Jon Adams
    Jon Adams
    (719) 207-3666 (719) 539-6682
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!