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

    201 S Wapiti Drive, Fraser, CO 80442

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    0.58 acre lot zoned for business with great visibility.

    Type:Land or Vacant Lot
    Lot size:
    0.58 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    122
    Last Refresh:
    Apr 5 at 9:40 pm

    Property Features for 201 S Wapiti Drive

    General Information

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

    We can help!

    Listing Contact
    MEGAN LUTHER

    Listing agent MEGAN LUTHER

    Listing office THE SIMPLE LIFE R.E. COMPANY

    Listing date Feb 2, 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 THE SIMPLE LIFE R.E. COMPANY

    HighLights

    • Over half acre (.58) lot zoned for business with great visibility across from Safeway and stoplight access.
    • Located in the Town of Fraser's Riverwalk overlay providing additional development opportunities.
    • Located on the Fraser River Trail and adjacent to the historic Fraser Walk thru History Park.
    • Minutes from Winter Park Resort, Rocky Mountain National Park, and multiple golf courses.
    • Located on the free shuttle to shopping, dining, nightlife and Winter Park Resort.
    • Flat lot with hiking, biking, and cross country skiing right out the front door.

    Overview

    This 0.58-acre lot is zoned for business and offers high visibility across from Safeway, with convenient stoplight access. Situated on the Fraser River Trail and adjacent to the historic Fraser Walk thru History Park, the property benefits from its location within the Town of Fraser's Riverwalk overlay, potentially opening up additional development opportunities. The lot is flat and positioned minutes away from Winter Park Resort, Rocky Mountain National Park, the Fairways at Pole Creek, Grand Elk Golf Course, and Granby Ranch amenities. The location provides access to the free shuttle, offering convenient transportation to shopping, dining, nightlife, and Winter Park Resort. Additionally, hiking, biking, and cross-country skiing opportunities are available right outside the front door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fraser
    County
    Grand
    State
    Colorado
    Longitude
    -105.785
    Latitude
    39.9436

    Nearby Similar for Sale

    • $885,000
      2,176 SF

      Fraser Income Property Opportunity

      Income property in Fraser with two units and updates.
      851 MINK Lane, Fraser, CO 80442
      View Details
    • $1,095,000
      1,909 SF

      Mountain Half Duplex Near Skiing

      Furnished half duplex near Winter Park, ideal for mountain living.
      787 Mulligan Street, Fraser, CO 80442
      View Details
    • $1,375,000
      2,200 SF

      Modern Fraser Townhome with Riverfront Views

      New construction 3-bedroom townhome with mountain views and river access.
      144 Clayton Court, Fraser, CO 80442
      View Details
    • $1,885,000
      2,942 SF

      Stunning Mountain Residence with Views

      Three-story, fully furnished mountain residence with investment potential.
      158 HAY MEADOW Drive, Fraser, CO 80442
      View Details
    • $949,000
      1,451 SF

      Turnkey Mountain Townhome with Hot Tub

      Furnished 2-bedroom townhome in Rendezvous, near Winter Park Resort.
      35 Mountain Flower Circle, Fraser, CO 80442
      View Details
    • $1,870,000
      2,971 SF

      Spacious Townhome with Lockoff Option

      Four-bedroom townhome with lockoff, near trails, shops, and restaurants.
      234 Hay Meadow Drive lot: 33, Fraser, CO 80442
      View Details
    • $765,000

      Residential Land with Mountain Views

      Land in Rendezvous neighborhood with views and building potential.
      1996 Pioneer Trail, Fraser, CO 80442
      View Details
    • $699,000

      Land in Rendezvous Community

      Flat, nearly 1-acre homesite with mountain views in Fraser, CO.
      222 BRIDGER TRACE, Fraser, CO 80442
      View Details
    • $1,210,000
      2,080 SF

      Spacious Townhome in Fraser Valley

      Three-bedroom townhome with tandem garage in desirable Fraser neighborhood.
      240 Hay Meadow Drive lot: 32, Fraser, CO 80442
      View Details
    • $249,000

      Fraser Land with Development Potential

      Vacant lot in Fraser with multi-family zoning and mountain views.
      740 WAPITI Drive, Fraser, CO 80442
      View Details
    • $1,200,000

      Fraser Land Near Winter Park

      Commercial land with high visibility near Winter Park Resort.
      201 S Wapiti Dr, Fraser, CO 80442
      View Details
    • $199,000

      Duplex-Zoned Land in Fraser, CO

      Rare duplex-zoned lot in Fraser, near amenities and transportation.
      870 Ferret Lane, Fraser, CO 80442
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.58 acre lot zoned for business with great visibility.
    Where is this commercial land located?
    The property is located at 201 S Wapiti Drive Fraser, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Over half acre (.58) lot zoned for business with great visibility across from Safeway and stoplight access.; Located in the Town of Fraser's Riverwalk overlay providing additional development opportunities.; Located on the Fraser River Trail and adjacent to the historic Fraser Walk thru History Park.
    (970) 531-7811
    We can help!
    Listing Contact
    MEGAN LUTHER
    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
    201 S Wapiti Drive, Fraser, CO 80442
    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!