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

    2030 Puma Hills Rd, Lake George, CO 80827

    View on Map
    Claim this Listing
    For Sale
    $249,000

    40 acres bordering National Forest with mountain views.

    Type:Land
    Lot size:
    40.00 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 11 at 6:00 am

    Property Features for 2030 Puma Hills Rd

    General Information

    Standard status
    Active
    Lot size
    40.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jennifer Gunn

    Listing agent Jennifer Gunn License #40020094

    Listing office Rocky Mtn Ranch Land & Auction

    Listing date Apr 15, 2026

    Source Elliman

    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 Rocky Mtn Ranch Land & Auction

    HighLights

    • 40 acres bordering National Forest with mountain views.
    • Water and sewer lines connected to a 250 ft well and septic system.
    • Agricultural zoning with no HOA or covenants.
    • Minutes to Eleven Mile & Spinney reservoirs and the Dream Stream for fishing.
    • Includes a manufactured home under renovations with a lookout tower.
    • Opportunity for a solar system and self‑sufficiency.

    Overview

    This 40-acre property borders National Forest and features rock outcroppings, bristlecone pine trees, and aspens. It offers mountain views of the Collegiate Peaks, Buffalo Peak, and the South Park Valley. The property includes a manufactured home under renovations with a lookout tower. Water and sewer lines are connected to an operational 250 ft well and septic system. A solar system can be added, or a generator can be used for power. Zoned agricultural, the property has lower taxes and is zoned metes & bounds with no HOA or covenants. It is suitable for horse lovers. Located in Park County, the area is surrounded by historical sites, Native American history, and National Forest. The location offers opportunities to view mountain goats, big horn sheep, elk, bear, mountain lion, deer, and antelope, as well as gold medal fishing, hiking, hunting, and natural hot springs.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Lake George
    County
    Park
    State
    Colorado
    Longitude
    -105.506
    Latitude
    39.1071

    Nearby Similar for Sale

    • $595,000
      1,466 SF

      Lake George Farm and Estate

      Farm/Estate in Lake George, CO with 5 acres.
      546 Pulver Road, Lake George, CO 80827
      View Details
    • $400,000

      Highway Frontage Commercial Opportunity

      Versatile commercial property with highway frontage in Lake George, Colorado.
      39550 Highway 24, Lake George, CO 80827
      View Details
    • $6,795,000
      10,924 SF

      Colorado Resort Bordering National Forest

      36.72-acre resort with expansion potential near Tarryall Reservoir.
      20859 County Road 77, Lake George, CO 80827
      View Details
    • $400,000

      Highway Frontage Commercial Opportunity

      Commercial property with established infrastructure and utilities in Lake George.
      39550 US Highway 24, Lake George, CO 80827
      View Details
    • $225,000

      Land in Sportsman's Paradise

      Land with fishing access near Lake George, Colorado.
      159 W Platte Road, Lake George, CO 80827
      View Details
    • $175,000

      40 Acres Bordering National Forest

      Off-grid land parcel near outdoor recreation and mountain towns.
      1354 Puma Hills Road, Lake George, CO 80827
      View Details
    • $350,000

      Versatile Ranch Property with Lake View

      Multi-parcel ranch property bordering BLM land with mountain views.
      1495 Lakeview Rd, Lake George, CO 80827
      View Details
    • $129,900

      10-Acre Land with Mountain Views

      Two 5-acre tracts combined, offering mountain views and outdoor activities.
      Pike View Drive, Lake George, CO 80827
      View Details
    • $129,900

      Land with Pikes Peak Views

      10-acre lot with mountain views near Tarryall Reservoir.
      Pike View Drive, Lake George, CO 80827
      View Details
    • $350,000

      Versatile Ranch Property with Lake View

      Multi-parcel ranch property bordering BLM land with no restrictions.
      1495 Lakeview Road, Lake George, CO 80827
      View Details
    • $159,000

      Land in Lake George, CO

      5.31 acres of mountain beauty with electricity on-site.
      117 Vagabond Creek Terrace, Lake George, CO 80827
      View Details
    • $550,000

      Lake George Land with Cabin

      Nearly 10 acres with views and updated cabin.
      38340 US HWY 24, Lake George, CO 80827
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 40 acres bordering National Forest with mountain views.
    Where is this agricultural land / farmland located?
    The property is located at 2030 Puma Hills Rd Lake George, CO.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: 40 acres bordering National Forest with mountain views.; Water and sewer lines connected to a 250 ft well and septic system.; Agricultural zoning with no HOA or covenants.
    (719) 299-1844
    We can help!
    Listing Contact
    Jennifer Gunn
    Real Estate License ID: 40020094
    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

    Thank You for Inquiry
    2030 Puma Hills Rd, Lake George, CO 80827
    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!