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    Versatile Land with Metal Buildings Title is generated by Realmo AI

    21875 E Highway 24, Peyton, CO 80831

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    Claim this Listing
    For Sale
    $825,000

    35 acres with buildings, suitable for ranch, commercial, or storage.

    Type:Land or Vacant Lot
    Property size:
    7,200 SF
    Lot size:
    35.00 Acres
    Price / SF:
    $114/SF
    Added:
    Dec 30, 2025
    Days on Market:
    161
    Last Refresh:
    Apr 5 at 9:47 pm

    Property Features for 21875 E Highway 24

    General Information

    Standard status
    Active
    Size
    7,200 SF
    Lot size
    35.00 Acres
    Property subtype
    Land or Vacant Lot

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    Listing Contact
    KAREN BENENATI
    KAREN BENENATI

    Listing agent KAREN BENENATI License #40034486

    Listing office Equity Colorado Real Estate

    Listing date Dec 30, 2025

    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 Equity Colorado Real Estate

    HighLights

    • 35 usable acres with Highway 24 frontage, offering excellent accessibility and visibility.
    • Two large metal buildings (60x60 insulated with bathroom, and 60x120) suitable for various uses.
    • Zoned A‑35 (Agriculture) with potential for commercial, manufacturing, storage, or agricultural business use.
    • 3‑Phase Electric and newer engineered septic system for up to 10 employees.
    • Well permit allows for commercial use, two dwellings, domestic animals, and irrigation.
    • No HOA or covenants, providing flexibility and freedom for property use.

    Overview

    This property features 35 usable acres with two large metal buildings, presenting an amazing opportunity for various uses. Zoned A-35 (Agriculture), the property has potential for commercial, manufacturing, storage, or agricultural businesses, including horse and dog training or boarding facilities. Previous owners obtained a special use permit for a lumberyard, and the assessor site indicates the current land use as "Commercial Warehouse/Storage". Past businesses on the property include woodworking and U-Haul operations. The metal buildings include a 60x60 insulated building with a full bathroom and a 60x120 building, both suitable for diverse purposes. An additional newer building on skids offers possibilities as an office or meeting room. The property is equipped with 3-Phase Electric and a newer engineered septic system designed for up to 10 employees. The well permit allows for water usage related to the previous owner's commercial wood business, water for two single-family dwellings, watering of domestic animals, and irrigation of 3,000 square feet of lawn and garden. The property has Highway 24 frontage just east of Falcon and offers mountain views. It has farm, ranch, and livestock potential, as well as commercial and business potential, without HOA or covenants.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $83.4k $11.58
    − Vacancy −$3.7k −$0.51
    EGI $79.7k $11.07
    − OpEx −$12.0k −$1.66
    NOI $67.8k $9.41
    7,200 SF · lease $11.58/SF/yr · vacancy 4.40% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $967.9K
    $846.9K – $1.13M (±1% cap)
    NOI $67,751 @ 7.0% cap · market cap 8.21%
    Second Best
    Industrial
    $706.5K
    $618.2K – $824.3K (±1% cap)
    NOI $49,455 @ 7.0% cap · market cap 5.99%
    Theoretical Best
    Multifamily LT 5
    $96.01M
    $84.01M – $112.01M (±1% cap)
    NOI $6,720,695 @ 7.0% cap · market cap 814.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    HVAC Service Garden Center Car Rental Facility Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Peyton
    County
    El Paso
    State
    Colorado
    Longitude
    -104.426
    Latitude
    39.0244

    FAQs

    What type of property is this?
    Ranch - 35 acres with buildings, suitable for ranch, commercial, or storage.
    Where is this ranch located?
    The property is located at 21875 E Highway 24 Peyton, CO.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: 35 usable acres with Highway 24 frontage, offering excellent accessibility and visibility.; Two large metal buildings (60x60 insulated with bathroom, and 60x120) suitable for various uses.; Zoned A‑35 (Agriculture) with potential for commercial, manufacturing, storage, or agricultural business use.
    More about this property
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