Agricultural Property with Morton
251 County Road 31 Florissant, CO 80816
251 County Road 31, Florissant, CO, 80816
$375,000
For Sale
$375,000
Ag-zoned property includes a Morton Building, a steel-frame outbuilding with solar, and a one-room dry cabin.
Property Size2,520 SF
Lot Size35.00 Acres
Price / SF$148.81
Days on Market79
Property Features for 251 County Road 31
General Information
- Standard status
- Active
- Size
- 2,520 SF
- Lot size
- 35.00 Acres
- Property subtype
- Land
Listing agency
Pikes Peak Homes and Land Ltd
(719) 464-5839
Listed by
Chris Clark · License #100056170
(719) 464-5839
Source
Compass
Added: May 4 Updated: Jul 21 at 12:14AM Checked: Jul 21 at 6:57AM
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 Pikes Peak Homes and Land Ltd
Investment Insights
Based on property information with market context.
Ag-zoned agricultural property offering open-space living with substantial, purpose-built improvements. The centerpiece is a large Morton Building designed for durable storage, a professional-grade workshop, or operational use related to agricultural activities. A second steel-frame building provides additional workspace and is equipped with a dedicated solar array. The property also includes a one-room dry cabin for seasonal or interim stays while plans develop.
The land is described as strategically zoned for agricultural use, providing flexibility for ranching, sustainable farming, or private equestrian use. Infrastructure is reportedly already in place to support day-to-day needs on the property.
Overall, the site pairs agricultural zoning with multiple structures and on-site power generation, creating a self-contained setting for equipment storage, workshop activity, or livestock and related operations.
The land is described as strategically zoned for agricultural use, providing flexibility for ranching, sustainable farming, or private equestrian use. Infrastructure is reportedly already in place to support day-to-day needs on the property.
Overall, the site pairs agricultural zoning with multiple structures and on-site power generation, creating a self-contained setting for equipment storage, workshop activity, or livestock and related operations.
Key Highlights
- 35‑acre ag‑zoned parcel with agricultural zoning in place
- 2,520 sq ft Morton Building for heavy equipment storage, workshop, or livestock use
- 960 sq ft steel‑frame outbuilding with a dedicated solar array
Local Financial Insights For Flex RnD
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 | $54.4k | $21.60 |
| − Vacancy | −$3.0k | −$1.19 |
| EGI | $51.4k | $20.41 |
| − OpEx | −$18.0k | −$7.14 |
| NOI | $33.4k | $13.27 |
2,520 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$477.6K
$417.9K – $557.3K
NOI $33,435 @ 7.0% cap · market cap 8.92%
Second Best
Industrial
$266.0K
$232.7K – $310.3K
NOI $18,618 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$644.1K
$563.6K – $751.4K
NOI $45,086 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ranches
Similar For Sale Nearby
FAQs
What type of property is this?
Ranch - Ag-zoned property includes a Morton Building, a steel-frame outbuilding with solar, and a one-room dry cabin.
Where is this ranch located?
The property is located at 251 County Road 31 Florissant, CO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 35‑acre ag‑zoned parcel with agricultural zoning in place; 2,520 sq ft Morton Building for heavy equipment storage, workshop, or livestock use; 960 sq ft steel‑frame outbuilding with a dedicated solar array
