Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Colorado Horse Property with Acreage Title is generated by Realmo AI

    25431 Cave Spring, Elbert, CO 80106

    View on Map
    Claim this Listing
    For Sale
    $1,750,000

    Exceptional 35-acre horse property with multiple living spaces.

    Type:Land or Vacant Lot
    Property size:
    3,286 SF
    Lot size:
    35.01 Acres
    Price / SF:
    $532/SF
    Added:
    Jan 20, 2026
    Days on Market:
    136
    Last Refresh:
    Apr 5 at 9:35 pm

    Property Features for 25431 Cave Spring

    General Information

    Standard status
    Active
    Size
    3,286 SF
    Lot size
    35.01 Acres
    Property subtype
    Land or Vacant Lot

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    DOUGLAS MCLAUGHLIN
    DOUGLAS MCLAUGHLIN

    Listing agent DOUGLAS MCLAUGHLIN License #FA040033271

    Listing office RE/MAX Alliance

    Listing date Jan 20, 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 RE/MAX Alliance

    HighLights

    • 35‑acre horse property with equestrian amenities including a loafing shed, pasture, and utility building.
    • Main house boasts 3,278 sq ft, 3 living spaces, open floor plan, mountain views, and a newly finished basement.
    • Detached guest house with 3 bedrooms, 3 bathrooms, 2 kitchens, 2 mother‑in‑law suites, and a 2‑car garage.
    • Farmhouse‑industrial kitchen with modern fireplace and indoor‑outdoor living.
    • Main‑floor primary suite with custom ceiling and spa‑like bath.
    • Built in 2022.

    Overview

    This 35-acre horse property in Elbert, CO, offers refined Colorado country living. The property is cross-fenced and improved for equestrian use. The custom mountain farmhouse includes 3,278 finished square feet with vaulted ceilings and mountain and prairie views. The home features a farmhouse-industrial kitchen that flows into the family room, a floor-to-ceiling fireplace, and sliding glass doors. The main-floor primary suite includes custom ceiling treatments and a five-piece bath. Two additional main-level bedrooms, a full bath, a powder bath, and a laundry room complete the main floor. The finished basement adds a large rec room, bedroom, and 3/4 bath. A three-car garage and level yard are included. The detached guest home offers three bedrooms and three bathrooms, an open layout, and two mother-in-law suites. It features two upgraded kitchens (one with an island), its own laundry, separate propane tank and electric service, plus a two-car attached garage with workshop space. Equestrian amenities include a loafing shed with four stalls, electrical and water, pasture land, a large metal utility building with electrical and water, and a she-shed with electrical.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Nail Salon Gym & Fitness Center Food Market Grocery & Convenience Store Electrical Service Garden Center Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Elbert
    County
    El Paso
    State
    Colorado
    Longitude
    -104.56
    Latitude
    39.172

    Nearby Similar for Sale

    • $310,000

      Equestrian-Friendly Agriculture Land

      39-acre Elbert property with agricultural zoning, water features, and county road frontage for horses and cattle uses.
      Parcel 3 County Road 37, Elbert, CO 80106
      View Details
    • $310,000

      Rural Mountain-View Land Parcel

      Nearly 40-acre rural parcel near Elbert with electricity at the lot line and mountain views for a custom build.
      Parcel 4 County Road 33, Elbert, CO 80106
      View Details
    • $225,000

      35 Acres in Staghorn Ranch

      Land with expansive views and adjudicated water rights.
      0 (Lot 3) County Road 102, Elbert, CO 80106
      View Details
    • $425,000

      9.5 Acres in Elbert, CO

      9.5-acre parcel ideal for development, recreation, or custom retreat.
      Latigo Boulevard, Elbert, CO 80831
      View Details
    • $275,000

      Agricultural Land with Mountain Views

      Build-ready farmland with direct access, rolling hills, and fencing on two sides under agricultural zoning.
      Lot 2 County Road 37, Elbert, CO 80106
      View Details
    • $229,000

      Land in Horse Community

      2.5 acre lot with utilities and equestrian access.
      13745 Irish Hunter Trail, Elbert, CO 80106
      View Details
    • $375,000

      Colorado Rural Lifestyle Awaits

      40-acre parcel near Elbert, CO, ideal for horses/cattle.
      Parcel 3 County Road 37, Elbert, CO 80106
      View Details
    • $325,000

      Colorado Land with Water Rights

      39.5 acres of Colorado landscape with adjudicated water rights.
      22555 County Road 49, Elbert, CO 80106
      View Details
    • $365,000

      Colorado Land with Mountain Views

      35-acre Colorado land with mountain views, ideal for agriculture.
      21545 Elk Meadows Cir, Elbert, CO 80106
      View Details
    • $730,000

      Colorado Land with Mountain Views

      70 acres of premium Colorado land with sweeping mountain views.
      21550 Elk Meadows Cir, Elbert, CO 80106
      View Details
    • $340,000

      Rolling Hills and Open Grassland

      Land with mountain views, zoned for agriculture, no HOA.
      Lot 2 County Road 37, Elbert, CO 80106
      View Details
    • $1,450,000
      6,250 SF

      Colorado Acreage with Horse Facilities

      Spacious 6-bedroom home on 20 acres with outbuildings.
      11430 Roslyn, Elbert, CO 80106
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Exceptional 35-acre horse property with multiple living spaces.
    Where is this horse & equestrian property located?
    The property is located at 25431 Cave Spring Elbert, CO.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 35‑acre horse property with equestrian amenities including a loafing shed, pasture, and utility building.; **Main house boasts 3,278 sq ft, 3 living spaces, open floor plan, mountain views, and a newly finished basement.**; Detached guest house with 3 bedrooms, 3 bathrooms, 2 kitchens, 2 mother‑in‑law suites, and a 2‑car garage.
    (303) 865-3400
    We can help!
    Listing Contact
    DOUGLAS MCLAUGHLIN
    DOUGLAS MCLAUGHLIN
    Real Estate License ID: FA040033271
    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
    25431 Cave Spring, Elbert, CO 80106
    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!