Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Premier Star Valley Building Site Title is generated by Realmo AI

    3 RIDGE Dr, Freedom, WY 83120

    View on Map
    Claim this Listing
    For Sale
    $399,000

    LAND - Freedom, WY

    Lot size:
    6.03 Acres
    Added:
    Sep 1, 2025
    Days on Market:
    260
    Last Refresh:
    May 18 at 2:06 pm

    Property Features for 3 RIDGE Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single-Family
    Standard status
    Active
    APN
    005541002030
    Lot size
    6.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    500

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Ryan L Olsen

    Listing agent Ryan L Olsen License #5487591PB00

    Listing office Mountain Retreat Real Estate, LLC PO Box 221, Georgetown, WY

    Listing date Sep 1, 2025

    MLS# 2109170 Listing URL

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unparalleled panoramic views of Star Valley and surrounding peaks.
    • 6+ acres of pristine wooded land offering privacy and natural beauty.
    • Direct forest access for hiking, hunting, and outdoor recreation.
    • Exclusive gated community ensuring privacy and security.
    • Investment‑grade location with strong appreciation potential.
    • Close proximity to outdoor recreation and reasonable access to amenities.

    Overview

    This 6+ acre parcel in Freedom, WY, offers an opportunity to build a dream home. Located within Grouse Creek Ranch, this property provides mountain top privacy with views of Star Valley and surrounding peaks. The wooded land offers natural beauty and seclusion. A gated entry ensures exclusivity and security. Direct forest access allows for hiking, hunting, and outdoor recreation. This location combines privacy and natural surroundings with recreational opportunities. Grouse Creek Ranch offers an exclusive gated community atmosphere, proximity to outdoor recreation, and mountain living with access to amenities. This property is located in an investment-grade location with appreciation potential. This site is suitable for creating a family retreat or luxury mountain estate.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Freedom
    County
    Lincoln
    State
    Wyoming
    Longitude
    -111.036
    Latitude
    43.015

    Nearby Similar for Sale

    • $349,000

      WY Land with River Access

      5.7 acres with private river access in Freedom, Wyoming.
      214 EQUESTRIAN Way, Freedom, WY 83120
      View Details
    • $600,000

      Mountain Land with Shop and Utilities

      7.34-acre retreat with infrastructure and valley views in Freedom, WY.
      407 FREEDOM RIDGE Road, Freedom, WY 83120
      View Details
    • $274,900

      Wyoming Land with Mountain Views

      5.29 acre lot in gated community near national forest.
      14 ELK WATCH Ln, Freedom, WY 83120
      View Details
    • $235,000

      Land in Alpenglow Hills, Wyoming

      Residential land in Star Valley, build your Wild West lifestyle.
      YELLOW STAR Road lot: 5, Freedom, WY 83120
      View Details
    • $219,000

      Land in Alpenglow Hills, Wyoming

      Land for sale in Star Valley near Star Valley Ranch.
      YELLOW STAR Road lot: 3, Freedom, WY 83120
      View Details
    • $179,900

      Wyoming Land Near National Forest

      5.21 acre recreational land bordering Caribou-Targhee National Forest.
      46 ELK WATCH Ln, Freedom, WY 83120
      View Details
    • $215,000

      Wyoming Land with Mountain Views

      5.28-acre lot ready for development in Freedom, Wyoming.
      DICK CASULL LOOP lot: 9, Freedom, WY 83120
      View Details
    • $339,000

      Premier Star Valley Building Site

      Exceptional 5+ acre wooded land with panoramic views.
      5 RIDGE Dr, Freedom, WY 83120
      View Details
    • $249,900

      Land in Grouse Creek Ranch

      5-acre lot with mountain views and National Forest access.
      41 GROUSE LOOP Rd, Freedom, WY 83120
      View Details
    • $180,000

      Wyoming Land with Mountain Views

      5.18-acre lot with panoramic mountain views in Freedom, Wyoming.
      VISTA HILLS SUBDIVISION lot: 1, Freedom, WY 83120
      View Details
    • $225,000

      Wyoming Land with Mountain Views

      5-acre lot in Star Valley, build your dream home.
      VISTA HILLS SUBDIVISION lot: 11, Freedom, WY 83120
      View Details
    • $1,300,000

      Expansive 50-Acre Wyoming Land Parcel

      50-acre property ideal for a ranch or dream home.
      50 ACRES COUNTRY ROAD 116, Freedom, WY 83120
      View Details

    FAQs

    What type of property is this?
    Land - Exceptional 6+ acre building site with panoramic views.
    Where is this land located?
    The property is located at 3 RIDGE Dr Freedom, WY.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Unparalleled panoramic views of Star Valley and surrounding peaks.; 6+ acres of pristine wooded land offering privacy and natural beauty.; Direct forest access for hiking, hunting, and outdoor recreation.
    (208) 339-3200
    We can help!
    Listing Contact
    Ryan L Olsen
    Real Estate License ID: 5487591PB00
    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
    3 RIDGE Dr, Freedom, WY 83120
    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!