Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3029 Foothills Ranch Dr Boulder, CO 80302

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $575,000

    Private, gated land parcel near North Boulder with utilities.

    Lot size:
    1.81 Acres

    Property Features for 3029 Foothills Ranch Dr

    General Information

    Standard status
    Active
    Lot size
    1.81 Acres

    We can help!

    Listing Contact
    Chris Angelovic
    Chris Angelovic
    Source: Corcoran

    Listing Agent: Chris Angelovic

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Foothills Ranch Build Site

    This property presents a rare opportunity to construct a custom home within the gated Foothills Ranch community. This exclusive enclave comprises only seven properties and is surrounded by 110 acres of HOA-owned open land. Located minutes from North Boulder, the parcel offers a balance of seclusion and convenience, with Lefthand Water and natural gas available at the lot. An existing driveway and garage foundation are in place. The location provides access to Heil Valley Ranch trails, Boulder, and Lyons. A home rendering image is provided by Coburn Architecture, who can help bring your dream home to fruition. This concept is approximately 3,000 square feet with 3 bedrooms, 2.5 baths, and a three-car garage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Spa & Massage Building Supply Auto Repair Shop Wholesale Shop Gym & Fitness Skin Care Clinic Garden Center Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.28643
    Latitude
    40.153545

    Nearby Similar for Sale

    • $2,395,000
      3,800 SF

      Boulder Multifamily Investment Opportunity

      Five-unit property in central Boulder with income and appreciation potential.
      1938 Spruce St, Boulder, CO 80302
      View Details
    • $1,365,000
      0.35 Acres

      Versatile Office Building Near Boulder

      Six-unit office building in a desirable Boulder location.
      6662 Gunpark Dr, Boulder, CO 80301
      View Details
    • New
      $750,000
      0.42 Acres

      Bright Office Condo in Boulder

      Modern office condo with parking and amenities in Washington Village.
      2930 Broadway St, Boulder, CO 80304
      View Details
    • $2,200,000
      7,803 SF

      Office Building in Gunbarrel Business Park

      Standalone office building with flexible space in Boulder's business park.
      6290 Lookout Rd, Boulder, CO 80301
      View Details
    • $325,000
      0.02 Acres

      Boulder Office Condo For Sale

      Comfortable business office condo in north Boulder available for purchase.
      1610 Lee Hill Dr, Boulder, CO 80304
      View Details
    • $1,900,000
      3,168 SF

      Well-Maintained Multi-Family Investment Property

      Six-unit multi-family property in North East Boulder near Howard Hueston Park.
      3600 Hayden Pl, Boulder, CO 80301
      View Details
    • $325,000
      0.02 Acres

      North Boulder Office Condo

      Comfortable business office condo in north Boulder for sale.
      1570 Lee Hill Dr, Boulder, CO 80304
      View Details
    • $9,800,000
      2.83 Acres

      Boulder Warehouse with Long-Term Tenants

      49,000 sqft warehouse in East Boulder with ample parking.
      5717 Arapahoe Ave, Boulder, CO 80303
      View Details
    • $5,500,000
      1.15 Acres

      Boulder Commercial Property with Leased Tenant

      Warehouse, manufacturing, and R&D space leased to Giant Bicycle.
      5335 Sterling Dr, Boulder, CO 80301
      View Details
    • $3,073,500
      0.98 Acres

      Medical/Professional Office Building For Sale

      Medical/Professional office building in Gunbarrel setting, Boulder, CO
      7490 Clubhouse Rd, Boulder, CO 80301
      View Details
    • $6,250,000
      2.34 Acres

      Boulder Commercial Building For Sale

      New construction industrial building with warehouse and office space.
      6201 Spine Rd, Boulder, CO 80301
      View Details
    • $976,835
      0.06 Acres

      North Boulder Office/Retail Condo

      First-floor condo in North Boulder suitable for office or retail.
      1200 Yarmouth Ave, Boulder, CO 80304
      View Details

    FAQs

    What type of property is this?
    Land - Private, gated land parcel near North Boulder with utilities.
    Where is this land located?
    The property is located at 3029 Foothills Ranch Dr Boulder, CO.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Exclusive, gated community of only 7 properties surrounded by 110 acres of HOA-owned open land, offering unmatched privacy and seclusion.; - Minutes from North Boulder, providing convenient access to city amenities while maintaining a foothills setting.; - Lefthand Water and natural gas are already available at the lot, simplifying the building process.
    (720) 438-9232
    Request Owner's contact information
    3029 Foothills Ranch Dr Boulder, CO 80302
    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.
    3029 Foothills Ranch Dr
    Boulder, CO 80302
    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
    3029 Foothills Ranch Dr Boulder, CO 80302
    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

    We can help!
    Listing Contact
    Chris Angelovic
    Chris Angelovic
    (720) 438-9232
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.