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    Agricultural Land with Creek Frontage Title is generated by Realmo AI

    306 County Road, Parachute, CO 81635

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    Claim this Listing
    New
    For Sale
    $600,000

    LAND - Parachute, CO

    Lot size:
    80.00 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 3:06 pm

    Property Features for 306 County Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AG
    Standard status
    Active
    APN
    244711300053
    Lot size
    80.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Legal Description(Garfiled County) Section: 2 Township: 8Range: 96 E2SW, W2SE, SESE Section: 11 N2NE, THATPART OF S2NE LYING IN GARFIELD CTY 40.0 AC, THATPART OF SENW LYING IN GARFIELD CTY 20.0 AC.Section: 12 N2NW, THAT PART OF S2NW LYING INGARFIELD CTY CONT 40 AC., THAT PART OF S2NELegal Description(Mesa County) SE4NW4 SEC 11 8S 98WLYING WITHIN MESA CO Legal Description(Mesa County)NE4SW4 SEC 11 8S 96W 6TH PM - 40.75AC PERAUTOCAD
    Tax Annual Amount
    771

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Caitlin Lucchesi

    Listing agent Caitlin Lucchesi

    Listing office United Country Real Colorado Properties 428 Main St, Grand Junction, CO

    Listing date Jun 3, 2026

    MLS# 193110 Listing URL

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

    HighLights

    • 80+/- acres along Wallace Creek with creek frontage and year‑round access off County Road 306
    • Two acres of irrigated ground with 0.5 CFS adjudicated out of Wallace Creek
    • River bottom pasture under large cottonwoods
    • Water and utilities: domestic well for water, septic for waste, and electric service along the county road
    • Land is zoned agricultural with room for hobby ranching (cattle, horses, sheep, and poultry)

    Overview

    An 80+ acre agricultural property known as “The Orchard” sits along Wallace Creek and is configured for open range-style use. The land includes creek frontage, two acres of irrigated ground with 0.5 CFS adjudicated out of Wallace Creek, and river bottom pasture under large cottonwoods. The property is zoned AG and is described as suitable for cattle, horses, sheep, and poultry, supporting a flexible hobby-ranch or homesite approach. Amenities include electric service along the county road, a domestic well, and septic for water and waste.

    Access is available year-round off County Road 306. The listing notes that the property is approximately a 20-minute drive to Parachute. It is set in a mountain-and-valley environment with views described in nearly every direction, and wildlife is reported throughout the year, including deer, elk, and turkeys.

    For buyers seeking agricultural land in western Colorado, this tract offers both irrigated acreage and natural pasture along a year-round water feature. With utilities already identified along the road and onsite domestic well and septic in place, it can fit buyers looking to build a home or cabin while maintaining an agricultural lifestyle on AG-zoned ground.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Parachute
    County
    Garfield
    State
    Colorado
    Longitude
    -108.085
    Latitude
    39.5849

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    FAQs

    What type of property is this?
    Ranch - Eighty-plus acres along Wallace Creek with irrigated acreage, river bottom pasture, and AG zoning for hobby ranch use.
    Where is this ranch located?
    The property is located at 306 County Road Parachute, CO.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 80+/- acres along Wallace Creek with creek frontage and year‑round access off County Road 306; Two acres of irrigated ground with 0.5 CFS adjudicated out of Wallace Creek; River bottom pasture under large cottonwoods
    (970) 256-9700
    We can help!
    Listing Contact
    Caitlin Lucchesi
    Learn More
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    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.

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