Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Improved Mountain Lot Ready to Build Title is generated by Realmo AI

    3149 Nugget Road lot 481, Fairplay, CO 80440

    View on Map
    Claim this Listing
    For Sale
    $124,000

    LAND - FAIRPLAY, CO

    Lot size:
    1.00 Acre
    Added:
    Apr 18, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 4 at 1:06 pm

    Property Features for 3149 Nugget Road lot 481

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    4990
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1223

    We can help!

    Listing Contact
    Bret Muller
    Bret Muller

    Listing agent Bret Muller License #100082481

    Listing office Coldwell Banker Mountain Properties P.O. Box 1598 137 S Main Street, Frisco, CO

    Listing date Apr 18, 2026

    MLS# S1068046 Listing URL

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

    HighLights

    • Build‑ready lot with driveway installed, selective tree removal completed, and septic system engineering done, saving time and upfront costs.
    • Convenient location: 5‑10 minutes to Fairplay/Alma, 45 minutes to Breckenridge, 1.5 hours to Denver, and easy access to Highway 9 for outdoor recreation.
    • Ample space for a home and ADU/Shop/Garage, offering flexibility for a custom build or investment property.
    • Enjoy scenic mountain views and a peaceful, private setting surrounded by trees.
    • Utilities within reach: electric at the road, identified well location, and propane option.
    • Uncommon 5G cellular service and a 12ft easement for enhanced privacy.

    Overview

    This one-acre mountain lot is prepped for construction of a home and additional dwelling unit, shop, or garage. The property is surrounded by trees in a private setting with mountain views. A driveway has been installed, and selective tree removal has created a building envelope while maintaining the natural character of the land. Basic building plans could be made available. Septic system engineering has been completed, and electric is available at the road. Water will require a private well to be drilled which has been located, and gas would be propane. The property is located a 5-10 minute drive to Fairplay or Alma, approximately 45 minutes to Breckenridge, and 1.5 hours to Denver. It is located 3 miles from Highway 9, providing access to skiing, fishing, hiking, and outdoor recreation. The property has south-facing views of the mountains and meadow. Beaver dams and ponds are located across the road. National Forest land is nearby. 5G cellular service is available on the property. A 12-foot easement between neighboring properties provides a buffer while ensuring privacy. The seller will continue to clean up, level, and improve the property while on the market.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fairplay
    County
    Park
    State
    Colorado
    Longitude
    -105.981
    Latitude
    39.1352

    Nearby Similar for Sale

    • $975,000
      8,320 SF

      Highway Frontage Commercial Building

      8,320 SF commercial building on Highway 285 in Fairplay.
      1010 Castello Avenue, FAIRPLAY, CO 80440
      View Details
    • $2,400,000

      Historic Hotel with Restaurant Space

      Unique investment opportunity in Fairplay with strong income potential.
      500 Main Street, FAIRPLAY, CO 80440
      View Details
    • $219,500

      Fairplay Land Development Opportunity

      Development opportunity in supply-constrained mountain community with utilities available.
      Platteview Drive lot: 32, FAIRPLAY, CO 80440
      View Details
    • $1,290,000

      2017-Built Fourplex

      Well-kept fourplex with four leased 2-bedroom, 1-bath units, gas utilities, and assigned parking near Highway 285.
      735 6th Street, Fairplay, CO 80440
      View Details
    • $399,900

      Fairplay Commercial Property Overlooking River

      Downtown Fairplay commercial property with river views and expansion potential.
      551 Front Street, FAIRPLAY, CO 80440
      View Details
    • $898,000
      9,587 SF

      Historic Fairplay Commercial Opportunity

      Iconic commercial property with retail, restaurant, and creamery spaces.
      456 Front Street, Fairplay, CO 80440
      View Details
    • $85,000

      Land with Panoramic Mountain Views

      Pristine 2.13-acre lot with stunning views near Fairplay, CO.
      5585 Middle Fork Vista, Fairplay, CO 80440
      View Details
    • $419,900

      Downtown Fairplay Office Space

      Office space in downtown Fairplay with river and mountain views.
      551 Front St, Fairplay, CO 80440
      View Details
    • $575,000

      Fairplay Commercial Live and Work

      Established commercial space with residential unit in growing community.
      1150 Castello Avenue, FAIRPLAY, CO 80440
      View Details
    • $125,000

      Improved Mountain Land Parcel

      Exceptional 2-acre mountain parcel with views and camping setup.
      1148 Redhill Road lot: 141, FAIRPLAY, CO 80440
      View Details
    • $89,000

      Two Acre Mountain View Lot

      2-acre lot with mountain views near Fairplay, Colorado.
      330 Green Bottle Circle lot: 1155, FAIRPLAY, CO 80440
      View Details
    • $419,900
      592 SF

      Fairplay Office Space Overlooking River

      Downtown Fairplay office space with river and mountain views.
      551 Front Street, Fairplay, CO 80440
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One-acre lot with utilities access near Fairplay and Breckenridge.
    Where is this residential land & home lot located?
    The property is located at 3149 Nugget Road lot 481 Fairplay, CO.
    What is the asking price?
    The asking price for this property is $124,000.
    What are key features of this property?
    This property features: Build‑ready lot with driveway installed, selective tree removal completed, and septic system engineering done, saving time and upfront costs.; Convenient location: 5‑10 minutes to Fairplay/Alma, 45 minutes to Breckenridge, 1.5 hours to Denver, and easy access to Highway 9 for outdoor recreation.; Ample space for a home and ADU/Shop/Garage, offering flexibility for a custom build or investment property.
    (970) 390-6770
    We can help!
    Listing Contact
    Bret Muller
    Bret Muller
    Real Estate License ID: 100082481
    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
    3149 Nugget Road lot: 481, FAIRPLAY, CO 80440
    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!