Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    3591 CO-83 Franktown, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    13-acre commercial land near lighted intersection, suitable for development.

    Type:LAND
    Lot size:
    13.00 Acres
    Added:
    Oct 12, 2021
    Days on Market:
    1668
    Last Refresh:
    Apr 5 at 10:24 pm

    Property Features for 3591 CO-83

    General Information

    Standard status
    Active
    Lot size
    13.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Andrew Dodgen
    Andrew Dodgen

    Listing agent Andrew Dodgen License #ER100025456

    Listing office Fuller Real Estate

    Listing date Oct 12, 2021

    Source Moodyscre

    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 Fuller Real Estate

    HighLights

    • Large 13‑acre site
    • Located at a lighted intersection on S. Parker Rd. in the pathway of development.
    • Commercial development application would be favorably received.
    • Water, sewer, and drainage are believed to be available.
    • Excess fill dirt available from master developer at a nominal cost.
    • Low property taxes: estimated at only $14 for 2021.

    Overview

    Prime Development Land For Sale

    This 13-acre commercial land is located at the southwest corner of South Parker Road (Highway 83) and Castle Oaks Drive, approximately 2 miles north of Franktown. Situated in an area undergoing development, the site benefits from a lighted intersection at Castle Oaks Drive. The Town of Castle Rock is likely to view commercial development applications favorably. According to the seller's water consultant, water, sewer, and drainage services are potentially accessible from the local water and sanitation district. The seller has communicated with a master developer who can provide excess fill dirt at a nominal cost, though engineering and compaction would be the buyer's responsibility. Currently zoned Agricultural (AG) in Douglas County, the estimated taxes for 2021 are $14.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Franktown
    County
    Douglas
    State
    Colorado
    Longitude
    -104.753
    Latitude
    39.3914

    Nearby Similar for Sale

    • $2,950,000
      8,635 SF

      Franktown Commercial Redevelopment Opportunity

      Commercial property with redevelopment potential in Franktown, Colorado.
      2031 N State Highway 83, Franktown, CO
      View Details
    • $1,750,000
      3,561 SF

      Expansive Horse/Cattle Property with Views

      103.93-acre farmhouse estate with livestock amenities and modern conveniences.
      6597 S State Highway 83, Franktown, CO 80116
      View Details
    • $975,000
      2,880 SF

      50 Acres with Mountain Views

      Premium land with barn, views, and agricultural potential.
      11834 Cave Spring, Franktown, CO 80116
      View Details
    • $1,400,000

      Rare Cherry Creek Ranch Land

      146-acre ranch near Castle Rock with Front Range views.
      83 Highway 83, Franktown, CO 80116
      View Details
    • $4,500,000

      36 Acre Ranch in Franktown

      Ranch located near Castlewood Canyon State Park in Franktown, CO.
      6646 E State Highway 86, Franktown, CO 80116
      View Details
    • $550,000

      Vacant Land in Franktown, Colorado

      Spacious land parcel in Franktown, perfect for building.
      104 Bill Davis, Franktown, CO 80116
      View Details
    • $800,000

      36 Acres Prime Agricultural Land

      36 acres of prime agricultural and grazing land for sale.
      11750 S State Highway 83, Franktown, CO 80116
      View Details
    • $599,000

      Franktown Land with Mountain Views

      Over 10 acres with paved roads and utilities available.
      9375 Red Primrose, Franktown, CO 80116
      View Details
    • $4,500,000

      Land For Sale

      Land available for purchase in Douglas County, Colorado.
      6646 E State Highway 86, Franktown, CO 80116
      View Details
    • $599,000

      Franktown Land with Mountain Views

      Over 10 acres of land with utilities available.
      9375 Red Primrose Street, Franktown, CO 80116
      View Details
    • $800,000

      36 Acres Prime Agricultural Land

      36 acres of agricultural and grazing land near Franktown, Colorado.
      11750 South State Highway 83, Franktown, CO 80116
      View Details
    • $4,700,000

      Castlewood Equestrian Center For Sale

      Full-scale boarding and training facility on 151 acres.
      5525 E State Hwy 86, Franktown, CO
      View Details

    FAQs

    What type of property is this?
    Land - 13-acre commercial land near lighted intersection, suitable for development.
    Where is this land located?
    The property is located at 3591 CO-83 Franktown, CO.
    What is the asking price?
    The asking price for this property is $2,499,000.
    What are key features of this property?
    This property features: Large 13‑acre site; Located at a lighted intersection on S. Parker Rd. in the pathway of development.; Commercial development application would be favorably received.
    (720) 670-0377 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Dodgen
    Andrew Dodgen
    Real Estate License ID: ER100025456
    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
    3591 CO-83, Franktown, CO
    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!