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

    3619 Elizabeth St Elizabeth, CO 80107

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $495,000

    Homesite in a peaceful valley with views and natural features.

    Lot size:
    38.00 Acres

    Property Features for 3619 Elizabeth St

    General Information

    Standard status
    Active
    Lot size
    38.00 Acres

    We can help!

    Listing Contact
    Janis Jensen
    Source: Corcoran

    Listing Agent: Janis Jensen

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

    Learn more

    Property Insight Report

    Overview

    Elbert County Homesite Opportunity

    This homesite in Elbert County is suited for a new home or barndominium, with livestock welcome. The site is located in a peaceful valley south of Elizabeth, providing access to Highway 83 or I-25. The property features natural grass in a rolling meadow with several walk-out sites for building. Views of Pikes Peak and unique rock outcroppings are present, along with a seasonal pond. The property overlooks a rambling stream which begins on the premises. It is located a mile off the paved roads, offering privacy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Elbert
    State
    Colorado
    Longitude
    -104.610419
    Latitude
    39.360618

    Nearby Similar for Sale

    • Contact for pricing
      14,767 SF

      Elizabeth Retail Center For Sale

      Prime shopping destination anchored by Safeway in Elizabeth, Colorado.
      210-240 S Elizabeth St, Elizabeth, CO 80107
      View Details
    • $2,300,000
      2,214 SF

      Commercial Land with Shop Building

      5.01 AC commercial land with shop building for sale.
      40900 Wind Spirit Ln, Elizabeth, CO
      View Details
    • $2,400,000
      1,855 SF

      Retail Property in Walmart Center

      Retail property with lease in Walmart anchored shopping center.
      2360 Legacy Cir, Elizabeth, CO 80107
      View Details
    • Contact for pricing
      10,000 SF

      Elizabeth Industrial Property For Sale

      Industrial property available for purchase in Elizabeth, Colorado.
      355 E Grant St, Elizabeth, CO 80107
      View Details
    • $600,000
      5.01 Acres

      Elizabeth, CO - 5 Acre Lot

      Rural 5-acre lot, 3-phase power available.
      35818 Crk 13, Elizabeth, CO 80107
      View Details
    • $2,200,000
      10,428 SF

      Elizabeth Multifamily Investment Opportunity

      12-Unit Apartment Complex, High Occupancy
      175 Spruce St, Elizabeth, CO 80107
      View Details
    • $650,000
      5.01 Acres

      Elizabeth Commercial Land - 5 Acres

      Prime commercial acreage in Elizabeth, CO. EDZ eligible.
      35812 Crk 13, Elizabeth, CO 80107
      View Details

    FAQs

    What type of property is this?
    Agricultural land - Homesite in a peaceful valley with views and natural features.
    Where is this agricultural land located?
    The property is located at 3619 Elizabeth St Elizabeth, CO.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Large acreage in Elbert County suitable for a new home, barndominium, or livestock.; - Peaceful, private location in a valley with easy access to Highway 83 and I25.; - Multiple walk-out building sites on a rolling meadow.
    (303) 841-0345
    Request Owner's contact information
    3619 Elizabeth St Elizabeth, CO 80107
    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.
    3619 Elizabeth St
    Elizabeth, CO 80107
    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
    3619 Elizabeth St Elizabeth, CO 80107
    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
    Janis Jensen
    (303) 841-0345
    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.