Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6.7 Acres Ready for Development Title is generated by Realmo AI

    377 Color Sweet Drive, Cotopaxi, CO 81223

    View on Map
    Claim this Listing
    For Sale
    $84,000

    6.7 acres with well, power, and scenic views.

    Type:Land / Unimproved Land
    Property size:
    291,852 SF
    Lot size:
    6.70 Acres
    Price / SF:
    $0.29/SF
    Added:
    Apr 10, 2025
    Days on Market:
    422
    Last Refresh:
    Mar 13 at 3:33 pm

    Property Features for 377 Color Sweet Drive

    General Information

    Standard status
    Active
    Size
    291,852 SF
    Lot size
    6.70 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Tyson Cool

    Listing agent Tyson Cool License #100071259

    Listing office Properties of Colorado Real Estate Inc

    Listing date Apr 10, 2025

    Source Compass

    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 Properties of Colorado Real Estate Inc

    HighLights

    • 6.7‑acre lot provides ample space for building, ranching, or recreation.
    • Well is already in place.
    • Power is available at the road.
    • Scenic bluff spots offer beautiful views and sunsets.
    • Located just a quarter mile off the paved road.
    • Suitable for grazing.

    Overview

    This 6.7-acre property is located a quarter mile from the paved road. It features a well and power at the road. The property offers space for building, ranching, or recreation. Potential building sites range from level areas to scenic bluff spots suitable for capturing views and sunsets. The lot has mountainous and sloped characteristics and is suitable for grazing. It is located in a cul-de-sac. The zoning is R-1. The property is located within the Cotopaxi RE-3 school district, encompassing the elementary, middle, and high school districts.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Cotopaxi
    County
    Fremont
    State
    Colorado
    Longitude
    -105.4812026
    Latitude
    38.3394163

    Nearby Similar for Sale

    • $829,000

      Highway Commercial Property Near Arkansas River

      Remodeled commercial property with highway access and Arkansas River views.
      27077 Highway 50, Cotopaxi, CO 81223
      View Details
    • $4,000,000
      4,806 SF

      Colorado Ranch with Mountain Views

      170-acre ranch featuring a 4,806sf home near Salida, Colorado.
      2490 County Road 1A, Cotopaxi, CO 81223
      View Details
    • $1,195,000

      Multifamily Investment in Cotopaxi, CO

      7-unit apartment complex with land, parking, and strong rental demand.
      20180 Us Highway 50, Cotopaxi, CO 81223
      View Details
    • $1,195,000

      Multifamily Investment Opportunity in Cotopaxi

      Seven-unit apartment complex with land, parking, and strong rental demand.
      20180 Us Highway 50, Cotopaxi, CO 81223
      View Details
    • $179,000

      Improved Land with Mountain Views

      10-acre property with well, power, septic, shop, and mountain views.
      1725 I Path, Cotopaxi, CO 81223
      View Details
    • $110,000

      Spruce Basin 10-Acre Land Parcel

      10 acres near public lands, sheds, well, and mountain views.
      173 Homestead Road, Cotopaxi, CO 81223
      View Details
    • $659,000

      Rural Residential Land Parcel

      Rural residential lot with designated building envelope and expansive valley and mountain views.
      1300 Running Bear, Cotopaxi, CO 81223
      View Details
    • $210,000

      Land with Mountain Views

      35+ acre land near Westcliffe, Colorado, with hiking trails.
      345 Ridgeway Road, Cotopaxi, CO 81223
      View Details
    • $210,000

      Land with Mountain Views

      35+ acres near Westcliffe with established trails and utilities.
      345 Ridgeway Rd., Cotopaxi, CO 81223
      View Details
    • $119,000

      Colorado Mountain Land with Cabin

      Private 4.5+ acre mountain property with cabin and utilities.
      1738 12th Trail, Cotopaxi, CO 81223
      View Details
    • $119,000

      Colorado Mountain Land with Views

      Private 4.5+ acre mountain property with well and septic.
      1738 12th Trail, Cotopaxi, CO 81223
      View Details
    • $179,000

      Land Parcel in Gated Community

      35-acre land parcel with privacy and BLM access.
      Snowy way, Cotopaxi, CO 81223
      View Details

    FAQs

    What type of property is this?
    Land - 6.7 acres with well, power, and scenic views.
    Where is this land located?
    The property is located at 377 Color Sweet Drive Cotopaxi, CO.
    What is the asking price?
    The asking price for this property is $84,000.
    What are key features of this property?
    This property features: 6.7‑acre lot provides ample space for building, ranching, or recreation.; Well is already in place.; Power is available at the road.
    (719) 431-9164
    We can help!
    Listing Contact
    Tyson Cool
    Real Estate License ID: 100071259
    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
    377 Color Sweet Drive, Cotopaxi, CO 81223
    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!