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    Beautiful Mountain Property with Electricity Title is generated by Realmo AI

    384 Cathy Drive, Hartsel, CO 80449

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    Claim this Listing
    For Sale
    $32,000

    6-acre parcel with electricity, panoramic views, and recreational amenities.

    Type:Land or Vacant Lot
    Added:
    Jun 20, 2025
    Days on Market:
    350
    Last Refresh:
    Apr 5 at 8:46 pm

    Property Features for 384 Cathy Drive

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    LISA LOPRESTI

    Listing agent LISA LOPRESTI License #IA40028318

    Listing office RE/MAX NEXUS

    Listing date Jun 20, 2025

    Source Corcoran

    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 RE/MAX NEXUS

    HighLights

    • Large 6‑acre fenced parcel with electricity available, suitable for recreation or permanent residence.
    • Located in Wildwood Recreational Village with maintained roads and amenities like a stocked fishing lake and playground.
    • Panoramic views from the property's hill, providing a sense of seclusion and natural beauty.
    • Easy access and convenient location, just off CR 15, a short drive from Hartsel and Fairplay.
    • Bordered on the East by Pike National Forest, offering hiking, biking, and exploring opportunities.
    • Proximity to outdoor activities such as gold medal fishing, rock climbing, river rafting, and skiing in nearby locations.

    Overview

    This beautiful 6-acre parcel offers easy access and desirable mountain property features. Electricity is available at the rear of the property. The land is shaped like a pizza pie, with the 'crust side' providing road frontage. The entire 6 acres is enclosed by barbed wire fencing. The property offers panoramic views. Located in Wildwood Recreational Village, which spans over 3500 acres of low-lying hills, valleys, and plains, it is bordered on the East by Pike National Forest. This subdivision is known for its charm and seclusion, while being located a few miles from Hartsel and approximately 18 miles from the Town of Fairplay. The grounds are well-maintained and there is an onsite caretaker. Amenities include a stocked fishing lake, hiking, and biking. Gold Medal fishing is nearby, along with three Reservoirs and the South Platte River. Buena Vista, Fairplay, and Breckenridge are also within driving distance. Wildwood REC Village maintains roads year-round, making this area suitable for getaways and permanent residence. RV storage, a dump station, a fire house, public restrooms, and a playground are available. The property is located off CR 15, approximately 30 minutes outside of Fairplay.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Hartsel
    County
    Park
    State
    Colorado
    Longitude
    -105.713
    Latitude
    38.8787

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    FAQs

    What type of property is this?
    Land - 6-acre parcel with electricity, panoramic views, and recreational amenities.
    Where is this land located?
    The property is located at 384 Cathy Drive Hartsel, CO.
    What is the asking price?
    The asking price for this property is $32,000.
    What are key features of this property?
    This property features: Large 6‑acre fenced parcel with electricity available, suitable for recreation or permanent residence.; Located in Wildwood Recreational Village with maintained roads and amenities like a stocked fishing lake and playground.; Panoramic views from the property's hill, providing a sense of seclusion and natural beauty.
    970295476
    We can help!
    Listing Contact
    LISA LOPRESTI
    Real Estate License ID: IA40028318
    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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