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    40 Whitetail Drive New Castle, CO 81647

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    Claim this Listing
    For Sale
    $850,000

    DUPLEX - New Castle, CO

    Property size:
    1,817 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $467/SF
    Added:
    Aug 18, 2025
    Days on Market:
    259
    Last Refresh:
    May 3 at 12:06 am

    Property Features for 40 Whitetail Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    PUD
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 2, Laundry Room, Bathroom 1, Laundry Room, Bedroom 1, Dining Room
    Parking
    2
    Fireplace
    1
    Basement
    Walk-Out Access
    Standard status
    Active
    APN
    212329404048
    Size
    1,817 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 48 Lakota Canyon Ranch, Filing 5 According to the plat thereof recorded October 19, 2006 as Reception No. 709283
    Tax Annual Amount
    2419

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2026
    Floors in Building
    2
    Building materials
    Wood Siding, Stone Veneer, Frame

    We can help!

    Listing Contact
    Michaela Cleveland

    Listing agent Michaela Cleveland

    Listing office Coldwell Banker Mason Morse-Aspen 620 E Hyman 103, Aspen, CO

    Listing date Aug 18, 2025

    MLS# 189778 Listing URL

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

    Overview

    New Construction Duplex in Lakota

    This half duplex, with construction starting in August 2025 and an estimated completion in June 2026, features mountain-style exterior finishes characteristic of the Lakota Canyon Ranch neighborhood. The 1,817.43 square foot home, designed by Kinghorn Consultants and built by G&R Construction, offers a floor plan and luxury finishes suited for modern living. The main floor includes an open layout encompassing the living room with a corner fireplace and access to a covered walkout patio, a dining room, and a kitchen with a pantry. A 2-car garage and laundry closet with a water closet are also located on this level. The upper level houses three bedrooms, including a primary suite with a walk-in closet and an ensuite full bath with a double vanity. Two guest bedrooms share a full bath in the hallway. Located in the Lakota Canyon Ranch neighborhood, the property is near an 18-Hole Championship Golf Course designed by James Engh and a Recreation Center with a clubhouse, fitness center, outdoor swimming pool, tennis and pickleball courts, and a playground. The property is situated on a 0.24-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Garfield
    State
    Colorado
    Longitude
    -107.516511
    Latitude
    39.581047

    Nearby Similar for Sale

    • $775,000
      2,015 SF

      Lakota Canyon Duplex with Views

      Immaculate duplex with high-end finishes and gorgeous views.
      88 Whitetail Drive, New Castle, CO 81647
      View Details
    • $765,000
      2,173 SF

      Duplex in Lakota with Golf Views

      Finished duplex with flexible floor plan and golf course views.
      60 Deer Valley Drive, New Castle, CO 81647
      View Details
    • $580,000
      1,620 SF

      Updated Duplex in Castle Ridge

      Move-in ready duplex with modern updates and low-maintenance yard.
      94 CASTLE RIDGE Drive, New Castle, CO 81647
      View Details

    FAQs

    What type of property is this?
    Single family property - New duplex in Lakota Canyon Ranch, completion June 2026.
    Where is this single family property located?
    The property is located at 40 Whitetail Drive New Castle, CO.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: New construction, move in June 2026 in Lakota Canyon Ranch, with mountain‑style exterior finishes.; Enjoy the 18‑Hole Championship Golf Course and Recreation Center with clubhouse, fitness center, outdoor pool, tennis/pickleball courts, and playground.; Open main floor layout features a living room with fireplace and walkout patio access, dining room, and kitchen with pantry.
    (970) 556-4710
    We can help!
    Listing Contact
    Michaela Cleveland
    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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    40 Whitetail Drive, New Castle, CO 81647

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