Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mountain Lot with Denver Views Title is generated by Realmo AI

    429 Sawmill Lane, Idaho Springs, CO 80452

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $349,000

    2.13-acre mountain lot with completed improvements and Denver skyline views.

    Added:
    Apr 24, 2025
    Days on Market:
    388
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 429 Sawmill Lane

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    BLAKE MINGER

    Listing agent BLAKE MINGER

    Listing office HOMESMART REALTY

    Listing date Apr 24, 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 HOMESMART REALTY

    HighLights

    • Well, septic system, excavation, and tree clearing are already completed, saving significant time and money.
    • Building and excavation permits are secured, allowing immediate commencement of construction.
    • Enjoy breathtaking mountain views and stunning Denver skyline views.
    • Direct access to 4WD trails leading into the national forest.
    • Unbeatable privacy due to the property consisting of three lots (2.13 acres) and limited road access.
    • Architectural plans drafted for a two‑story walkout home.

    Overview

    This 2.13-acre mountain lot offers views of the Denver skyline and is ready for building. Key improvements include a well with a recently replaced pump and a septic system. Extensive excavation work and tree clearing have already been completed. Architectural plans have been drafted for a two-story walkout home. Building and excavation permits have been secured, allowing construction to begin immediately. The property consists of three separate lots, offering privacy, and the maintained road ends shortly after the driveway entrance. Access to 4WD trails leading into the national forest. This property is located near the national forest.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Accounting Firm HVAC Service Kitchen & Bath Showroom Tech Support Center Home Appliance Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Springs
    County
    Clear Creek
    State
    Colorado
    Longitude
    -105.49
    Latitude
    39.6925

    Nearby Similar for Sale

    • $650,000
      2,470 SF

      Idaho Springs Retail/Office Building

      Well-located commercial building in historic downtown Idaho Springs.
      1531 Colorado Blvd, Idaho Springs, CO 80452
      View Details
    • $1,100,000

      Idaho Springs Restaurant and Real Estate

      Turn-key restaurant with real estate in a desirable location.
      2805 Colorado Blvd, Idaho Springs, CO 80452
      View Details
    • $1,250,000
      5,154 SF

      Established Restaurant Opportunity in Idaho

      Turn-key restaurant and real estate for sale in Idaho Springs.
      2805 Colorado Boulevard, Idaho Springs, CO 80452
      View Details
    • $1,500,000
      3,191 SF

      Prime Idaho Springs Development Opportunity

      High-traffic location ideal for multi-family or mixed-use development.
      2757 Colorado Boulevard, Idaho Springs, CO 80452
      View Details
    • $33,900

      Mountain Lot Near St. Mary's

      0.33-acre mountain lot near St. Mary's Glacier.
      39 Glory Hole Rd, Idaho Springs, CO 80452
      View Details
    • $650,000
      2,470 SF

      Idaho Springs Office Building For Sale

      Well-located commercial office building in historic downtown Idaho Springs.
      1531 Colorado Blvd, Idaho Springs, CO 80452
      View Details
    • $30,000

      Wooded Mountain Parcel Near I-70

      Wooded, sloped parcel near Idaho Springs with year-round access.
      Lot 89 Mine Rd, Idaho Springs, CO 80453
      View Details
    • $195,000

      Two-Acre Mountain Parcel For Sale

      Two-acre mountain parcel near Fall River and St. Mary's Glacier.
      004 Rainbow Rd, Idaho Springs, CO 80452
      View Details
    • $59,500

      Idaho Springs Mountain Retreat Lot

      Secluded mountain lot near St. Mary's Glacier.
      611 Silver Creek Rd, Idaho Springs, CO 80452
      View Details
    • $1,395,000
      3,340 SF

      Idaho Springs Multifamily Investment Opportunity

      Multifamily property in scenic Idaho Springs with mountain views.
      4850 S. Spring Gulch Road, Idaho Springs, CO 80452
      View Details
    • $175,000

      Mountain Land Near Denver

      4.18 acres of build-ready mountain land near Denver.
      1513 Chinook, Idaho Springs, CO 80452
      View Details
    • $125,000
      166,399 SF

      Secluded Land in Mining District

      Secluded property with mountain views and development potential.
      4-1 Lamartine Road, Idaho Springs, CO 80452
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.13-acre mountain lot with completed improvements and Denver skyline views.
    Where is this residential land & home lot located?
    The property is located at 429 Sawmill Lane Idaho Springs, CO.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Well, septic system, excavation, and tree clearing are already completed, saving significant time and money.; Building and excavation permits are secured, allowing immediate commencement of construction.; Enjoy breathtaking mountain views and stunning Denver skyline views.
    We can help!
    Listing Contact
    BLAKE MINGER
    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
    429 Sawmill Lane, Idaho Springs, CO 80452
    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!