Your AI Navigator in Commercial Real Estate
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

    455 Spruce Dr Leadville, CO 80461

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $69,000

    0.3-acre wooded lot in Twin Lakes community with mountain views.

    Lot size:
    0.38 Acres

    Property Features for 455 Spruce Dr

    General Information

    Lot size
    0.38 Acres

    We can help!

    Listing Contact
    Jolanta Wencel
    Source: Kw

    Listing Agent: Jolanta Wencel

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

    Learn more

    Property Insight Report

    Overview

    Wooded Lot with Mountain Views

    This 0.3-acre wooded lot is located in the Twin Lakes community. The level property features natural clearings suitable for building. Towering pines surround the property, which offers mountain views. Maintained roads and winter snow removal are provided by the HOA. Mineral rights are included with the property. Lake access is nearby for fishing, boating, and paddle boarding, along with trails for hiking and biking. The property is located 15 minutes from Leadville, 25 minutes from Buena Vista, and 45 minutes from Aspen via Independence Pass (open in summer).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Leadville
    County
    Lake
    State
    Colorado
    Longitude
    -106.343068
    Latitude
    39.112402

    Nearby Similar for Sale

    • $289,000

      Historic Downtown Commercial Opportunity

      Historic building in downtown Leadville, brimming with potential.
      200 E 6Th St, Leadville, CO 80461
      View Details
    • $2,275,000

      Leadville Townhome Units For Sale

      Seven townhome units in Leadville near downtown and recreational trail.
      921 Mount Massive Dr, Leadville, CO 80461
      View Details
    • $2,250,000

      Leadville Specialty Property For Sale

      Specialty property available for purchase in Leadville, Colorado.
      E Tennessee Rd, Leadville, CO 80461
      View Details
    • $625,000
      0.21 Acres

      Leadville Commercial Property: Prime Location

      Rare 3-lot commercial/residential building.
      121 4Th St, Leadville, CO 80461
      View Details
    • $1,150,000
      5,602 SF

      Leadville Retail Space: Prime Location

      High-traffic retail space, 5,602 sq ft.
      331 Us-24, Leadville, CO 80461
      View Details
    • $2,450,000
      912 SF

      Leadville Townhome Investment Opportunity

      Seven remodeled townhomes, prime Leadville location.
      921 Mount Massive Dr, Leadville, CO 80461
      View Details
    • $2,360,000
      912 SF

      Leadville Townhome Investment Opportunity

      Seven-unit townhome complex, prime location
      921 Mount Massive Dr, Leadville, CO 80461
      View Details
    • $999,900
      35.38 Acres

      Leadville Commercial Ranch - 35 Acres

      Historic Ranch, Huge Potential, 35 Acres
      5801 Hwy, Leadville, CO 80461
      View Details
    • $975,000
      0.06 Acres

      Leadville's Iconic Manhattan Building

      Historic Commercial Property, High Returns
      616 Harrison Ave, Leadville, CO 80461
      View Details

    FAQs

    What type of property is this?
    Land - 0.3-acre wooded lot in Twin Lakes community with mountain views.
    Where is this land located?
    The property is located at 455 Spruce Dr Leadville, CO.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: - Stunning mountain views and a beautiful 0.3-acre wooded lot in the desirable Twin Lakes community.; - Level property with natural clearings, ideal for building.; - Maintained roads and winter snow removal provided by the HOA for year-round access.
    (888) 774-1198
    Request Owner's contact information
    455 Spruce Dr Leadville, CO 80461
    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.
    455 Spruce Dr
    Leadville, CO 80461
    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
    455 Spruce Dr Leadville, CO 80461
    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
    Jolanta Wencel
    Real Estate License ID: 3998651
    (888) 774-1198
    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.