Half-Duplex Under
For Sale
$850,000
46 Whitetail Drive, New Castle, CO 81647
DUPLEX - New Castle, CO
Property Size1,822 SF
Lot Size0.24 Acres
Price / SF$466.52
Days on Market354
Property Features for 46 Whitetail Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
PUD
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Dining Room, Laundry Room, Bedroom 2, Laundry Room, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 3
Parking
2
Fireplace
1
Basement
Walk-Out Access
Subdivision
Lakota Canyon Ranch
Directions
From I-70 West, take exit 105 toward New Castle. Turn right onto Castle Valley Blvd. At the traffic circle, take the 2nd exit to continue on Castle Valley Blvd. Turn right onto Clubhouse Drive. Turn right onto Silverado Trail. Turn left onto Deer Valley Drive. Turn left onto Whitetail Drive. Homesite is the third lot on the right, to the left of 34 and 30 Whitetail Drive.
Standard status
Active
APN
212329404048
Size
1,822 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
HOA Fee
$105 Monthly
Legal Description
Lot 48 Lakota Canyon Ranch, Filing 5 According to the plat thereof recorded October 19, 2006 as Reception No. 709283
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
corner fireplace
covered walkout patio
pantry
Building Details
Year built
2026
Floors in Building
2
Building materials
Wood Siding, Stone Veneer, Frame
Listing Agency:
Coldwell Banker Mason Morse-Aspen · Coldwell Banker Real Estate
(970) 925-7000
Listed By:
Michaela Cleveland
(970) 556-4710
Added: Aug 18, 2025
Changed: Aug 1
Last Checked: Aug 6 at 6:06PM
MLS# 189777
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.
Investment Insights
Based on property information with market context.
Half-duplex under construction in a PUD zoning district with a proposed completion date of August 2026. The home is planned as a three-bedroom residence with an open main-level living layout, featuring a corner fireplace and access to a covered walkout patio. The main level also includes a dining room and kitchen with a designated pantry, plus a two-car garage and a laundry closet with a water closet for guest use.
Upstairs, the primary suite includes a walk-in closet and an ensuite full bath with a double vanity. Two additional guest bedrooms share a full hallway bath. The property is listed as a 1,821.7-square-foot home with forced-air heating, central air conditioning, wood siding and stone veneer/frame construction, and a public water source.
Located at 46 Whitetail Drive in New Castle, CO (Garfield County), the home is within Lakota Canyon Ranch, described as featuring an 18-hole championship golf course and a recreation center with clubhouse, fitness center, outdoor swimming pool, tennis and pickleball courts, and a playground.
Upstairs, the primary suite includes a walk-in closet and an ensuite full bath with a double vanity. Two additional guest bedrooms share a full hallway bath. The property is listed as a 1,821.7-square-foot home with forced-air heating, central air conditioning, wood siding and stone veneer/frame construction, and a public water source.
Located at 46 Whitetail Drive in New Castle, CO (Garfield County), the home is within Lakota Canyon Ranch, described as featuring an 18-hole championship golf course and a recreation center with clubhouse, fitness center, outdoor swimming pool, tennis and pickleball courts, and a playground.
Key Highlights
- Proposed completion date of August 2026
- 1,821.7‑square‑foot half‑duplex under construction
- PUD zoning and 0.24‑acre lot size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,864
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,280
$477.3K
Cap Rate 7%
$340,914
$340.9K
Cap Rate 9%
$265,156
$265.2K
Market Conditions
NOI Build-Up for 1,822 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.1K $19.80/SF
− Vacancy
−$2.0K −$1.09/SF
EGI
$34.1K $18.71/SF
− OpEx
−$10.2K −$5.61/SF
NOI
$23.9K $13.10/SF
Area
Garfield County, CO
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,280
Cap Rate 7%
$340,914
Cap Rate 9%
$265,156
Alternative Uses
Best Use
Multifamily LT 5
$340.9K
$298.3K – $397.7K
NOI $23,864 @ 7.0% cap · market cap 2.81%
Second Best
Apartment 5plus
$318.3K
$278.5K – $371.3K
NOI $22,279 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$477.2K
$417.5K – $556.7K
NOI $33,401 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 81647, CO
7,445
Population
2,808
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
95%
High-School Grad
284.9 sq mi
ZIP Area
26
Density / Sq Mi
$80,139
Median Household Income
$48,493
Median Earnings
$1,581
Median Rent
$470,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Half-duplex under construction in a PUD with central air, forced-air heat, and a fireplace.
Where is this duplex located?
The property is located at 46 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: Proposed completion date of August 2026; 1,821.7‑square‑foot half‑duplex under construction; PUD zoning and 0.24‑acre lot size
