Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 US HWY 40 Kremmling, CO 80459

    View on Map
    Claim this Listing
    For Sale
    $799,999

    LAND - Kremmling, CO

    Lot size:
    0.74 Acres
    Added:
    Sep 6, 2023
    Days on Market:
    970
    Last Refresh:
    May 2 at 12:06 pm

    Property Features for 501 US HWY 40

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    144108319004 & 144108319006
    Lot size
    0.74 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Subd: FIC ADDITION TO KREMMLING Lot: 6 - 15 Block: 12
    Tax Annual Amount
    3394

    We can help!

    Listing Contact
    Rebecca Ann Guthrie
    Rebecca Ann Guthrie

    Listing agent Rebecca Ann Guthrie License #40020013

    Listing office Re/Max Red PO Box 496, Kremmling, CO

    Listing date Sep 6, 2023

    MLS# 23-1016 Listing URL

    Copyright © 2026 Grand County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Opportunity

    This commercial land offers an exceptional opportunity at the corner of Highway 40 and Highway 9. The high-traffic, high-visibility corner lot is just under 3/4 of an acre and is zoned commercial. It offers a blank slate for business vision. Water and sewer taps (2 of each) are already paid. The previous structure had electric and gas in place, streamlining future development. The property is located in Kremmling, CO.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Kremmling
    County
    Grand
    State
    Colorado
    Longitude
    -106.389372
    Latitude
    40.059145

    Nearby Similar for Sale

    • $406,000
      10 SF

      New Duplex Development in Kremmling

      New construction duplexes with mountain views and outdoor recreation access.
      311 KINSEY, Kremmling, CO 80459
      View Details
    • $426,000
      1,074 SF

      New Duplex Development in Kremmling

      New construction duplex with mountain views and outdoor recreation access.
      341 KINSEY Avenue, Kremmling, CO 80459
      View Details
    • $426,000
      1,074 SF

      New Duplex in Grand Cliffs

      New construction duplex in Kremmling's Grand Cliffs development.
      343 KINSEY Avenue, Kremmling, CO 80459
      View Details
    • $1,450,000

      Kremmling Land with Development Potential

      23.4-acre parcel near Kremmling with development and agricultural potential.
      US HWY 40, Kremmling, CO 80459
      View Details
    • $426,000
      1,074 SF

      New Duplex in Grand Cliffs

      New construction duplex with garage near greenspace in Kremmling, CO.
      313 Kinsey Avenue, Kremmling, CO 80459
      View Details
    • $471,776
      1,518 SF

      Updated Ranch in Kremmling, CO

      Move-in ready ranch with modern updates and private outdoor space.
      503 N 12TH, Kremmling, CO 80459
      View Details
    • $398,000
      1,074 SF

      New Kremmling Duplex Development

      New construction duplexes with mountain views and outdoor recreation access.
      321 KINSEY Avenue, Kremmling, CO 80459
      View Details
    • $180,000

      Kremmling Commercial Land For Sale

      Vacant commercial land with highway visibility and easy access.
      1689 EAGLE Avenue, Kremmling, CO 80459
      View Details
    • $865,000
      3,470 SF

      Ranch Home with Mountain Views

      Spacious 5-bedroom home on 5+ acres, horse-friendly, no HOA.
      73 GCR 1931, Kremmling, CO 80459
      View Details
    • $950,000

      Kremmling Commercial Property Opportunity

      Versatile commercial property with brewing and distillery equipment included.
      207 Central Avenue, Kremmling, CO 80459
      View Details
    • $1,490,000

      Historic Boutique Hotel Investment Opportunity

      Updated hotel with income potential in prime location.
      104 S 2nd St, Kremmling, CO 80459
      View Details
    • $59,999

      Kremmling Land with Mountain Views

      5+ acre vacant land near National Forest with mountain views.
      1861 GCR 19, Kremmling, CO 80459
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-traffic corner lot in Kremmling, ready for development.
    Where is this commercial land located?
    The property is located at 501 US HWY 40 Kremmling, CO.
    What is the asking price?
    The asking price for this property is $799,999.
    What are key features of this property?
    This property features: Prime corner lot location at the intersection of Highway 40 and Highway 9.; High‑traffic and high‑visibility location.; Zoned commercial, suitable for various business ventures.
    (970) 485-4141
    We can help!
    Listing Contact
    Rebecca Ann Guthrie
    Rebecca Ann Guthrie
    Real Estate License ID: 40020013
    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

    501 US HWY 40, Kremmling, CO 80459

    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!