Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Parcel Bordering National Forest Title is generated by Realmo AI

    540 Elkridge Road, Red Feather Lakes, CO 80545

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

    40-acre land parcel with abundant wildlife and southern exposure.

    Type:Land / Unimproved Land
    Lot size:
    40.00 Acres
    Added:
    May 17, 2026
    Days on Market:
    20
    Last Refresh:
    May 27 at 12:30 pm

    Property Features for 540 Elkridge Road

    General Information

    Standard status
    Active
    Lot size
    40.00 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Casey Stayman

    Listing agent Casey Stayman License #100068375

    Listing office Hayden Outdoors - Windsor

    Listing date May 17, 2026

    Source Compass

    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 Hayden Outdoors - Windsor

    HighLights

    • 40 acres bordered by National Forest on two sides.
    • Abundant wildlife and two ponds.
    • Large views to the south and southern exposure.
    • Suitable for weekend hide‑out or building a dream home.
    • Located in the northwestern corner of Crystal Lakes.
    • Gate at road is on recorded easement.

    Overview

    This is a 40-acre parcel of land situated in the northwestern corner of Crystal Lakes. The property is bordered by National Forest on two sides. It features abundant wildlife, two ponds, and southern exposure. The land offers large views to the south. A gate at the road provides access via a recorded easement. This property could be suitable for a weekend hide-out or building a dream home.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Red Feather Lakes
    County
    Larimer
    State
    Colorado
    Longitude
    -105.6835394
    Latitude
    40.8667546

    Nearby Similar for Sale

    • $1,200,000
      2,740 SF

      Commercial Building Overlooking Mountain Lakes

      Commercial building with development potential in Red Feather Lakes, Colorado.
      92 Hiawatha Hwy, Red Feather Lakes, CO 80545
      View Details
    • $89,000

      Mountain Sanctuary in Crystal Lakes

      1.6-acre vacant lot with recreational amenities and mountain views.
      227 Micmac Dr, Red Feather Lakes, CO 80545
      View Details
    • $145,000

      Scenic 5-Acre Corner Lot

      Residential lot in Crystal Lakes with creek access.
      43 Chetco Ct, Red Feather Lakes, CO 80545
      View Details
    • $78,900

      Mountain Paradise Land For Sale

      1.56 acre land near Roosevelt National Forest.
      726 Micmac Dr, Red Feather Lakes, CO 80545
      View Details
    • $190,000

      Red Feather Lakes Land Opportunity

      Two adjacent lots near national forest with mountain views.
      115 Wenro Ct, Red Feather Lakes, CO 80545
      View Details
    • $165,000

      Improved Recreational Land in Crystal Lakes

      1.47 acre lot with utilities and community amenities.
      5481 N County Road 73C, Red Feather Lakes, CO 80545
      View Details
    • $144,900

      Land Backing Roosevelt National Forest

      Recreational land parcel with direct National Forest access.
      528 Lone Pine Lake Dr, Red Feather Lakes, CO 80545
      View Details
    • $150,000

      Improved Lot in Crystal Lakes

      1.39 acre lot with improvements ready for outdoor enjoyment.
      5449 N County Road 73C, Red Feather Lakes, CO 80545
      View Details
    • $149,950

      Red Feather Lakes Building Site

      1.9-acre building site in Fox Acres Country Club.
      1001 Fox Acres Dr E, Red Feather Lakes, CO 80545
      View Details
    • $94,975

      Red Feather Lakes Land Parcel

      2.46 acre lot near Red Feather Lakes, Colorado.
      137 Cimarron Rd, Red Feather Lakes, CO 80545
      View Details
    • $189,500

      Red Feather Lakes Land Parcel

      2.27 acre lot near Crystal Lake with power post.
      2581 Shoshoni Dr, Red Feather Lakes, CO 80545
      View Details
    • $91,500

      Red Feather Lakes Land

      1.52 acres for camping, fishing, and future building.
      90 Quapaw Ct, Red Feather Lakes, CO 80545
      View Details

    FAQs

    What type of property is this?
    Land - 40-acre land parcel with abundant wildlife and southern exposure.
    Where is this land located?
    The property is located at 540 Elkridge Road Red Feather Lakes, 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: 40 acres bordered by National Forest on two sides.; Abundant wildlife and two ponds.; Large views to the south and southern exposure.
    (970) 219-4647
    We can help!
    Listing Contact
    Casey Stayman
    Real Estate License ID: 100068375
    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
    540 Elkridge Road, Red Feather Lakes, CO 80545
    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!