Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    2.6 Acre Mountain Property Title is generated by Realmo AI

    Lot 542 Forbes Park, Fort Garland, CO 81133

    View on Map
    Claim this Listing
    For Sale
    $33,333

    Build-ready mountain property in Forbes Park, Fort Garland, Colorado.

    Type:Land / Unimproved Land
    Property size:
    117,612 SF
    Lot size:
    2.70 Acres
    Price / SF:
    $0.28/SF
    Added:
    Jan 29, 2026
    Days on Market:
    127
    Last Refresh:
    Mar 17 at 5:58 am

    Property Features for Lot 542 Forbes Park

    General Information

    Standard status
    Active
    Size
    117,612 SF
    Lot size
    2.70 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Paul Machmuller
    Paul Machmuller

    Listing agent Paul Machmuller License #40042379

    Listing office Code of the West Real Estate

    Listing date Jan 29, 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 Code of the West Real Estate

    HighLights

    • Build‑ready 2.6/2.7 Acre lot with designated homesite, cleared trees, and rough‑in driveway.
    • Permitted septic system installed in 2023.
    • Fiber internet available at no cost; well‑positioned for solar; electricity nearby.
    • Located in gated community (Forbes Park) with road maintenance provided.
    • Close proximity to Wagon Creek access and community center (showers and water).
    • Abundant wildlife (elk, deer) on the property.

    Overview

    Lot 542 is a 2.6-acre mountain property located in the gated community of Forbes Park, just outside Ft Garland, Colorado. The property is well on its way to being build-ready, featuring a designated homesite, cleared trees, and a rough-in driveway for access. A permitted septic system was installed in 2023. Fiber internet is available in the road and can be brought in at no cost. The lot is well-positioned for solar, and electricity is located a short distance away. Future owners can drill a well. The land is located near Wagon Creek access. Wildlife such as elk and deer frequent the area. The community center, offering showers and water, is a short drive away. The property provides quick access to the front gate, with road maintenance provided by the LOA. Located near Blanca, Fort Garland, and Alamosa, this property offers an opportunity to own usable mountain property in Southern Colorado. The lot features include fire mitigation, meadow, mountainous terrain, and a rolling slope. The lot size is 2.70 acres, equivalent to 117612 square feet. The zoning is R, under the jurisdiction of the County. School districts include Sierra Grande R-30 for elementary, middle/junior, and high school.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Garland
    County
    Costilla
    State
    Colorado
    Longitude
    -105.212168
    Latitude
    37.487495

    Nearby Similar for Sale

    • $124,900

      6.1 Acres in Fort Garland

      Land with utilities and panoramic views in Fort Garland, CO.
      Riccardo Ln, Fort Garland, CO 81133
      View Details
    • $120,000

      Land in Fort Garland, CO

      44.11 acre land parcel for sale in Fort Garland.
      Nordman Drive, Fort Garland, CO 81133
      View Details
    • $14,500

      Mountain View Land in Forbes Park

      1.32-acre corner lot with mountain views in Forbes Park.
      1185 Bechtel Place, Fort Garland, CO 81133
      View Details
    • $12,700

      Forbes Park Mountain Land Parcel

      1.57-acre lot in Forbes Park near Fort Garland, Colorado.
      Cary Ln lot: 1644, Fort Garland, CO 81133
      View Details
    • $12,700

      Forbes Park Mountain Land Parcel

      1.6-acre lot in Forbes Park near Fort Garland, Colorado.
      Korlkoff Ln lot: 1925, Fort Garland, CO 81133
      View Details
    • $12,700

      Fort Garland Land in Forbes Park

      1.86-acre lot in gated community near San Isabel National Forest.
      Douglas Lane lot: 1596, Fort Garland, CO 81133
      View Details
    • $9,900

      Forbes Park Mountain Land Parcel

      1.29-acre lot in gated community near San Isabel National Forest.
      Sigler Dr lot: 2124, Fort Garland, CO 81133
      View Details
    • $9,900

      Forbes Park Mountain Land Parcel

      1.47-acre lot in Forbes Park near Fort Garland, Colorado.
      Emery Loop lot: 1626, Fort Garland, CO 81133
      View Details
    • $9,900

      Forbes Park Land Opportunity

      1.53-acre lot in gated community near San Isabel National Forest.
      Mulligan lot: 459, Fort Garland, CO 81133
      View Details
    • $9,900

      Forbes Park Land Opportunity

      1.69-acre lot in Forbes Park near Fort Garland, Colorado.
      Emery Loop lot: 646, Fort Garland, CO 81133
      View Details
    • $34,900

      Land with Creek Frontage

      5+ acre parcel featuring Indian Creek.
      Lot 7542 Indian Creek Rd, Fort Garland, CO 81133
      View Details
    • $18,000

      5 Acres Ready to Go

      5 acres near Mountain Home Reservoir, ready for development.
      00 Paine Rd N, Fort Garland, CO 81133
      View Details

    FAQs

    What type of property is this?
    Land - Build-ready mountain property in Forbes Park, Fort Garland, Colorado.
    Where is this land located?
    The property is located at Lot 542 Forbes Park Fort Garland, CO.
    What is the asking price?
    The asking price for this property is $33,333.
    What are key features of this property?
    This property features: Build‑ready 2.6/2.7 Acre lot with designated homesite, cleared trees, and rough‑in driveway.; Permitted septic system installed in 2023.; Fiber internet available at no cost; well‑positioned for solar; electricity nearby.
    (719) 240-0433
    We can help!
    Listing Contact
    Paul Machmuller
    Paul Machmuller
    Real Estate License ID: 40042379
    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
    Lot 542 Forbes Park, Fort Garland, CO 81133
    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!