Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ready-to-Build Lot in Perry Park Title is generated by Realmo AI

    5845 S Pike Drive, Larkspur, CO 80118

    View on Map
    Claim this Listing
    Pending
    $262,500

    LAND - Larkspur, CO

    Lot size:
    1.00 Acre
    Added:
    May 6, 2026
    Days on Market:
    21
    Last Refresh:
    May 26 at 9:06 pm

    Property Features for 5845 S Pike Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5521

    We can help!

    Listing Contact
    Dave Gardner
    Dave Gardner

    Listing agent Dave Gardner License #1081225

    Listing office Results Realty of Colorado 9164 Spruce Mountain Road, Larkspur, CO

    Listing date May 6, 2026

    MLS# 1627610 Listing URL

    Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ready‑to‑build, flat 1‑acre lot with southeast exposure.
    • All utilities and high‑speed internet are available at the paved, plowed road.
    • Located 1/2 mile from Perry Park Country Club and 12 minutes from Bear Dance Golf Club.
    • Easy commute to Denver Tech Center or Colorado Springs (15 minutes to I‑25).
    • Adjoins Pike National Forest, offering hiking and biking opportunities.
    • Corner pins located, staked, and flagged; newly recorded plat available.

    Overview

    This is a ready-to-build, southeast-facing 1-acre lot improved with Ponderosa Pines, located in Perry Park. The topography is flat, facilitating ease of construction and usability. All utilities, including municipal water and sewer, natural gas, phone, and electric service, are available at the road. The road is paved and maintained by Douglas County. High-speed internet via Comcast/Xfinity is also accessible at the street. The property is situated approximately half a mile from the Perry Park Country Club, which features an 18-hole championship golf course. Bear Dance Golf Club is a 12-minute drive away. There is no HOA, but covenants and county zoning restrictions apply. The minimum house size is 1,700 square feet above grade, excluding the basement or garage. I-25 is a 15-minute drive, providing convenient access to the Denver Tech Center or Colorado Springs. The location offers a tranquil environment near hiking and biking opportunities, with Perry Park adjoining the Pike National Forest.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Big Box & Wholesale Store Auto Repair Shop Auto Parts Store (Bike/Boat/Book/etc) Store Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Larkspur
    County
    Douglas
    State
    Colorado
    Longitude
    -104.9967416
    Latitude
    39.260907

    Nearby Similar for Sale

    • $950,000

      Larkspur Land with Mountain Views

      20-acre land parcel in Larkspur, Colorado with scenic views.
      3 S Perry Park Road, Larkspur, CO 80118
      View Details
    • $198,880

      Ready-to-Build Larkspur Lot

      One-acre lot backing to open space, ready to build.
      4144 Cheyenne Drive, Larkspur, CO 80118
      View Details
    • $110,000

      Larkspur Land with Mountain Views

      One-acre lot with mountain and golf course views.
      5967 Country Club Drive, Larkspur, CO 80118
      View Details
    • $199,900

      Ready-to-Build Lot in Perry Park

      One-acre lot backing to open space with red rock ridge.
      5498 Country Club Drive, Larkspur, CO 80118
      View Details
    • $199,500

      Ready-to-Build Lot with Red Rock

      One-acre lot with utilities, views, and no HOA.
      5760 Country Club Drive, Larkspur, CO 80118
      View Details
    • $600,000

      Larkspur Land with Water Rights

      35+ acres of land near Colorado Springs with water rights.
      14254 S Highway 83, Larkspur, CO 80118
      View Details
    • $1,000,000

      Larkspur Land with Water Rights

      62+ acre parcel near Colorado Springs with water rights.
      14252 S Highway 83, Larkspur, CO 80118
      View Details
    • $190,000

      Larkspur Land Ready to Build

      Nearly 1 acre lot with utilities in Perry Park.
      4885 Red Rock Drive, Larkspur, CO 80118
      View Details
    • $950,000

      Larkspur Mixed-Use Development Opportunity

      5.68-acre mixed-use site near I-25 in Larkspur, Colorado.
      8650 Spruce Mountain Rd, Larkspur, CO 80118
      View Details
    • $199,950

      Larkspur Ready-to-Build 1-Acre Lot

      South-facing 1-acre lot with utilities, rock formation, mountain views.
      7749 Inca Road, Larkspur, CO 80118
      View Details
    • $168,900

      Residential Lot Backing to Open Space

      One-acre ready-to-build residential lot in Perry Park.
      8139 Bannock Drive, Larkspur, CO 80118
      View Details
    • $425,000

      Larkspur Private Wooded Home Site

      Private 4.83-acre wooded homesite near Larkspur, Colorado.
      12778 Greenland Acres Road, Larkspur, CO 80118
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Flat 1-acre lot with utilities in Perry Park, Larkspur.
    Where is this residential land & home lot located?
    The property is located at 5845 S Pike Drive Larkspur, CO.
    What is the asking price?
    The asking price for this property is $262,500.
    What are key features of this property?
    This property features: Ready‑to‑build, flat 1‑acre lot with southeast exposure.; All utilities and high‑speed internet are available at the paved, plowed road.; Located 1/2 mile from Perry Park Country Club and 12 minutes from Bear Dance Golf Club.
    (303) 681-1000
    We can help!
    Listing Contact
    Dave Gardner
    Dave Gardner
    Real Estate License ID: 1081225
    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
    5845 S Pike Drive, Larkspur, CO 80118
    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!