Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gently Sloping Lot with Views Title is generated by Realmo AI

    616 Aspen Drive, Silverthorne, CO 80498

    View on Map
    Claim this Listing
    For Sale
    $550,000

    Land with lake and mountain views, easy access to town.

    Type:Land or Vacant Lot
    Added:
    Apr 4, 2026
    Days on Market:
    61
    Last Refresh:
    Apr 4 at 8:27 pm

    Property Features for 616 Aspen Drive

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    KERRI KARCZ

    Listing agent KERRI KARCZ License #040002580

    Listing office COLORADO R.E. SUMMIT COUNTY

    Listing date Apr 4, 2026

    Source Corcoran

    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 COLORADO R.E. SUMMIT COUNTY

    HighLights

    • Stunning Buffalo Mountain views from the front and lake views from the back.
    • Gentle sloping lot with easy road access and exceptional usability.
    • Trailhead conveniently located directly across the street.
    • Only three minutes to town, offering both convenience and a peaceful mountain feel.
    • Easy building site without dramatic grading required.
    • Beautiful mix of aspens and pine providing character and privacy.

    Overview

    This gently sloping lot features easy road access and usability throughout. The property offers lake views from the back and Buffalo Mountain views from the front. A trailhead is located across the street. The land includes a mix of aspens and pine, providing character and privacy. The terrain allows for building without significant grading. Located three minutes from town, the property offers a mountain feel and scenery.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Nail Salon Furniture & Home Goods Shopping Center & Mall Daycare Center Acupuncture Pet Grooming Service Department Store Mobile Phone Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Silverthorne
    County
    Summit
    State
    Colorado
    Longitude
    -106.106
    Latitude
    39.7695

    Nearby Similar for Sale

    • $2,275,000
      2,509 SF

      Four-Bedroom Home in Summit Sky

      Contemporary four-bedroom home with mountain views and community amenities.
      1342 Maryland Creek Road, SILVERTHORNE, CO 80498
      View Details
    • $2,395,000
      2,202 SF

      Waterfront Living in Silverthorne, Colorado

      Luxury mountain retreat with private pond access and mountain views.
      217 Fly Line Drive, SILVERTHORNE, CO 80498
      View Details
    • $385,000
      1,300 SF

      Versatile Warehouse Condo For Sale

      Conveniently located warehouse condo with flexible space and high ceilings.
      220 Buffalo Mountain Drive, SILVERTHORNE, CO 80498
      View Details
    • $1,095,000
      2,304 SF

      Spacious Silverthorne Home, No HOA

      Five-bedroom home in Silverthorne with mountain views and private yard.
      51 Sauterne Lane, SILVERTHORNE, CO 80498
      View Details
    • $349,900

      Silverthorne Land Backing to Wilderness

      Land near Silverthorne backing to wilderness with wildlife.
      1116 Blue Ridge Road lot: 14, SILVERTHORNE, CO 80498
      View Details
    • $650,000

      Silverthorne Land with Mountain Views

      Residential land in Silverthorne, Colorado, with recreational opportunities.
      190 Easy Bend Trail lot: 97, SILVERTHORNE, CO 80498
      View Details
    • $765,000

      Silverthorne Land Backing National Forest

      Rare 1+ acre homesite for a private mountain retreat.
      2635 Hunters Knob Road lot: 30, SILVERTHORNE, CO 80498
      View Details
    • $550,000

      Silverthorne Land with Mountain Views

      Half-acre lot with views, privacy, and firewise community benefits.
      412 Lakeview Drive lot: 15, SILVERTHORNE, CO 80498
      View Details
    • $460,000
      1,253 SF

      Silverthorne Warehouse Condo For Sale

      1,253 SF warehouse condo in Silverthorne, Colorado.
      220 Buffalo Mountain Drive #101, Silverthorne, CO 80497
      View Details
    • $599,000

      Office with Garage and Loft

      Office unit featuring garage bay, mezzanine loft, and mountain views.
      256 Annie Road #A, Silverthorne, CO 80498
      View Details
    • $998,000
      2,138 SF

      Commercial

      221 Warren Avenue #1, Silverthorne, CO 80498
      View Details
    • $719,900
      1,159 SF

      Retreat on the Blue Condo

      Ground-floor condo near skiing, fishing, and Silverthorne amenities.
      850 Blue River Parkway E7, Silverthorne, CO 80498
      View Details

    FAQs

    What type of property is this?
    Land - Land with lake and mountain views, easy access to town.
    Where is this land located?
    The property is located at 616 Aspen Drive Silverthorne, CO.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Stunning Buffalo Mountain views from the front and lake views from the back.; Gentle sloping lot with easy road access and exceptional usability.; Trailhead conveniently located directly across the street.
    (970) 368-4400
    We can help!
    Listing Contact
    KERRI KARCZ
    Real Estate License ID: 040002580
    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
    616 Aspen Drive, Silverthorne, CO 80498
    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!