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    Roaring Judy Ranch: 455 Acres Title is generated by Realmo AI

    623 County Road 813, Almont, CO 81210

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    Claim this Listing
    For Sale
    $5,750,000

    455-acre ranch near Crested Butte with water rights.

    Type:Land or Vacant Lot
    Property size:
    14,268 SF
    Lot size:
    455.00 Acres
    Price / SF:
    $402/SF
    Added:
    Dec 29, 2025
    Days on Market:
    157
    Last Refresh:
    Apr 5 at 9:29 pm

    Property Features for 623 County Road 813

    General Information

    Standard status
    Active
    Size
    14,268 SF
    Lot size
    455.00 Acres
    Property subtype
    Land or Vacant Lot

    Building Details

    Year Built
    1949

    We can help!

    Listing Contact
    DAN MURPHY

    Listing agent DAN MURPHY

    Listing office M4 RANCH GROUP, LLC

    Listing date Dec 29, 2025

    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 M4 RANCH GROUP, LLC

    HighLights

    • 455‑acre ranch with 75 c.f.s. of decreed water rights for extensive irrigation.
    • Significant wildlife habitat for elk, mule deer, moose, and black bear within Game Management Unit 55.
    • Potential for controlled development with a three‑acre building envelope plus a ten‑acre envelope allowing up to three additional residences.
    • Includes a three‑bedroom residence, horse barn, historic hay barns, workshop, and multiple outbuildings.
    • Strategically located between Crested Butte and Gunnison, with convenient access to Highway 135 and the Gunnison‑Crested Butte Airport.
    • Near Crested Butte Mountain Resort, Taylor Canyon, and Western Colorado University.

    Overview

    Roaring Judy Ranch is a 455-acre property situated in the East River Valley near Crested Butte. It features productive ranchland, significant water rights, and diverse wildlife habitat. The ranch benefits from extensive irrigated acreage supported by 75 c.f.s. of decreed water rights, ensuring year-round irrigation. Existing improvements include a three-bedroom residence, a horse barn, historic log hay barns, loafing sheds, corrals, a 2,400 square-foot equipment workshop, and 12 additional outbuildings. The property is located within Game Management Unit 55, which supports populations of elk, mule deer, moose, and black bear. A conservation easement is in place, maintaining the integrity of the land while allowing for controlled development within a three-acre building envelope along Roaring Judy Creek and a ten-acre envelope, providing the potential for up to three additional residences. Roaring Judy Ranch is suitable for those seeking a well-established agricultural operation, a hunting property, or a long-term land investment. The property is strategically positioned between Crested Butte and Gunnison, one mile from Highway 135, providing convenient access to regional amenities. The Gunnison-Crested Butte Airport offers major airline connections. Western Colorado University in Gunnison brings educational and cultural opportunities to the area, while Crested Butte Mountain Resort offers world-class skiing and recreation. Taylor Canyon, recognized for its gold medal fishing, is also nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Almont
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.844
    Latitude
    38.7465

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    FAQs

    What type of property is this?
    Ranch - 455-acre ranch near Crested Butte with water rights.
    Where is this ranch located?
    The property is located at 623 County Road 813 Almont, CO.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: 455‑acre ranch with **75 c.f.s. of decreed water rights** for extensive irrigation.; Significant wildlife habitat for elk, mule deer, moose, and black bear within Game Management Unit 55.; Potential for controlled development with a three‑acre building envelope plus a ten‑acre envelope allowing up to three additional residences.
    (970) 944-4444
    We can help!
    Listing Contact
    DAN MURPHY
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    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.

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