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    Expansive Horse/Cattle Property with Views Title is generated by Realmo AI

    6597 S State Highway 83, Franktown, CO 80116

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    Claim this Listing
    For Sale
    $1,750,000

    103.93-acre farmhouse estate with livestock amenities and modern conveniences.

    Type:Land or Vacant Lot
    Property size:
    3,561 SF
    Lot size:
    103.93 Acres
    Price / SF:
    $491/SF
    Added:
    Dec 29, 2025
    Days on Market:
    157
    Last Refresh:
    Apr 5 at 9:35 pm

    Property Features for 6597 S State Highway 83

    General Information

    Standard status
    Active
    Size
    3,561 SF
    Lot size
    103.93 Acres
    Property subtype
    Land or Vacant Lot

    Building Details

    Year Built
    1938

    We can help!

    Listing Contact
    KELLY BANE
    KELLY BANE

    Listing agent KELLY BANE License #100036062

    Listing office KB Ranch and Home

    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 KB Ranch and Home

    HighLights

    • Expansive 103.93‑acre horse/cattle property with livestock‑ready amenities.
    • Two dwellings: a farmhouse and a 3‑bed, 2‑bath manufactured home with a 2‑car garage.
    • Antelope Creek runs through the property, along with a natural spring, ideal for livestock.
    • 200 x 80 outdoor arena, lean‑to with runs, tack room, and fully fenced/cross‑fenced pastures.
    • Includes mineral rights and a domestic well.
    • Main house features a new 2024 roof, new wood laminate flooring, main floor primary bedroom, and views of Pike's Peak.

    Overview

    This expansive 103.93-acre property features a farmhouse estate offering a country lifestyle with modern conveniences and livestock-ready amenities. The primary residence is a beautiful farmhouse. Additionally, there is a spacious 3-bedroom, 2-bathroom manufactured home with an attached 2-car garage, suitable for guests, family, or ranch staff. The main house includes a main floor primary bedroom with an attached primary bathroom, an additional main floor bedroom with a bonus room, and main level laundry. The kitchen has a sitting area, and the family room is next to the dining room. A great room is complete with a fireplace and vaulted ceiling. Upstairs, there are two additional bedrooms and an unfinished basement. A mudroom with a utility sink is also present. A detached 3-car garage/shop provides additional space. The main house features a new 2024 roof and new wood laminate flooring. Antelope Creek runs through the property, ideal for watering livestock, and there is a natural spring. Livestock amenities include a lean-to with runs, a tack room, and a 200 x 80 outdoor arena. The pastures are fully fenced and cross-fenced, ensuring ample grazing space for horses and livestock. Mineral rights are included, and there is a domestic well. The property offers views of Pike's Peak. There is space to build another house. The property is close to Castle Rock, Franktown, and Castlewood Canyon and is part of the Douglas County School District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Franktown
    County
    Douglas
    State
    Colorado
    Longitude
    -104.721
    Latitude
    39.2629

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    FAQs

    What type of property is this?
    Horse & equestrian property - 103.93-acre farmhouse estate with livestock amenities and modern conveniences.
    Where is this horse & equestrian property located?
    The property is located at 6597 S State Highway 83 Franktown, CO.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Expansive 103.93‑acre horse/cattle property with livestock‑ready amenities.; Two dwellings: a farmhouse and a 3‑bed, 2‑bath manufactured home with a 2‑car garage.; Antelope Creek runs through the property, along with a natural spring, ideal for livestock.
    (303) 552-1393
    We can help!
    Listing Contact
    KELLY BANE
    KELLY BANE
    Real Estate License ID: 100036062
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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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