Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Cedar Park Subdivision Title is generated by Realmo AI

    805 Meadows Dr, Drake, CO 80515

    View on Map
    Claim this Listing
    New
    For Sale
    $250,000

    LAND - Drake, CO

    Lot size:
    5.00 Acres
    Added:
    May 18, 2026
    Days on Market:
    6
    Last Refresh:
    May 23 at 4:06 am

    Property Features for 805 Meadows Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR2
    Standard status
    Active
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1829

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    John Feeney
    John Feeney

    Listing agent John Feeney License #100047965

    Listing office C3 Real Estate Solutions, LLC 2720 Council Tree Ave, #178, Fort Collins, CO

    Listing date May 18, 2026

    MLS# 5469194

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

    HighLights

    • Sweeping 180+ degree views overlooking Loveland and the foothills.
    • Borders Roosevelt National Forest on two sides, providing direct access for outdoor recreation.
    • Essential infrastructure in place: drilled private well and permitted septic system for a three‑bedroom home.
    • Year‑round access, suitable for weekend getaways or full‑time mountain living.
    • Located within Game Management Unit 20, known for abundant wildlife.
    • Driveway cut in with flat area ready for RV/camper use; recent cleanup and new gravel.

    Overview

    Located at 805 Meadows Drive in Drake, Colorado, this 5-acre property resides within the Cedar Park subdivision in the Storm Mountain area. The land offers over 180 degrees of views overlooking the City of Loveland and the surrounding foothills. Bordering Roosevelt National Forest on two sides, the property provides direct access to thousands of acres for outdoor exploration. It is located within Game Management Unit 20, an area known for its abundant wildlife. A driveway is already cut in, leading to a flat area suitable for recreational use with an RV or camper. The seller has invested nearly $10,000 in cleanup and new gravel for the driveway. Infrastructure is in place, including a drilled private well with recent testing reports available, and a full, permitted septic system designed for a three-bedroom home. Year-round access enhances the property's versatility for weekend escapes or permanent mountain living. The location is approximately 50 minutes from Downtown Loveland and 45 minutes from Estes Park, with opportunities for hiking, rock climbing, and outdoor recreation nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Drake
    County
    Larimer
    State
    Colorado
    Longitude
    -105.33
    Latitude
    40.4695

    Nearby Similar for Sale

    • $250,000

      Land with Sweeping Mountain Views

      5 acres in Drake, CO with utilities and national forest access.
      805 Meadows Dr, Drake, CO 80515
      View Details
    • $150,000

      Mountain Land with Sweeping Views

      Ready-to-build mountain parcel with utilities and recreational access.
      981 Palisade Mountain Dr, Drake, CO 80515
      View Details
    • $125,000

      8-Acre Mountain Lot in Drake

      Private 8-acre mountain lot with views and year-round access.
      Bowser Ln, Drake, CO 80515
      View Details
    • $125,000

      6-Acre Mountain Lot in Drake

      Private 6-acre mountain lot with buildable area and valley views.
      Bowser Ln, Drake, CO 80515
      View Details
    • $260,000

      Scenic Lot with Mountain Views

      Elevated 0.76-acre lot with mountain views near Big Thompson River.
      14 Sly Fox Rd, Drake, CO 80515
      View Details
    • $99,500

      Land with Longs Peak Views

      Stunning mountain property with panoramic views near Estes Park.
      165 Wolf Dr, Drake, CO 80515
      View Details
    • $125,000

      Land in Drake, Colorado

      4.85 acres near Roosevelt National Forest.
      Storm Mountain Dr, Drake, CO 80515
      View Details
    • $85,000

      1.8 Acre Mountain Retreat Land

      Land with panoramic views and abundant wildlife near Loveland.
      938 Snow Top Dr, Drake, CO 80515
      View Details
    • $99,500

      Land with Longs Peak Views

      Stunning mountain property with panoramic views near Estes Park.
      165 Wolf, Drake, CO 80515
      View Details
    • $675,000

      Secluded Mountain Retreat Land

      80-acre off-grid mountain property near Estes Park, Colorado.
      591599 Soul Shine, Drake, CO 80515
      View Details
    • $85,000

      Mountain Retreat with Panoramic Views

      1.8 acre lot near Loveland and Estes Park.
      938 Snow Top Drive, Drake, CO 80515
      View Details
    • $250,000

      Land with Sweeping Mountain Views

      5-acre land bordering Roosevelt National Forest with well and septic.
      805 Meadows, Drake, CO 80515
      View Details

    FAQs

    What type of property is this?
    Land - 5-acre land with sweeping views and recreational opportunities.
    Where is this land located?
    The property is located at 805 Meadows Dr Drake, CO.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Sweeping 180+ degree views overlooking Loveland and the foothills.; Borders Roosevelt National Forest on two sides, providing direct access for outdoor recreation.; Essential infrastructure in place: drilled private well and permitted septic system for a three‑bedroom home.
    (970) 231-4172
    We can help!
    Listing Contact
    John Feeney
    John Feeney
    Real Estate License ID: 100047965
    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
    805 Meadows Dr, Drake, CO 80515
    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!