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    Perry Park Legacy Lot Title is generated by Realmo AI

    8249 Yuma Circle, Larkspur, CO 80118

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    0.964-acre lot with mountain views in Upper Cheyenne.

    Type:Land or Vacant Lot
    Lot size:
    0.96 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 2 at 8:38 pm

    Property Features for 8249 Yuma Circle

    General Information

    Standard status
    Active
    Lot size
    0.96 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    DAVE GARDNER
    DAVE GARDNER

    Listing agent DAVE GARDNER License #1081225

    Listing office RESULTS REALTY OF COLORADO

    Listing date Apr 2, 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 RESULTS REALTY OF COLORADO

    HighLights

    • Large 0.964‑acre lot with 360‑degree mountain, valley, and mesa views.
    • Sloping lot ideal for a walkout basement.
    • Located in the desirable 'Upper Cheyenne' area of Perry Park in Douglas County.
    • Abundant wildlife, including deer, turkey, hummingbirds, and elk.
    • Close proximity to Perry Park Country Club with an 18‑hole championship golf course.
    • Gated access to restrict camping and dumping, enhancing privacy and security.

    Overview

    This 0.964-acre lot is located in the Upper Cheyenne area of Perry Park in Douglas County. The property offers 360-degree views of the mountains, the valley, and Dawson's Mesa. The lot slopes gently downhill, making it suitable for a walkout basement. A seasonal stream runs along the property line at the back of the lot. The location is private and peaceful in the foothills of Colorado. This is an unimproved lot, and utilities and a paved road have not been installed in this area, with an unknown timeframe for future paving and utility extensions. Utilities include public water and sewer, natural gas, and buried electric lines. These utilities are required to qualify for a building permit. The area is a habitat for wildlife, including deer, turkey, and seasonal hummingbirds. Elk roam in the nearby forests and fields. The property is near the Perry Park Country Club, which features an 18-hole championship-rated golf course. Overnight camping, RVs, and off-grid construction are not permitted, and the property is not zoned for horses. The area is gated by Douglas County to restrict camping and dumping. The area has been recently cleared of standing dead timber. Camping or off-grid construction is not permitted.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Larkspur
    County
    Douglas
    State
    Colorado
    Longitude
    -104.893
    Latitude
    39.1989

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    FAQs

    What type of property is this?
    Land - 0.964-acre lot with mountain views in Upper Cheyenne.
    Where is this land located?
    The property is located at 8249 Yuma Circle Larkspur, CO.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large 0.964‑acre lot with **360‑degree mountain, valley, and mesa views.**; Sloping lot ideal for a **walkout basement.**; Located in the desirable 'Upper Cheyenne' area of Perry Park in Douglas County.
    (303) 681-1000
    We can help!
    Listing Contact
    DAVE GARDNER
    DAVE GARDNER
    Real Estate License ID: 1081225
    Learn More
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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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