Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land with Mountain Views Title is generated by Realmo AI

    863 15th Trail, Cotopaxi, CO 81223

    View on Map
    Claim this Listing
    Pending
    $70,000

    LAND - Cotopaxi, CO

    Lot size:
    2.37 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    122
    Last Refresh:
    Jun 7 at 7:06 am

    Property Features for 863 15th Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    76012220
    Lot size
    2.37 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SUBD: FLORIDA-COLO ACRES NE4SE4SW4SW4 SEC 11-20-73 FLA-COLO ACRES TR-47
    Tax Annual Amount
    227

    Utilities

    Utilities
    Electricity Available
    Water source
    Well

    We can help!

    Listing Contact
    Keely Smith
    Keely Smith

    Listing agent Keely Smith License #FA.100096804

    Listing office Custer County Realty, Inc. PO Box 1250, WESTCLIFFE, CO

    Listing date Feb 5, 2026

    MLS# 2613173 Listing URL

    Copyright © 2026 Royal Gorge Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Stunning Sangre de Cristo Mountain views
    • 2.37‑acre property with open space and trees
    • 10‑gallon per minute well
    • Electricity on site
    • No HOA or C&R restrictions
    • RV hookup with power

    Overview

    This 2.37-acre property offers views of the Sangre de Cristo Mountains. A well on the property produces 10 gallons per minute. Electricity is available on site. The land features a mix of open space and trees. An RV hookup with power is present. The property is located 40 minutes from Canyon City and 20 minutes from Westcliffe. There are no HOA or C&R restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Cotopaxi
    County
    Fremont
    State
    Colorado
    Longitude
    -105.514838
    Latitude
    38.318929

    Nearby Similar for Sale

    • $799,000

      Live-Work Property with Arkansas Views

      Completely remodeled 2023 live-work property zoned rural highway business, offering flexible commercial uses.
      27077 Highway 50, Cotopaxi, CO 81223
      View Details
    • $4,000,000
      4,806 SF

      Colorado Ranch with Mountain Views

      170-acre ranch featuring a 4,806sf home near Salida, Colorado.
      2490 County Road 1A, Cotopaxi, CO 81223
      View Details
    • $1,195,000

      Multifamily Investment in Cotopaxi, CO

      7-unit apartment complex with land, parking, and strong rental demand.
      20180 Us Highway 50, Cotopaxi, CO 81223
      View Details
    • $1,195,000

      Multifamily Investment Opportunity in Cotopaxi

      Seven-unit apartment complex with land, parking, and strong rental demand.
      20180 Us Highway 50, Cotopaxi, CO 81223
      View Details
    • $179,000

      Improved Land with Mountain Views

      10-acre property with well, power, septic, shop, and mountain views.
      1725 I Path, Cotopaxi, CO 81223
      View Details
    • $110,000

      Spruce Basin 10-Acre Land Parcel

      10 acres near public lands, sheds, well, and mountain views.
      173 Homestead Road, Cotopaxi, CO 81223
      View Details
    • $659,000

      Rural Residential Land Parcel

      Rural residential lot with designated building envelope and expansive valley and mountain views.
      1300 Running Bear, Cotopaxi, CO 81223
      View Details
    • $210,000

      Land with Mountain Views

      35+ acre land near Westcliffe, Colorado, with hiking trails.
      345 Ridgeway Road, Cotopaxi, CO 81223
      View Details
    • $210,000

      Land with Mountain Views

      35+ acres near Westcliffe with established trails and utilities.
      345 Ridgeway Rd., Cotopaxi, CO 81223
      View Details
    • $119,000

      Colorado Mountain Land with Cabin

      Private 4.5+ acre mountain property with cabin and utilities.
      1738 12th Trail, Cotopaxi, CO 81223
      View Details
    • $119,000

      Colorado Mountain Land with Views

      Private 4.5+ acre mountain property with well and septic.
      1738 12th Trail, Cotopaxi, CO 81223
      View Details
    • $179,000

      Land Parcel in Gated Community

      35-acre land parcel with privacy and BLM access.
      Snowy way, Cotopaxi, CO 81223
      View Details

    FAQs

    What type of property is this?
    Land - 2.37-acre property with well, electricity, and mountain views.
    Where is this land located?
    The property is located at 863 15th Trail Cotopaxi, CO.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Stunning Sangre de Cristo Mountain views; 2.37‑acre property with open space and trees; 10‑gallon per minute well
    (719) 214-2501
    We can help!
    Listing Contact
    Keely Smith
    Keely Smith
    Real Estate License ID: FA.100096804
    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
    863 15th Trail, Cotopaxi, CO 81223
    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!