Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    89 Mine Rd Idaho Springs, CO 80453

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $30,000

    Sloped, wooded land near Idaho Springs with recreational opportunities.

    Lot size:
    0.31 Acres

    Property Features for 89 Mine Rd

    General Information

    Standard status
    Active
    Lot size
    0.31 Acres

    We can help!

    Listing Contact
    Annalise Kurowski
    Source: Corcoran

    Listing Agency: JPAR Modern Real Estate Listing Agent: Annalise Kurowski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Wooded Land Near St. Mary's

    This wooded, sloped parcel is located near Idaho Springs, offering year-round access and a private setting surrounded by nature. Situated just off I-70, the property provides convenient access to multiple ski resorts and is approximately one hour from Denver. Property owners have access to private fishing opportunities at Lake Quivira and Silver Lake through the St. Mary's Glacier POA, with special fishing passes available for purchase. Hiking trails lead to St. Mary's Glacier, known for its views and year-round recreation. The property is located 1.9 miles from Idaho Springs via I-70 West. Take Exit 238 toward Fall River Road, turn right onto Fall River Road and continue for 8.2 miles, then turn left onto Alice Road. The property will be on the right in approximately 0.3 miles. Buyers are responsible for verifying all building requirements with Clear Creek County, as well as utility information. There is no survey available for this parcel.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Hotel & Motel Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Bed & Breakfast Restaurant Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Springs
    County
    Clear Creek
    State
    Colorado
    Longitude
    -105.640448
    Latitude
    39.821543

    Nearby Similar for Sale

    • $1,250,000
      5,154 SF

      Established Restaurant Opportunity in Idaho

      Turn-key restaurant and real estate for sale in Idaho Springs.
      2805 Colorado Blvd, Idaho Springs, CO 80452
      View Details
    • Contact for pricing
      5,154 SF

      Iconic Restaurant Opportunity For Sale

      Turn-key restaurant with equipment and apartment near I-70.
      2805 Colorado Blvd, Idaho Springs, CO 80452
      View Details
    • $1,395,000
      3,340 SF

      Idaho Springs Multifamily Investment Opportunity

      Multifamily property in scenic Idaho Springs with mountain views.
      4850 S Spring Gulch Rd, Idaho Springs, CO 80452
      View Details
    • $990,000
      1,904 SF

      Mixed-Use Property Near St. Mary's Glacier

      Mixed-use property with income potential near St. Mary's Glacier.
      8630 Fall River Rd, Idaho Springs, CO 80452
      View Details
    • $1,300,000

      Idaho Springs Mobile Home Park

      Mobile home park with redevelopment potential in downtown Idaho Springs.
      465 Colorado Blvd, Idaho Springs, CO 80452
      View Details
    • $1,300,000

      Idaho Springs Mobile Home Park

      Mobile home park with redevelopment potential in downtown Idaho Springs.
      465 Colorado Blvd, Idaho Springs, CO 80452
      View Details

    FAQs

    What type of property is this?
    Land - Sloped, wooded land near Idaho Springs with recreational opportunities.
    Where is this land located?
    The property is located at 89 Mine Rd Idaho Springs, CO.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Year-round access and private, peaceful setting surrounded by nature on a wooded, sloped parcel.; - Convenient location just off I-70 near Idaho Springs, providing easy access to multiple world-class ski resorts.; - Resident-only private fishing opportunities at Lake Quivira and Silver Lake through the St. Mary's Glacier POA.
    (303) 433-3158
    Request Owner's contact information
    89 Mine Rd Idaho Springs, CO 80453
    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.
    89 Mine Rd
    Idaho Springs, CO 80453
    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
    89 Mine Rd Idaho Springs, CO 80453
    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

    We can help!
    Listing Contact
    Annalise Kurowski
    (303) 433-3158
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!