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    2095 Co Rd 245 New Castle, CO 81647

    Sponsored
    For Sale
    $4,996,000

    62 Acres, Development Potential, Mountain Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 62-acre property in New Castle, Colorado, presents a unique investment opportunity. Located less than two miles from downtown New Castle, this land boasts stunning views and is bordered by Main Elk Creek and East Elk Creek. The property is zoned for agricultural use and includes two existing homes currently generating rental income. A well is already in place, with additional water rights negotiable. Enjoy the peace and quiet of a rural setting while remaining conveniently close to amenities. A grocery store is nearby, Glenwood Springs is a short 20-minute drive, and Rifle Airport is accessible within 30 minutes. Outdoor enthusiasts will appreciate the proximity to the Flattop Mountains, easily accessible via Elk Creek, and the short driving distance to Harvey Gap and Rifle Gap State Parks for boating. The asking price for this irreplaceable property is $4,996,000. This expansive parcel offers significant development potential, combining the tranquility of nature with the convenience of nearby urban centers. The property's location, existing infrastructure, and abundant natural resources make it an ideal investment for those seeking a blend of rural charm and urban accessibility.

    Property Features for 2095 Co Rd 245

    General Information

    Property type
    Farms
    Lot Size
    2,718,144 SF

    HighLights

    • 62‑acre parcel in New Castle, CO, less than 2 miles from downtown.
    • Stunning views, bordered by Main Elk Creek and East Elk Creek.
    • Agricultural zoning; includes two income‑producing rental homes.
    • Existing well; additional water rights negotiable.
    • Convenient proximity to amenities, including a nearby grocery store, Glenwood Springs (20‑minute drive), and Rifle Airport (30‑minute drive).
    • Recreational opportunities near Flattop Mountains, Harvey Gap, and Rifle Gap State Parks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Castle
    County
    Garfield
    State
    Colorado
    Longitude
    -107.560043
    Latitude
    39.587936

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    FAQs

    What type of property is this?
    Farm - 62 Acres, Development Potential, Mountain Views
    Where is this farm located?
    The property is located at 2095 Co Rd 245 New Castle, CO.
    What is the asking price?
    The asking price for this property is $4,996,000.
    What are key features of this property?
    This property features: 62-acre parcel in New Castle, CO, less than 2 miles from downtown.; Stunning views, bordered by Main Elk Creek and East Elk Creek.; Agricultural zoning; includes two income-producing rental homes.
    Request Owner's contact information
    2095 Co Rd 245 New Castle, CO 81647
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    New Castle, CO 81647
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    Realmo Value Estimation

    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.

    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.

    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
    2095 Co Rd 245 New Castle, CO 81647
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