Sign Up Successful!
You now have access to more from Realmo!
    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

    966 Pronghorn Trl Del Norte, CO 81132

    Sponsored
    For Sale
    $76,500

    38-acre residential lot, stunning views.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    Own a piece of Colorado's breathtaking landscape with this exceptional 38.25-acre residential lot located at 966 Pronghorn Trail, Del Norte, CO 81132 (APN: 3105401014). Priced at $76,500 ($2,000/acre), this property is situated in the gated Pronghorn Ranch community, offering unparalleled privacy and seclusion just 2.5 miles south of Del Norte. Enjoy panoramic views of the mountains, valley, and striking rock formations. The land is characterized by natural grasses and evergreen trees, and wildlife sightings of mule deer, elk, and cranes are common. The property's location provides convenient access to nearby towns like Monte Vista, South Fork, and Alamosa, while still maintaining a rural feel. Del Norte offers essential amenities including restaurants, a grocery store, and Rio Grande Hospital. Outdoor enthusiasts will appreciate the proximity to Wolf Creek Ski Area (45-minute drive), the Rio Grande River, numerous hiking and trekking trails, and opportunities for skiing, snowmobiling, camping, and ATV riding. An adjoining 640-acre state lease provides additional recreational access, and the property also borders BLM lands to the east, expanding recreational possibilities. This is a rare opportunity to own a substantial, buildable lot in a desirable location with exceptional privacy and access to abundant outdoor activities. The permitted zoning is Residential Single Family.

    Property Features for 966 Pronghorn Trl

    General Information

    Property type
    Land
    Lot Size
    1,666,170 SF

    We can help!

    Listing Contact
    Bruce Steffens
    Bruce Steffens

    Learn more

    HighLights

    • 38.25‑acre residential lot in gated Pronghorn Ranch community, Del Norte, CO.
    • $76,500 purchase price ($2,000/acre).
    • Panoramic mountain, valley, and rock formation views.
    • Convenient access to nearby towns and amenities, while maintaining a rural setting.
    • Abundant outdoor recreation opportunities nearby, including Wolf Creek Ski Area (45‑minute drive).
    • Residential Single Family zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Del Norte
    County
    Rio Grande
    State
    Colorado
    Longitude
    -106.3465717
    Latitude
    37.6301066

    Nearby Comparable

    • $71,840
      35.92 Acres

      Colorado Mountain Land - 35 Acres

      Private 35-acre lot in gated community. Panoramic mountain views.
      682 Pronghorn Trl, Del Norte, CO 81132
      View Details
    • $177,260
      88.63 Acres

      727 Pronghorn Trail

      Land • 88.63 Acres
      727 Pronghorn Trl, Del Norte, CO 81132
      View Details
    • $140,240
      70.12 Acres

      857 Pronghorn Trail

      Land • 70.12 Acres
      857 Pronghorn Trl, Del Norte, CO 81132
      View Details
    • $70,180
      35.09 Acres

      35-Acre Colorado Land Parcel

      Scenic residential lot, buildable locations.
      12C Pronghorn Trl, Del Norte, CO 81132
      View Details
    • $73,040
      36.52 Acres

      Colorado Mountain Land - Del Norte

      36-acre residential lot, gated community.
      31a Pronghorn Trl, Del Norte, CO 81132
      View Details
    • $70,200
      35.10 Acres

      35-Acre Residential Land in Colorado

      Scenic Colorado land, buildable lots, stunning views.
      796 Pronghorn Trl, Del Norte, CO 81132
      View Details
    • $101,400
      50.70 Acres

      Colorado Mountain Land - 50 Acres

      Buildable lot in gated community, stunning views.
      71 Altair Rd, Del Norte, CO 81132
      View Details
    • $99,000
      49.50 Acres

      Colorado Mountain Land - 49 Acres

      Prime 49-acre residential lot in gated community.
      227 Altair Rd, Del Norte, CO 81132
      View Details
    • $72,100
      36.05 Acres

      Colorado Mountain Land - 36 Acres

      Gated community, stunning views, recreational paradise.
      42 Wapiti Rdg Rd, Del Norte, CO 81132
      View Details
    • $75,640
      37.82 Acres

      Colorado Mountain Land - Prime Location

      37.82 Acres, Gated Community, Stunning Views
      40 Wapiti Rdg Rd, Del Norte, CO 81132
      View Details
    • $143,940
      71.97 Acres

      Colorado Mountain Land - 72 Acres

      Build your dream home in a gated community. Panoramic mountain views.
      0 Wapiti Rdg Rd, Del Norte, CO 81132
      View Details

    Nearby Similar for Sale

    • $395,000
      3,151 SF

      Multi-Use Residential Investment Opportunity

      Four-unit property in Del Norte, Colorado, with mixed-use potential.
      750 Grand Ave, Del Norte, CO 81154
      View Details
    • $250,000
      1,048 SF

      Established Meat Processing Facility

      Well-established meat processing business with highway frontage in Del Norte.
      147511 W Us Highway 160, Del Norte, CO 81132
      View Details
    • $545,000
      2,980 SF

      Prime Corner Commercial Property

      High-visibility commercial property on a 0.3-acre corner lot.
      800 Grand Ave, Del Norte, CO 81132
      View Details
    • $2,490,000

      Renovated Multifamily Property with Gymnasium

      23 units, including 21 furnished suites and gymnasium.
      800 Oak St, Del Norte, CO 81132
      View Details

    FAQs

    What type of property is this?
    Land - 38-acre residential lot, stunning views.
    Where is this land located?
    The property is located at 966 Pronghorn Trl Del Norte, CO.
    What is the asking price?
    The asking price for this property is $76,500.
    What are key features of this property?
    This property features: 38.25-acre residential lot in gated Pronghorn Ranch community, Del Norte, CO.; $76,500 purchase price ($2,000/acre).; Panoramic mountain, valley, and rock formation views.
    (719) 873-1700
    Request Owner's contact information
    966 Pronghorn Trl Del Norte, CO 81132
    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.
    966 Pronghorn Trl
    Del Norte, CO 81132
    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
    966 Pronghorn Trl Del Norte, CO 81132
    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
    Bruce Steffens
    Bruce Steffens
    Real Estate License ID: CO 000569825
    (719) 873-1700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.