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    757 Co Rd 308 Downieville-Lawson-Dumont, CO 80436

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    High-return mobile home park near Denver.

    Property Features for 757 Co Rd 308

    General Information

    Property type
    Multifamily properties
    Class
    C
    Lot Size
    59,198 SF

    Building Details

    Year Renovated
    2020
    Buildings
    6
    Stories
    1
    Units
    6

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    Listing Contact
    Michael Crawford
    Michael Crawford

    Listing Agency: Hoff & Leigh Listing Agent: Michael Crawford

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

    Learn more

    Overview

    This exceptional investment opportunity presents a 1.359-acre, C-1 zoned mobile home park and covered land play in Downieville-Lawson-Dumont, Colorado (80436), boasting I-70 frontage with over 50,000 vehicles passing daily. The property features six units: three park-owned mobile homes, one park-owned cabin (with a new roof in 2023), and two tenant-owned mobile homes on rented lots. Currently operating at 100% occupancy with annual lease agreements and built-in rent increases, the property generates a substantial gross income of $97,347 and a net operating income (NOI) of $67,332 (including a 7% management fee). The pro-forma NOI, assuming self-management and market rents, projects to $79,775, resulting in a compelling pro-forma cap rate of 9.39%. The asking price is $850,000, representing a current cap rate of 7.92%. The 5,522 square feet of rentable buildings are situated on a well-maintained lot with city sewer, Xcel electric/gas, and well water. Its prime location offers easy access to Denver and nearby ski resorts, making it attractive for both long-term residents and short-term rentals. The flexible C-1 zoning allows for diverse future development possibilities, including restaurant, retail, office, or industrial uses. This stabilized investment is ideal for hands-off investors seeking strong returns and significant upside potential. The property's strong performance and diverse potential make it a truly exceptional opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Hotel & Motel Spa & Massage Center Gym & Fitness Center Skin Care Clinic Discount Store Grocery & Convenience Store Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Downieville-Lawson-Dumont
    County
    Clear Creek
    State
    Colorado
    Longitude
    -105.61013491325
    Latitude
    39.7655435387

    FAQs

    What type of property is this?
    Multifamily property - High-return mobile home park near Denver.
    Where is this multifamily property located?
    The property is located at 757 Co Rd 308 Downieville-Lawson-Dumont, CO.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 1.359-acre C-1 zoned mobile home park with I-70 frontage, over 50,000 vehicles per day.; Current cap rate: 7.9% (includes 7% management fee).; Pro forma cap rate: 9.38% (market rents, self-managed).
    (720) 683-0399 Call to check price and availability
    Request Owner's contact information
    757 Co Rd 308 Downieville-Lawson-Dumont, CO 80436
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    Downieville-Lawson-Dumont, CO 80436
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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.

    More about this property
    757 Co Rd 308 Downieville-Lawson-Dumont, CO 80436
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Crawford
    Michael Crawford
    Real Estate License ID: FA100076473
    (720) 683-0399 (719) 630-2277 (720) 572-5187
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