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    3042 Co Rd Longmont, CO 80504

    For Sale
    Contact for pricing

    18.9 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 18.9-acre land parcel presents a unique investment opportunity in Longmont, Colorado. Located at 3042 Co Rd 28, Weld County, zip code 80504 (40.1884919, -104.9968619), this property is zoned for a mixed-use development, combining commercial and residential components. Currently entitled for 270-300 multi-family units, this site offers significant potential for high-density residential construction. The development is situated adjacent to Mead High School, providing convenient access to education and community amenities. This land is part of a larger master-planned community, Anderson Farm, which upon completion will encompass 1,652 residential units, a mix of single-family and multi-family homes. The developer anticipates breaking ground in the fourth quarter of 2023, with project completion expected in the third quarter of 2024. This prime location, combined with the existing entitlements and the robust growth of the surrounding area, makes this a compelling investment opportunity for developers seeking to capitalize on the burgeoning Longmont real estate market. The property's proximity to established infrastructure and its strategic placement within a thriving community further enhance its appeal. This is a rare chance to acquire a substantial land holding with significant development potential in a highly desirable Colorado location.

    Property Features for 3042 Co Rd

    General Information

    Property type
    Land
    Lot Size
    823,284 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Longmont
    County
    Weld
    State
    Colorado
    Longitude
    -104.9968619
    Latitude
    40.1884919

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    FAQs

    What type of property is this?
    Land - 18.9 Acres, Mixed-Use Potential
    Where is this land located?
    The property is located at 3042 Co Rd Longmont, CO.
    (303) 694-6082
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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
    3042 Co Rd Longmont, CO 80504
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