Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    401 Payson St Naturita, CO 81422

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.08 Acres, Residential Zoning, Huge Potential

    Property Features for 401 Payson St

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    We can help!

    Listing Contact
    Colleen Aller
    Colleen Aller

    Listing Agency: Keller Williams Realty Southwest Associates Listing Agent: Colleen Aller

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

    Learn more

    Overview

    This 1.08-acre parcel in Naturita, Colorado, zoned residential, offers an exceptional investment opportunity. Priced at $335,000 ($10.09/sq ft), it's ideally suited for a high-density housing development, potentially utilizing 17 lots for micro homes or a tiny home village. The town of Naturita actively supports affordable housing initiatives, including potential $50,000 credits per unit through Proposition 123 and state grants for infrastructure. Existing water and sewer taps are on-site, simplifying development. Located at 401 Payson St, 81422, this property benefits from its proximity to outdoor recreation (hiking, biking, hunting), and an employee shuttle to Telluride. Naturita itself offers local amenities including an inn, café, gas station, grocery store, and motel. This represents a unique chance to contribute to the community while capitalizing on significant incentives and the growing demand for housing in this desirable area. The property is owned by Miller.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Naturita
    County
    Montrose
    State
    Colorado
    Longitude
    -108.5748527
    Latitude
    38.2201901

    Nearby Similar for Sale

    • $595,000
      2,802 SF

      Naturita Multi-Use Building For Sale

      Restaurant-ready building in Naturita, Colorado, with equipment rental business opportunity.
      120 E Main St, Naturita, CO 81422
      View Details
    • $230,000
      1,063 SF

      Naturita Retail Investment Opportunity

      Retail property in downtown Naturita with established tenant.
      152 E Main St, Naturita, CO 81422
      View Details
    • $495,000
      1,925 SF

      Versatile Office Building with Living Space

      Office building with potential living quarters or rental income.
      212 E Main St, Naturita, CO 81422
      View Details
    • $495,000
      3,372 SF

      Former Goodyear Tire Shop

      Former Goodyear Tire shop with lifts, compressor, and new doors.
      208 W Main St, Naturita, CO 81422
      View Details
    • $4,495,000

      Boutique Retreat & Glamping Destination

      Breathtaking retreat on 120 acres near Naturita, Colorado.
      Ee 26 Rd, Naturita, CO 81422
      View Details
    • $495,000
      3,372 SF

      Prime Naturita Auto Shop & Store

      3,372 SF Retail Space, Vacant, $495K
      208 Main St, Naturita, CO 81422
      View Details
    • $595,000
      2,802 SF

      Nucla Retail Building - Prime Location

      Profitable Multi-Use Retail Space in Nucla, CO
      120 Main St, Naturita, CO 81424
      View Details
    • $80,000
      1,545 SF

      Naturita Mixed-Use Commercial Building

      Prime Location, High Visibility, Huge Potential
      205 Main St, Naturita, CO 81422
      View Details
    • $5,000,000
      14,398 SF

      Exceptional Colorado Retreat - 120 Acres

      Historic Camp, Stunning Views, Investment Opportunity
      31335 Ee 26 Rd, Naturita, CO 81422
      View Details

    FAQs

    What type of property is this?
    Land - 1.08 Acres, Residential Zoning, Huge Potential
    Where is this land located?
    The property is located at 401 Payson St Naturita, CO.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: $335,000 asking price for 1.08 acres of residential land.; Located at 401 Payson St, Naturita, CO 81422.; Zoned for residential use; suitable for micro-home development or affordable housing.
    (970) 901-7018 Call to check price and availability
    Request Owner's contact information
    401 Payson St Naturita, CO 81422
    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.
    401 Payson St
    Naturita, CO 81422
    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
    401 Payson St Naturita, CO 81422
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Colleen Aller
    Colleen Aller
    Real Estate License ID: FA100097828
    (970) 901-7018 (970) 596-0870 (214) 843-2631
    Learn more
    Google sign-in failed. Please try again or use another login method.