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    Property profile & analytics

    627 Little Prospect Rd Estes Park, CO 80517

    • Commercial real estate
    • 14.42 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1539568
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 627 Little Prospect Rd

    Lot size
    14.42 lot acres
    Property type
    Commercial real estate
    APN
    3402100023

    Description

    This exceptional 14.42-acre property in Estes Park, Colorado presents a unique investment opportunity. Located in Larimer County, just across from Mary's Lake and a short drive from Rocky Mountain National Park's entrance and downtown Estes Park, this south-facing parcel offers breathtaking views of Lily Mountain and surrounding natural beauty. The property features gentle slopes, mature pine trees, and granite outcroppings, showcasing the area's stunning natural landscape. Zoned EV-RE, this land allows for residential development, with the potential to build a single family home or multiple residential units. Utilities are available at the property boundary, making infrastructure improvements readily achievable, aligning with IRS Opportunity Zone requirements for substantial land improvements. The APN is 3402100023. This is a rare chance to own a significant piece of land in a highly desirable location, offering both recreational and investment potential. The asking price is $1,695,000, or $117,545 per acre. The property is being sold directly by the owners. This is a truly remarkable opportunity to build your dream home or develop a profitable rental property in one of Colorado's most sought-after locations. The property's proximity to Rocky Mountain National Park, with its over 4.5 million annual visitors, further enhances its investment appeal. The area is also recognized as a top retirement destination in Colorado. This is a shovel-ready opportunity zone investment, with the potential for significant tax advantages.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Estes Park
    County
    Larimer
    State
    Colorado
    Longitude
    -105.53142552
    Latitude
    40.34869293

    Comparable in this City

    • $1,529,500

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      Estes Park Condo with Views

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      Condo with Panoramic Mountain Views

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      Updated Condo with Mountain Views

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      Estes Park Duplex with Views

      Estes Park duplex near Lake Estes with mountain views.
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      Estes Park Multifamily Investment

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    Similar Nearby for Sale

    • $451,000
      1,056 SF

      Estes Park Condo with Views

      Charming 3-bedroom condo with mountain views and convenient location.
      321 Big Horn Dr, Estes Park, CO 80517
      View Details
    • $1,529,500

      Estes Park Income-Producing Property

      Turnkey investment property in Estes Park with commercial and residential units.
      Avalon Dr, Estes Park, CO 80517
      View Details
    • $957,900
      2,050 SF

      Updated Condo with Mountain Views

      Updated 3 bed/3 bath condo with short-term rental potential.
      315 Kiowa Dr, Estes Park, CO 80517
      View Details
    • $1,000,000
      1,908 SF

      Condo with Panoramic Mountain Views

      Upper unit condo with strong rental history and mountain views.
      1731 Aspencliff Ct, Estes Park, CO 80517
      View Details
    • $874,000
      2,396 SF

      Estes Park Duplex with Views

      Estes Park duplex near Lake Estes with mountain views.
      450 Hillside Ln, Estes Park, CO 80517
      View Details
    • $975,000
      2,560 SF

      Estes Park Multifamily Investment

      Eight-unit apartment building in Estes Park with income potential.
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      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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    • $19 SF/Yr
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      Office Space in Stanley Village

      Office space for lease in Stanley Village Shopping Center.
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      Retail Space in Stanley Village

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      Estes Park Office Suites Available

      Small office suites for rent in central Estes Park location.
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    • $12 SF/Yr
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      Estes Park Office Space

      Office space in Stanley Village Shopping Center, Estes Park, CO.
      513 Big Thompson Ave, Estes Park, CO 80517
      View Details
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    627 Little Prospect Rd
    Estes Park, CO 80517
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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
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