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    Us-24 Peyton, CO 80831

    For Sale
    $13,000,000

    Colorado Springs commercial/residential land investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 65.88-acre property, located at a major crossroads on US-24, presents a unique investment opportunity. Situated within the city limits of Colorado Springs, just before Falcon, CO, this raw land parcel offers unparalleled flexibility. The permitted zoning is R, allowing for either commercial or residential development, catering to a wide range of potential projects. The asking price is $13,000,000, translating to a land value of $5 per square foot. The property's strategic location provides excellent visibility and accessibility, making it ideal for a variety of uses. With its substantial size and versatile zoning, this land presents a compelling opportunity for developers seeking a prime location in a rapidly growing area. The APN is 5312400017. This is a truly exceptional opportunity to acquire a significant land holding in a desirable Colorado Springs location. The property's potential is vast, offering a blank canvas for creative development and significant long-term returns. Don't miss this chance to secure a piece of Colorado's thriving real estate market.

    Property Features for 0 Us-24

    General Information

    Property type
    Land
    Lot Size
    2,869,733 SF

    HighLights

    • Colorado Springs city limits location.
    • Suitable for commercial or residential development.
    • Undeveloped raw land.
    • Investment opportunity.
    • Situated at a major intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peyton
    County
    El Paso
    State
    Colorado
    Longitude
    -104.616996
    Latitude
    38.926746

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    FAQs

    What type of property is this?
    Land - Colorado Springs commercial/residential land investment.
    Where is this land located?
    The property is located at Us-24 Peyton, CO.
    What is the asking price?
    The asking price for this property is $13,000,000.
    What are key features of this property?
    This property features: Colorado Springs city limits location.; Suitable for commercial or residential development.; Undeveloped raw land.
    (719) 447-7900
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    Us-24 Peyton, CO 80831
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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
    Us-24 Peyton, CO 80831
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