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    Expansive Land with Mountain Views Title is generated by Realmo AI

    944434 County Road 540, Gardner, CO 81040

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    Claim this Listing
    For Sale
    $229,000

    74.47 acres with mountain views and river frontage.

    Type:Land / Unimproved Land
    Property size:
    3,243,913 SF
    Lot size:
    74.47 Acres
    Price / SF:
    $0.07/SF
    Added:
    Feb 16, 2026
    Days on Market:
    106
    Last Refresh:
    Mar 17 at 5:37 am

    Property Features for 944434 County Road 540

    General Information

    Standard status
    Active
    Size
    3,243,913 SF
    Lot size
    74.47 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Jacqueline Christian
    Jacqueline Christian

    Listing agent Jacqueline Christian License #40018954

    Listing office Capture Colorado Mtn Properties

    Listing date Feb 16, 2026

    Source Compass

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

    All listing content including descriptions, pricing, images are the copyrighted material of Capture Colorado Mtn Properties

    HighLights

    • 74.47 acres of land with panoramic views of the Greenhorn Mountain Range, Sangre de Cristo Mountain Range, and Big Sheep and Little Sheep Mountains.
    • Huerfano River frontage.
    • Fully fenced, suitable for livestock or privacy.
    • No covenants or restrictions.
    • Power to the lot line, simplifying development.
    • Secluded location less than 3 miles from Highway 69.

    Overview

    This 74.47-acre property offers panoramic 360-degree views of the Greenhorn Mountain Range, Sangre de Cristo Mountain Range, and Big Sheep and Little Sheep Mountains. The land is fully fenced and features a level to rolling slope, providing seclusion while remaining under 3 miles from Highway 69. Power is available to the lot line. The property includes river frontage and is zoned for residential use. The lot is accessible and abuts a stream/creek/river. It is located within the Huerfano RE-1 school district, encompassing elementary, middle or junior, and high school levels. The property is suitable for livestock, enhancing privacy, or defining boundaries. There are no covenants or restrictions. The lot size is 3243913 square feet. The property is ideal for hunting.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Gardner
    County
    Huerfano
    State
    Colorado
    Longitude
    -105.151191
    Latitude
    37.70788

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    FAQs

    What type of property is this?
    Land - 74.47 acres with mountain views and river frontage.
    Where is this land located?
    The property is located at 944434 County Road 540 Gardner, CO.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: 74.47 acres of land with panoramic views of the Greenhorn Mountain Range, Sangre de Cristo Mountain Range, and Big Sheep and Little Sheep Mountains.; Huerfano River frontage.; Fully fenced, suitable for livestock or privacy.
    (719) 742-6000
    We can help!
    Listing Contact
    Jacqueline Christian
    Jacqueline Christian
    Real Estate License ID: 40018954
    Learn More
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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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