Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Silversmith Rd Colorado Springs, CO 80921

    For Sale
    $3,600,000

    Prime 5.915-Acre Multifamily Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5.915-acre development site presents a unique investment opportunity within the prestigious Flying Horse master-planned community in Colorado Springs, Colorado. Located on Silversmith Rd, zip code 80921, this shovel-ready land is the only currently available multifamily-zoned parcel in Flying Horse. The property is already entitled for 118 units, allowing for a density of 20 dwelling units per acre. This flexibility allows for a variety of development options, including apartments, active adult housing, for-sale homes, or build-for-rent projects. The site benefits from its location within the highly desirable Academy School District 20, consistently ranked among the top two districts in Colorado Springs. Residents will enjoy access to Flying Horse's exceptional amenities, including two championship 18-hole golf courses, a 43,000 square-foot clubhouse, state-of-the-art fitness facilities, a renowned spa, and a world-class steakhouse. The asking price for this remarkable property is $3,600,000. This is a rare chance to acquire a prime development site in one of Colorado Springs' most sought-after communities. The property is zoned PUD (Planned Unit Development) and offers unparalleled potential for a lucrative residential development. Its location in El Paso County provides easy access to major roadways and other amenities. Don't miss this opportunity to capitalize on the strong demand for housing in this thriving area.

    Property Features for 0 Silversmith Rd

    General Information

    Property type
    Land
    Lot Size
    257,657 SF

    HighLights

    • 5.915‑acre multifamily‑zoned development site in the prestigious Flying Horse community.
    • Entitled for 118 units, 20 DU/acre.
    • Flying Horse amenities include two 18‑hole golf courses, a 43,000 sq ft clubhouse, fitness center, spa, and steakhouse.
    • Located in the highly desirable Academy School District 20.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7949483
    Latitude
    39.025382

    Nearby Similar for Sale

    • $1,499,800
      0.16 Acres

      Modern Duplexes in Colorado Springs

      Move-in ready duplexes with finished basements and mountain views.
      145 Terrace Dr, Colorado Springs, CO 80906
      View Details
    • New
      $2,599,000
      0.19 Acres

      Downtown Haven with Skyline View

      Spacious rooms, private bathrooms, and city skyline views.
      6 Boulder Crescent St, Colorado Springs, CO 80903
      View Details
    • $999,900
      0.16 Acres

      Modern Duplex Near UCCS

      Side-by-side units with 4 beds, 4 baths, 2-car garage.
      4266 Orchid St, Colorado Springs, CO 80917
      View Details
    • $540,000
      0.14 Acres

      Cozy Home with Modern ADU

      Charming home with a fully furnished, modern ADU.
      711 N Spruce St, Colorado Springs, CO 80905
      View Details
    • $575,000
      0.22 Acres

      Colorado Springs Duplex Investment Opportunity

      Spacious duplex in desirable location with strong rental history.
      71 W Old Broadmoor Rd, Colorado Springs, CO 80906
      View Details
    • $775,000
      Pending

      Charming Remodeled Duplex Near Downtown

      Remodeled duplex in historic Old North End neighborhood.
      1401 N Tejon St, Colorado Springs, CO 80907
      View Details

    FAQs

    What type of property is this?
    Land - Prime 5.915-Acre Multifamily Land
    Where is this land located?
    The property is located at Silversmith Rd Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: 5.915-acre multifamily-zoned development site in the prestigious Flying Horse community.; Entitled for 118 units, 20 DU/acre.; Flying Horse amenities include two 18-hole golf courses, a 43,000 sq ft clubhouse, fitness center, spa, and steakhouse.
    Request Owner's contact information
    Silversmith Rd Colorado Springs, CO 80921
    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.
    Silversmith Rd
    Colorado Springs, CO 80921
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Silversmith Rd Colorado Springs, CO 80921
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.