This exceptional 151-acre equestrian center near Franktown, Colorado, presents a unique investment opportunity. The property boasts a fully operational boarding and training facility permitted for 130 horses. Key improvements include a substantial 27,000 square-foot indoor stall barn with 44 heated stalls, an attached indoor riding arena (80' x 210'), and ample outdoor facilities. These include covered stalls with runs or loafing sheds and paddocks, turnout pens, pastures, a large shop and hay storage building (6,867 sq ft), and various round pens and sheds. The property also features a tastefully remodeled 3,144 square-foot manager's residence with four bedrooms, three baths, and a three-car garage. This home, remodeled in 2014, includes high-end kitchen appliances and finishes. Additional structures include a 720 sq ft storage shed, twelve 1440 sq ft loafing sheds with pens, three shed row barns with 36 covered stalls and runs, 28 turnout pens (24' x 36'), a double-sided outdoor arena (200' x 300'), and numerous rotational pastures with shelters. The property's location offers convenient access to State Highway 86 and 83, placing it minutes from restaurants and shopping. It also adjoins the Cherry Creek Trail system and Mesa Buttes open space, providing extensive trail riding opportunities. The facility is professionally managed and enjoys a strong reputation, consistently maintaining a waiting list for boarders. Two additional parcels totaling 70 acres are under conservation easements. This profitable, well-maintained facility prioritizes horse safety and wellness, offering a compelling investment prospect in a thriving horse community. The asking price is $4,900,000.
Property Features for 0 Xxx Franktown
General Information
Property type
Farms
Lot Size
6,577,560 SF
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Listing Contact
Bart Miller
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HighLights
Exceptional 151‑acre equestrian center near Franktown, CO, asking $4,900,000.
Fully operational boarding & training facility permitted for 130 horses.
27,000 sq ft indoor barn with 44 heated stalls & 80' x 210' indoor arena.
Extensive outdoor facilities including covered stalls, paddocks, pastures, 6,867 sq ft shop/hay storage, round pens, and a double‑sided outdoor arena (200' x 300').
3,144 sq ft remodeled manager's residence (4 bed/3 bath/3‑car garage).
Farm - 151-acre equestrian facility, Franktown, CO
Where is this farm located?
The property is located at Xxx Franktown Franktown, CO.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Exceptional 151-acre equestrian center near Franktown, CO, asking $4,900,000.; Fully operational boarding & training facility permitted for 130 horses.; 27,000 sq ft indoor barn with 44 heated stalls & 80' x 210' indoor arena.
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Xxx Franktown Franktown, CO 80116
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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.
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Xxx Franktown Franktown, CO 80116
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