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    The Largest CRE Database in the US with Over 1 Million Listings

    A36/A35 County Rd 11 Blanca, CO 81123

    Sponsored
    For Sale
    $51,900
    Added:
    Dec 11, 2024
    Days on Market:
    408

    Property Features for A36/A35 County Rd 11

    General Information

    Property type
    Land
    Lot Size
    1,715,828 SF

    We can help!

    Listing Contact
    Xing Gao
    Xing Gao

    Learn more

    HighLights

    • 39.39‑acre parcel in Costilla County, Colorado.
    • Secluded yet conveniently located near Alamosa (20 minutes), offering full amenities including restaurants, shopping, and healthcare.
    • Ideal for a primary residence or RV parking, with abundant outdoor recreation opportunities nearby.
    • Stunning views of Blanca Peak and proximity to the Rio Grande River (20 miles).
    • Easy access to San Luis State Wildlife Area (30 minutes), featuring hiking, biking, fishing, and camping.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Blanca
    County
    Costilla
    State
    Colorado
    Longitude
    -105.5784006
    Latitude
    37.4322944

    Nearby Comparable

    • $38,900
      29.29 Acres

      Costilla County Land - $38,900

      29 Acres, Mountain Views, Blanca, CO
      A16-A17 County Rd 11, Blanca, CO 81123
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      006 Bagby Ct, Blanca, CO 81123
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      Land For Sale

      Land available for sale.
      1 17 St, Blanca, CO 81123
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      5-Acre Lot in Blanca, CO

      Accessible 5-acre lot near Great Sand Dunes National Park.
      11 Sterling Ave, Blanca, CO 81123
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      Secluded Corner Lot with Views

      6+ acre corner lot with mountain views, seller financing.
      1 Blackfoot Cir, Blanca, CO 81123
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    • $44,000

      76 Acres of Land

      76 acres of land available for sale.
      76 Acres County Rd, Fort Garland, CO 81123
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    • Contact for pricing

      Land for Sale

      Land available for purchase.
      2 16 St, Blanca, CO 81123
      View Details
    • Contact for pricing

      5-Acre Lot Near Blanca

      Level 5-acre lot with easy access for off-grid living.
      14 15 St, Blanca, CO 81123
      View Details
    • Contact for pricing

      Secluded Land with Mountain Views

      Secluded land with mountain views, ideal for recreation and building.
      13 2 St, Blanca, CO 81123
      View Details
    • $127,500

      Land For Sale

      Land available for purchase.
      27624 Elder Ct, Blanca, CO 81123
      View Details

    Nearby Similar for Sale

    • $975,000

      Blanca Agricultural Property For Sale

      Agricultural property available in Blanca, Colorado.
      15.5 County Rd, Blanca, CO 81123
      View Details
    • $2,700,000
      1,800 SF

      Blanca, CO Business Compound

      12.86-acre industrial complex w/ income
      18727 County Rd, Blanca, CO 81133
      View Details

    FAQs

    Where is this land located?
    The property is located at A36/A35 County Rd 11 Blanca, CO.
    What is the asking price?
    The asking price for this property is $51,900.
    What are key features of this property?
    This property features: 39.39-acre parcel in Costilla County, Colorado.; Secluded yet conveniently located near Alamosa (20 minutes), offering full amenities including restaurants, shopping, and healthcare.; Ideal for a primary residence or RV parking, with abundant outdoor recreation opportunities nearby.
    Request Owner's contact information
    A36/A35 County Rd 11 Blanca, CO 81123
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    Blanca, CO 81123
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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
    A36/A35 County Rd 11 Blanca, CO 81123
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    We can help!
    Listing Contact
    Xing Gao
    Xing Gao
    Real Estate License ID: 822975
    Learn more
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