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    Colorado Riverfront Recreational Land Opportunity Title is generated by Realmo AI

    1797 Co Rd 346, Rifle, CO 81650

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    122 acres with river frontage and I-70 access.

    Type:Land
    Lot size:
    122.00 Acres
    Added:
    Nov 14, 2023
    Days on Market:
    933
    Last Refresh:
    May 13 at 8:09 pm

    Property Features for 1797 Co Rd 346

    General Information

    Standard status
    Active
    Lot size
    122.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    David Sietsema, ALC

    Listing agent David Sietsema, ALC License #CO ER.100082236

    Listing office Colorado Ranch & Land Brokers

    Listing date Nov 14, 2023

    Source Crexi

    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 Colorado Ranch & Land Brokers

    HighLights

    • 3/4 mile of Colorado River frontage
    • 122 acres of property with 11+ acres of lakes
    • Easy I‑70 access for large vehicles and 3/4 mile of I‑70 frontage
    • Existing electricity on the property
    • Potential for multiple income streams: RV park, recreational water activities, wetlands mitigation bank
    • Located near Rifle, CO, with easy access to amenities and the Rifle Airport

    Overview

    Oxbow Landing encompasses 122 acres, featuring approximately 3/4 of a mile of Colorado River frontage and 3/4 of a mile of Interstate 70 frontage. The property includes over 11 acres across two lakes. Located in unincorporated Garfield County and zoned ''Rural'', the city of Rifle borders the property on multiple sides. Access is convenient for large vehicles, with a short 2.3-mile drive on a quiet county road to the nearest I-70 interchange. Existing improvements include electricity run to the property, gravel roads to parts of the property, and wildlife fencing bordering Interstate 70. Several potential uses exist for the property, ranging from an RV park/campground and residential home to a wetlands mitigation bank and recreational water activities. Combining several of these uses may create a viable business, such as an RV park, cable-powered wakeboarding park, stand-up paddleboard rentals, fishing rentals, owner’s quarters, and a small wetlands mitigation bank. The property is located in an easily accessible area off Interstate 70, a popular route for travelers. The town of Rifle, with restaurants and shopping, is nearby, and the Rifle Airport is about a 10-minute drive away. Recreational activities such as boating, fishing, and hunting are possible. The lakes could potentially support cable-powered watersports and self-powered watersports. Turkeys frequent the property.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Rifle
    County
    Garfield
    State
    Colorado
    Longitude
    -108.136
    Latitude
    39.7934

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    FAQs

    What type of property is this?
    Land - 122 acres with river frontage and I-70 access.
    Where is this land located?
    The property is located at 1797 Co Rd 346 Rifle, CO.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 3/4 mile of Colorado River frontage; 122 acres of property with **11+ acres of lakes**; Easy I‑70 access for large vehicles and 3/4 mile of I‑70 frontage
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Sietsema, ALC
    Real Estate License ID: CO ER.100082236
    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.

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