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    7965 Penrose Blvd Frederick, CO 80530

    For Sale
    $2,150,000

    12.83 Acres, R-2 Zoning, $2.15M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 12.83-acre parcel in Frederick, Colorado, presents a prime multi-unit residential development opportunity. Located in Weld County, the property boasts R-2 zoning and is priced at $2,150,000 ($3.85/sq ft). The land is comprised of two lots (Lot A: 8.17 acres, Lot B: 4.66 acres). A concept plan outlines a potential 97-unit residential development. Extensive due diligence has already been completed, including geotechnical reports, sketch plans, a new survey, water analysis, a traffic study, and a list of mineral leases. The property's strategic location offers convenient access to I-25, providing easy commutes to Fort Collins, Boulder, and Denver. The current mill levy is 101.53. Raw water is not included. This is a rare chance to capitalize on Frederick's thriving growth and build a significant residential community in a highly desirable location. The comprehensive development documents provided significantly reduce the time and cost associated with project initiation. This presents a compelling investment opportunity for developers seeking a well-positioned project with substantial pre-development work already completed.

    Property Features for 7965 Penrose Blvd

    General Information

    Property type
    Land
    Lot Size
    558,875 SF

    HighLights

    • $2,150,000 asking price ($3.85/SF).
    • Located in Weld County, Colorado.
    • 12.83‑acre site (8.17 acres + 4.66 acres).
    • Current mill levy: 101.53.
    • R‑2 residential zoning.
    • Raw water not included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Weld
    State
    Colorado
    Longitude
    -104.9194298
    Latitude
    40.0883167

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    FAQs

    What type of property is this?
    Land - 12.83 Acres, R-2 Zoning, $2.15M
    Where is this land located?
    The property is located at 7965 Penrose Blvd Frederick, CO.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: $2,150,000 asking price ($3.85/SF).; Located in Weld County, Colorado.; 12.83-acre site (8.17 acres + 4.66 acres).
    (303) 444-4888
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    7965 Penrose Blvd Frederick, CO 80530
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    Frederick, CO 80530
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    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
    7965 Penrose Blvd Frederick, CO 80530
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