Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Arlyn Way lot 38-39 Wray, CO 80758

    View on Map
    Claim this Listing
    For Sale
    $60,000

    LAND - Wray, CO

    Lot size:
    0.61 Acres
    Added:
    Jul 2, 2025
    Days on Market:
    303
    Last Refresh:
    Apr 30 at 3:06 pm

    Property Features for Arlyn Way lot 38-39

    General Information

    Property type
    Land
    Property subtype
    Other
    Interior features
    Open Floorplan
    Standard status
    Active
    APN
    W001425
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    WRAY, SOUTH RIDGE 4TH FILING Lot 38-39
    Tax Annual Amount
    3275

    We can help!

    Listing Contact
    Amber Lemon

    Listing agent Amber Lemon License #100004488

    Listing office Coldwell Banker Elevated Realty 107 S 6th, Kremmling, CO

    Listing date Jul 2, 2025

    MLS# 25-970 Listing URL

    Copyright © 2026 Grand County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in South Ridge

    Located in the South Ridge subdivision, this 0.61-acre lot offers an open country feel with the conveniences of city living. The property provides views and space for building a home. Situated in a neighborhood, it is located minutes from schools and Main Street. Public utilities are available. An adjacent 0.54-acre lot is also available for purchase, creating a combined total of 1.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wray
    County
    Yuma
    State
    Colorado
    Longitude
    -102.215063
    Latitude
    40.060372

    Nearby Similar for Sale

    • $200,000
      1,584 SF

      Turnkey Restaurant Opportunity in Wray

      Fully equipped restaurant ready for a new owner.
      416 Main Street, Wray, CO 80758
      View Details
    • $60,000

      Residential Land in South Ridge

      Residential land with utilities available in established neighborhood.
      Arlyn Way lot: 36-37, Wray, CO 80758
      View Details
    • $40,000

      Vacant Land in Wray, Colorado

      Residential lot available for new home construction in Wray.
      810 Iliff Street, Wray, CO 80758
      View Details
    • $10,000

      Scenic View Vacant Land

      Residential land with scenic views, perfect for building a home.
      TBD Dexter Street, Wray, CO 80758
      View Details
    • $59,000

      Vacant Land Outside City Limits

      One-acre vacant land parcel with drilled well near Wray, Colorado.
      TBD County Road HH.1, Wray, CO 80758
      View Details
    • $59,000

      Vacant Land in Canyon Ridge

      Vacant land outside city limits with well, needs power.
      TBD County Road HH.4, Wray, CO 80758
      View Details
    • $100,000

      Vacant Land Near Wray Airport

      Commercial land suitable for business venture or expansion.
      TBD Wray Industrial Park, Wray, CO 80758
      View Details

    FAQs

    What type of property is this?
    Land - 0.61 acre lot in Wray, Colorado, ready for building.
    Where is this land located?
    The property is located at Arlyn Way lot 38-39 Wray, CO.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Large .61 acre lot offering an open country feel within city limits.; Opportunity to purchase adjacent .54 acre lot for a total of 1.15 acres.; Located in the desirable South Ridge subdivision.
    (970) 531-2149
    We can help!
    Listing Contact
    Amber Lemon
    Real Estate License ID: 100004488
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!