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    National Forest-Adjacent Mountain Land Title is generated by Realmo AI

    Coal Creek Road, Redstone, CO 81623

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    Claim this Listing
    New
    For Sale
    $655,000

    LAND - Redstone, CO

    Lot size:
    35.00 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 12:06 am

    Property Features for Coal Creek Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR-10 RS-30
    Standard status
    Active
    APN
    272918400004
    Lot size
    35.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Subdivision: Redstone Unique-Unplatted Lot: 5B See Exhibit A
    Tax Annual Amount
    6622

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Christine Marriott Lawrence

    Listing agent Christine Marriott Lawrence License #FA100050340

    Listing office Coldwell Banker Mason Morse-Redstone 306 Redstone Blvd, Aspen, CO

    Listing date Jun 1, 2026

    MLS# 193107 Listing URL

    Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 35‑acre property near the historic village of Redstone
    • Borders National Forest
    • Vegetation includes aspens, evergreens, open meadows, and secluded forest glades
    • Direct access via a county‑maintained paved road and a shared driveway
    • Power and phone lines available at the lot line; water source is a well
    • Pitkin County approved Activity Envelope and Transferable

    Overview

    This sale offering presents a large mountain parcel suited for buyers seeking a secluded setting with natural variety. The property features a mix of aspens, evergreens, open meadows, and forested glades, creating privacy while maintaining a clear path toward future development. Direct access is available via a county-maintained paved road and a shared driveway, and power and phone lines are located at the lot line. Pitkin County has approved an Activity Envelope, which is described as transferable.

    Located in Pitkin County near the historic village of Redstone, the land borders National Forest. That backdrop supports a nature-forward lifestyle, with nearby trails identified in the remarks as Coal Basin. The parcel is presented as quiet and convenient, offering an outdoor setting that supports activities such as hiking, biking, snowshoeing, and skiing based on access to surrounding trail areas.

    For prospective buyers, this site offers a practical canvas for a rustic cabin, seasonal getaway, or lodge-style retreat, depending on how the approved Activity Envelope will be utilized. The combination of National Forest adjacency, direct road access, and available utilities at the lot line makes it a strong fit for someone planning a mountain build while prioritizing privacy and immediate access to outdoor recreation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Redstone
    County
    Garfield
    State
    Colorado
    Longitude
    -107.250723
    Latitude
    39.18514

    Nearby Similar for Sale

    • $445,000

      Land with Exceptional Views

      4.83 acre lot with utilities and stunning views.
      315 Fire House Road, Redstone, CO 81623
      View Details
    • $395,000

      Redstone Homesite with Mountain Views

      4.5-acre homesite near Redstone with utilities installed.
      250 East Creek Road, Redstone, CO 81623
      View Details

    FAQs

    What type of property is this?
    Recreation land - Mountain land with convenient paved-road access and utilities at the lot line, backing National Forest for privacy and outdoor recreation.
    Where is this recreation land located?
    The property is located at Coal Creek Road Redstone, CO.
    What is the asking price?
    The asking price for this property is $655,000.
    What are key features of this property?
    This property features: 35‑acre property near the historic village of Redstone; Borders National Forest; Vegetation includes aspens, evergreens, open meadows, and secluded forest glades
    (970) 309-4605
    We can help!
    Listing Contact
    Christine Marriott Lawrence
    Real Estate License ID: FA100050340
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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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