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    Rare Estes Park Development Opportunity Title is generated by Realmo AI

    Raven Rock Rd, Estes Park, CO 80517

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    Claim this Listing
    For Sale
    $2,750,000

    LAND - Estes Park, CO

    Lot size:
    10.13 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    78
    Last Refresh:
    May 23 at 3:06 am

    Property Features for Raven Rock Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A - Accomo
    Standard status
    Active
    APN
    R1668123
    Lot size
    10.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    15718

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Sam Basel

    Listing agent Sam Basel

    Listing office eXp Realty - Estes Park 517 Big Thompson Ave #301, Estes Park, CO

    Listing date Mar 6, 2026

    MLS# 1053244 Listing URL

    Copyright © 2026 IRES 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

    • Rare 10‑acre parcel in Estes Park, offering significant scale for development.
    • Expansive, unobstructed views of the Mummy Range, Twin Sisters, and surrounding Rocky Mountain peaks.
    • Approved development plan for 38 duplex townhome units already in place.
    • Flexibility to modify existing development plans and design project to fit specific vision.
    • Accommodations zoning allows for diverse development options (townhomes, hotel/lodging, short‑term rentals, workforce housing) without vacation rental permit cap restrictions.
    • Seller is open to creative purchase scenarios, providing financial flexibility.

    Overview

    This approximately 10-acre property in Estes Park, Colorado, presents a development opportunity with accommodations zoning. The site is currently platted for 38 duplex townhome units under an approved development plan, and the next owner may explore modifications through the Town of Estes Park's development process. With infrastructure not yet installed and no finalized HOA covenants, developers have flexibility to design the project to fit their vision. The Accommodations zoning designation allows a variety of uses including townhomes, hotel or lodging concepts, short-term rental communities, workforce housing, or long-term residences, subject to town approval. Properties developed under this zoning are not subject to the town's vacation rental permit cap. The property also offers views of the Mummy Range, Twin Sisters, and 360 degrees of the surrounding Rocky Mountain peaks, along with open space. The seller is open to creative purchase scenarios. Opportunities combining accommodations zoning, scale, and mountain views are rare in Estes Park.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Estes Park
    County
    Larimer
    State
    Colorado
    Longitude
    -105.601
    Latitude
    40.3978

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    FAQs

    What type of property is this?
    Commercial land - 10-acre property with accommodations zoning in Estes Park, Colorado.
    Where is this commercial land located?
    The property is located at Raven Rock Rd Estes Park, CO.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Rare 10‑acre parcel in Estes Park, offering significant scale for development.; Expansive, unobstructed views of the Mummy Range, Twin Sisters, and surrounding Rocky Mountain peaks.; Approved development plan for 38 duplex townhome units already in place.
    (970) 215-0759
    We can help!
    Listing Contact
    Sam Basel
    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.

    More about this property
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