Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nathrop Land with Mountain Views Title is generated by Realmo AI

    Falcon Drive, Nathrop, CO 81236

    View on Map
    Claim this Listing
    For Sale
    $179,900

    Unimproved Land - Nathrop, CO

    Type:Unimproved Land
    Lot size:
    3.50 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    32
    Last Refresh:
    May 9 at 7:06 am

    Property Features for Falcon Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Zoning
    Residential
    Parking features
    Carport, Garage
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    3.50 Acres

    Taxes and HOA fees

    Expense value
    400
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Austin Campbell
    Austin Campbell

    Listing agent Austin Campbell

    Listing office Summit Realty, Inc PO BOX 928, Buena Vista, CO

    Listing date Apr 8, 2026

    MLS# 9011709 Listing URL

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

    HighLights

    • Incredible views of Chalk Cliffs, Mt. Princeton, and Buffalo Peaks.
    • 3.5 acre heavily treed lot providing a private retreat.
    • Located in Eagles Roost subdivision near Mt. Princeton Hot Springs Resort.
    • Access to community water system; water tap fee paid.
    • Walkable access to National Forest and nearby fishing.
    • Easy commute to Buena Vista and Salida; close to rafting, skiing, and mountain biking.

    Overview

    This 3.5-acre heavily treed lot offers views of the Chalk Cliffs, Mt. Princeton, and Buffalo Peaks. Located in the Eagles Roost subdivision, it is situated near the Mt. Princeton Hot Springs Resort. The property provides access to the community water system, and the water tap fee has been paid. National Forest access is within walking distance, and fishing is available nearby. The location allows for convenient commutes to Buena Vista and Salida. Recreational opportunities such as rafting on the Arkansas River, skiing at Monarch Mountain, and mountain biking are easily accessible. This lot is suitable for building a cabin.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Nathrop
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.167175
    Latitude
    38.718051

    Nearby Similar for Sale

    • $4,086,500

      Riverfront Land Opportunity in Nathrop

      7.27 acre land for custom ranch near Arkansas River.
      2 Highway 285, Nathrop, CO 81236
      View Details
    • $4,086,500

      Arkansas Riverfront Ranch Opportunity

      7.27-acre ranch opportunity near Buena Vista, Colorado, with river access.
      2 Highway 285, Nathrop, CO 81236
      View Details
    • $269,000

      Nathrop Land with Mountain Views

      2.22 acre lot with exceptional mountain views.
      13001 County Road 261p, Nathrop, CO 81236
      View Details
    • $654,000
      1,096 SF

      Scenic Acreage with Infrastructure in Place

      10.96-acre homesite with panoramic views near Mount Princeton Hot Springs.
      21160 Skyline Drive lot: 15, NATHROP, CO 81236
      View Details
    • $6,540,500

      Arkansas Riverfront Ranch Opportunity

      Land for custom ranch home near Buena Vista, Colorado.
      3 Highway 285, Nathrop, CO 81236
      View Details
    • $6,540,500

      Arkansas Riverfront Ranch Opportunity

      23.41-acre ranch opportunity backing to the Arkansas River.
      3 Highway 285, Nathrop, CO 81236
      View Details
    • $375,000

      Land Parcel with Mountain Views

      4.49 acre parcel with Collegiate Peaks views.
      10314 Rawhide Creek, Nathrop, CO 81236
      View Details
    • $1,550,000
      988 SF

      Nathrop Ranch with Remodeled Home

      129-acre ranch featuring a remodeled home and water rights.
      11355 E County Road 270, Nathrop, CO 81236
      View Details
    • $250,000

      Land with Mountain Views

      Land with building site, views, and access to recreation.
      13584 County Road 261b, Nathrop, CO 81236
      View Details
    • $117,000

      Arkansas River Access Property

      Gated community with river access and included RV.
      10795 County Road 197a, Nathrop, CO 81236
      View Details
    • $4,086,500

      Arkansas Riverfront Ranch Opportunity

      Legacy niche river development opportunity near Buena Vista, Colorado.
      2 Highway 285, Nathrop, CO 81236
      View Details
    • $269,000

      Land for Sale in Nathrop

      Land available in Mesa Antero subdivision, Chaffee County.
      13001 County Road 261p, Nathrop, CO 81236
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.5-acre treed lot with views near Mt. Princeton Hot Springs.
    Where is this residential land & home lot located?
    The property is located at Falcon Drive Nathrop, CO.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: Incredible views of Chalk Cliffs, Mt. Princeton, and Buffalo Peaks.; 3.5 acre heavily treed lot providing a private retreat.; Located in Eagles Roost subdivision near Mt. Princeton Hot Springs Resort.
    (719) 395-8616
    We can help!
    Listing Contact
    Austin Campbell
    Austin Campbell
    Real Estate License ID: 100035953
    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

    Thank You for Inquiry
    Falcon Drive, Nathrop, CO 81236
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!