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

    GCR 471 #3 Grand Lake, CO 80447

    View on Map
    Claim this Listing
    For Sale
    $425,000

    LAND - Grand Lake, CO

    Lot size:
    2.19 Acres
    Added:
    Jul 18, 2025
    Days on Market:
    286
    Last Refresh:
    Apr 29 at 5:06 pm

    Property Features for GCR 471 #3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    119101100005
    Lot size
    2.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Subd: LUCY LOVE MINOR SUBDIVISION Lot: 3
    Tax Annual Amount
    1940

    We can help!

    Listing Contact
    Andrea L Cox
    Andrea L Cox

    Listing agent Andrea L Cox License #SB01300755

    Listing office Re/Max Resorts Of Grand County PO Box 39, Grand Lake, CO

    Listing date Jul 18, 2025

    MLS# 25-1075 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

    Grand Lake Horse Property Homesite

    This two-acre homesite, located within the Town of Grand Lake, is suitable for horses and offers views of Baldy Mountain and Rocky Mountain National Park. The flat parcel is treed and ready for development, with all utilities available. Up to two horses can be housed on the lot, and an Additional Dwelling Unit (ADU) is allowed. The property is located near the Grand Lake Golf Course, providing access to year-round recreation such as golf, sledding, pickleball, and cross-country skiing. National Forest and National Park lands, as well as three lakes for boating, fishing, and water recreation, are less than a mile away. Town water access, Three Lakes Sewer, and underground electric are available; propane tank is needed for building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Grand Lake
    County
    Grand
    State
    Colorado
    Longitude
    -105.845314
    Latitude
    40.254297

    Nearby Similar for Sale

    • $575,000

      Colorado Riverfront Land with Cabin

      Rare riverfront land with cabin on the Colorado River.
      12081 US HWY 34, Grand Lake, CO 80447
      View Details
    • $799,000

      Grand Lake Acreage with Workshop

      1.25 acres with 2,800 sq. ft. garage/workshop near lake.
      450 GCR 424, Grand Lake, CO 80447
      View Details
    • $1,595,000
      8,000 SF

      Grand Lake Cabins For Sale

      Eight cabins near Rocky Mountain National Park and Grand Lake.
      416 Grand Ave, Grand Lake, CO 80447
      View Details
    • $199,000

      Grand Lake Land with Lake View

      Buildable lot with unobstructed lake views and recreational access.
      35 GCR 4911, Grand Lake, CO 80447
      View Details
    • $1,690,000
      7,584 SF

      Riverside Restaurant with Living Quarters

      Destination dining with owner's/employee quarters near boardwalk and beach.
      210 Rapids Ln, Grand Lake, CO 80447
      View Details
    • $550,000

      Waterfront Lot on Columbine Lake

      Rare opportunity to own a prime waterfront lot.
      1153 GCR 494 / Columbine Dr, Grand Lake, CO 80447
      View Details
    • $898,000

      Grand Lake Restaurant/Retail Opportunity

      High-visibility restaurant or retail location near Rocky Mountain National Park.
      629 Grand Avenue, Grand Lake, CO 80447
      View Details
    • $375,000

      Land Near Grand Lake, CO

      Residential land with garage near trails, lake, and public lands.
      110 GCR 4933, Grand Lake, CO 80447
      View Details
    • $399,000

      Grand Lake Land with Lake Views

      2.3-acre lot near downtown Grand Lake with lake views.
      500 GCR 466, Grand Lake, CO 80447
      View Details
    • $125,000

      Land For Sale Grand Lake

      Unimproved land available in Grand Lake, Colorado.
      245 COUNTY ROAD 444, Grand Lake, CO 80447
      View Details
    • $465,000

      Grand Lake Land For Sale

      13.53 acre home site near Arapahoe National Forest.
      175 GCR 4110, Grand Lake, CO 80447
      View Details
    • $155,000

      Columbine Lake Mountain Paradise Land

      0.28-acre property near Columbine Lake with mountain views.
      208 County Rd 4943/Primrose Ln, Grand Lake, CO 80447
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Two-acre homesite in Grand Lake, allowing horses and ADU.
    Where is this horse & equestrian property located?
    The property is located at GCR 471 #3 Grand Lake, CO.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Horse property within the Town of Grand Lake (up to two horses allowed).; **Stunning views of Baldy Mountain and Rocky Mountain National Park.**; Ready for development with all utilities available (town water, sewer, underground electric).
    (970) 531-0804
    We can help!
    Listing Contact
    Andrea L Cox
    Andrea L Cox
    Real Estate License ID: SB01300755
    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!