Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gurley Lake Acreage Opportunity Title is generated by Realmo AI

    Lot 36 North Gurley Lake Drive, Norwood, CO 81423

    View on Map
    Claim this Listing
    For Sale
    $239,000

    35-acre lot with recreation access in Western Colorado.

    Type:Land / Land
    Lot size:
    35.00 Acres
    Added:
    May 26, 2026
    Days on Market:
    8
    Last Refresh:
    May 27 at 8:10 am

    Property Features for Lot 36 North Gurley Lake Drive

    General Information

    Standard status
    Active
    Lot size
    35.00 Acres
    Property subtype
    Land / Land

    We can help!

    Listing Contact
    Daniel Dockray
    Daniel Dockray

    Listing agent Daniel Dockray License #233507864

    Listing office LIV Sotheby's International Realty- MainSt

    Listing date May 26, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of LIV Sotheby's International Realty- MainSt

    HighLights

    • 35 private acres offering space and privacy.
    • Access to private fishing at Gurley Lake.
    • Located in the Gurley Lake community with year‑round recreation.
    • Close proximity to hiking, biking, horseback riding, and Miramonte Reservoir.
    • Peaceful Western Colorado setting.
    • Roughly 15 minutes from Norwood and within reach of Telluride.

    Overview

    Located within the Gurley Lake community, Lot 36 encompasses 35 private acres, providing space and privacy with access to year-round recreation. Owners benefit from private fishing access at Gurley Lake, along with opportunities for hiking, biking, and horseback riding nearby, and access to Miramonte Reservoir. This property offers a peaceful Western Colorado setting suitable as a mountain getaway or a place to enjoy the outdoors. Situated approximately 15 minutes from Norwood and within reach of Telluride, this acreage presents an ownership opportunity in the region.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Norwood
    County
    San Miguel
    State
    Colorado
    Longitude
    -108.289
    Latitude
    38.0926

    Nearby Similar for Sale

    • $2,300,000
      2,768 SF

      Colorado Ranch with Public Land Access

      359-acre ranch bordering National Forest and BLM land.
      1305 Thunder Road, Norwood, CO 81423
      View Details
    • $599,000
      6,490 SF

      Corner Lot in Downtown Norwood

      Commercial land in downtown Norwood, excellent location for development.
      1450 Grand Avenue, Norwood, CO 81423
      View Details
    • $1,125,000

      80 Acres of Land, Norwood

      80 acres of land for sale in Norwood, Colorado.
      80 AC TBD 42ZS Road, Norwood, CO 81423
      View Details
    • $1,195,000

      335 Acres Land in Norwood

      335 acres of land for sale in Norwood, Colorado.
      31U Highway, Norwood, CO 81423
      View Details
    • $174,000

      Norwood, CO Land For Sale

      38.12 acre land parcel in Norwood, Colorado.
      N Gurley Reserve, Norwood, CO 81423
      View Details
    • $249,000

      36.85 Acres with Mountain Views

      Land with utilities, mountain views, and recreation access near Telluride.
      246 La Mesa Vis Dr, Norwood, CO 81423
      View Details
    • $249,000
      8,712 SF

      Prime Norwood Commercial Lot

      Generous lot in downtown Norwood, ideal for mixed-use development.
      1655 GRAND AVENUE, Norwood, CO 81423
      View Details
    • $549,000
      6,490 SF

      Downtown Norwood Building on Large Lots

      Large building in downtown Norwood, suitable for various uses.
      1450 GRAND AVE Avenue, Norwood, CO 81423
      View Details

    FAQs

    What type of property is this?
    Land - 35-acre lot with recreation access in Western Colorado.
    Where is this land located?
    The property is located at Lot 36 North Gurley Lake Drive Norwood, CO.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: 35 private acres offering space and privacy.; Access to private fishing at Gurley Lake.; Located in the Gurley Lake community with year‑round recreation.
    (970) 708-0666
    We can help!
    Listing Contact
    Daniel Dockray
    Daniel Dockray
    Real Estate License ID: 233507864
    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
    Lot 36 North Gurley Lake Drive, Norwood, CO 81423
    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!