Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    San Luis Land For Sale Title is generated by Realmo AI

    N Melby Ranch Rd lot 33, San Luis, CO 81152

    View on Map
    Claim this Listing
    For Sale
    $35,000

    LAND - San Luis, CO

    Lot size:
    36.98 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    103
    Last Refresh:
    Jun 2 at 10:06 pm

    Property Features for N Melby Ranch Rd lot 33

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RUR
    Standard status
    Active
    APN
    73300330
    Lot size
    36.98 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    M.R.N. LOT 33 CONT. 36.983 AC
    Tax Annual Amount
    481

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Lacey McCarthy
    Lacey McCarthy

    Listing agent Lacey McCarthy License #CO 100073651

    Listing office RE/MAX Associates 1310 HWY 50 W, Pueblo, CO

    Listing date Feb 19, 2026

    MLS# 237147 Listing URL

    Copyright © 2026 Pueblo Association 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.

    HighLights

    • Breathtaking mountain views
    • Abundant wildlife including wild horses
    • Open space and room to expand
    • Ideal for building a dream home
    • Potential for unique Airbnb getaway
    • Off‑grid property with endless possibilities

    Overview

    This 36.98-acre property in San Luis, Colorado, offers open space and mountain views. The land is zoned RUR. It is suitable for camping, building a home, or creating an Airbnb getaway. The property provides opportunities for expansion and off-grid living. Potential buyers may consider adding solar panels, a septic tank, and a well or cistern for utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    San Luis
    County
    Costilla
    State
    Colorado
    Longitude
    -105.4239012
    Latitude
    37.2008482

    Nearby Similar for Sale

    • $120,000

      San Luis Land with Electricity

      160-acre land near San Luis, Colorado, with great access.
      333 W Valley Drive, San Luis, CO 81152
      View Details
    • $10,000

      San Luis Valley Ranches Land

      Nearly 5-acre parcel in the heart of Colorado's landscape.
      County Rd 104, San Luis, CO 81152
      View Details
    • $25,000

      Heavily Wooded Mountain Land

      5.32-acre lot with towering trees for off-grid retreat.
      6187 Starkbeather Road, San Luis, CO 81152
      View Details
    • $32,500

      Mountain Retreat Land For Sale

      5.4 acre mountain land parcel with privacy and views.
      Lot 6070 Vreeland Rd, San Luis, CO 81152
      View Details
    • $50,000

      80 Acres of Secluded Land

      80 acres with domestic/stock well eligibility in San Luis Valley.
      80 ac Cherokee and 1st St, San Luis, CO 81152
      View Details
    • $19,000

      Rocky Mountain Land Parcel

      6+ acres of pine and aspen trees in Colorado.
      Lot 6090 Vreeland Rd, San Luis, CO 81152
      View Details
    • $130,000
      2,012,908 SF

      Mountain Property in Sangre de Cristo

      46+ acres of mountain property with aspen trees.
      64121 Ryland Road, San Luis, CO 81152
      View Details
    • $7,200

      Wild Horse Mesa Land Parcel

      Secluded off-grid land with mountain views on Wild Horse Mesa.
      Parcel 17 Alta Mesa Dr, San Luis, CO 81152
      View Details
    • $7,200

      Secluded Mountain Retreat Opportunity

      Secluded off-grid land with mountain views for independent living.
      Parcel 40 Alta Mesa Dr, San Luis, CO 81152
      View Details
    • $7,500

      Wild Horse Mesa Land Parcel

      2.53 acre parcel for off-grid dream build.
      33 Mesa Dr E, San Luis, CO 81152
      View Details
    • $25,500

      San Luis Valley Land Parcel

      9-acre parcel in San Luis Valley with mountain views.
      Lot 430-431 Road V5, San Luis, CO 81152
      View Details
    • $45,900

      Land with Mountain Views

      2.52-acre parcel with utilities and mountain views near San Luis.
      Lot 14 Little Norway Subdivision, San Luis, CO 81152
      View Details

    FAQs

    What type of property is this?
    Land - 36.98 acres of land with mountain views in San Luis.
    Where is this land located?
    The property is located at N Melby Ranch Rd lot 33 San Luis, CO.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Breathtaking mountain views; Abundant wildlife including wild horses; Open space and room to expand
    (719) 252-4050
    We can help!
    Listing Contact
    Lacey McCarthy
    Lacey McCarthy
    Real Estate License ID: CO 100073651
    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
    N Melby Ranch Rd lot: 33, San Luis, CO 81152
    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!