Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Parachute, Colorado Title is generated by Realmo AI

    Parachute, CO 81635, Parachute, CO 81635

    View on Map
    Claim this Listing
    For Sale
    $624,000

    LAND - Parachute, CO

    Lot size:
    23.18 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    89
    Last Refresh:
    May 26 at 7:06 pm

    Property Features

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    23.18 Acres

    We can help!

    Listing Contact
    Julie Piland
    Julie Piland

    Listing agent Julie Piland License #100044654

    Listing office Real Colorado Properties Grand Junction, CO

    Listing date Feb 26, 2026

    MLS# 811748

    Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Location: [-108.04486,39.458218]
    • Additional Property Details available.
    • Description provided.
    • Top 6 Selling Points from All Property Information included.
    • Property Information available.
    • Analyze the following property information from a real estate listing.

    Overview

    This property comprises 23.18 acres of land located in Parachute, Colorado. The land is designated for agricultural and commercial real estate use.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Parachute
    County
    Garfield
    State
    Colorado
    Longitude
    -108.0448603
    Latitude
    39.4582165

    Nearby Similar for Sale

    • $699,000
      1,700 SF

      Updated Commercial Property in Parachute

      Remodeled commercial property with income potential in downtown Parachute, CO.
      258 S Railroad Avenue, Parachute, CO 81635
      View Details
    • $325,000
      1,245 SF

      Historic Commercial Building - Remodeled

      Remodeled 1906 commercial building with original architectural features.
      103 1st Street, Parachute, CO 81635
      View Details
    • $350,000

      Expansive Land Parcel in Parachute

      6.70 acres of flat land with mountain views.
      Stone Quarry Road, Parachute, CO 81635
      View Details
    • $1,000,000

      Parachute, CO Commercial Land

      Almost 4 acres with I-70 access and visibility.
      Cardinal Way, Parachute, CO 81635
      View Details
    • $799,000

      Colorado River Frontage Acreage

      70+ acre riverfront property with mountain views near Parachute.
      Tbd#1 & 2 Cr 300 (Stone Quarry Road), Parachute, CO 81635
      View Details
    • $120,000

      Land with Golf Course Views

      Residential lot with 360-degree views, ideal for building.
      18 Rampart Place, Parachute, CO 81635
      View Details
    • $255,000

      Land in Parachute, Colorado

      1.38 acre commercial land for sale in Parachute, Colorado.
      TBD 2 Mosher Avenue, Parachute, CO 81635
      View Details
    • $135,000

      Commercial Lot on Main Street

      Prime commercial lot in Parachute, Colorado, with high visibility.
      136 E 1st Street, Parachute, CO 81635
      View Details
    • $1,200,000

      23 Acres Development Opportunity

      Prime land parcel in Parachute, Colorado, for mixed-use development.
      County Rd 301, Parachute, CO 81635
      View Details
    • $600,000

      80 Acres Vacant Land

      80-acre vacant land near Wallace Creek, Parachute, Colorado.
      TBD CO 306 RD, Parachute, CO 81635
      View Details
    • $3,300,000

      Colorado Ranch with Live Water

      550-acre ranch featuring live water, hunting, and agricultural opportunities.
      3312 306 County Rd, Parachute, CO 81635
      View Details
    • $120,000

      Golf Course Lot For Sale

      Vacant lot on a scenic Colorado golf course.
      143 Boulder Ridge Drive, Parachute, CO 81653
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 23.18 acre land parcel in Parachute, Colorado.
    Where is this agricultural land / farmland located?
    The property is located at Parachute, CO.
    What is the asking price?
    The asking price for this property is $624,000.
    What are key features of this property?
    This property features: Location: [-108.04486,39.458218]; Additional Property Details available.; Description provided.
    (970) 256-9700
    We can help!
    Listing Contact
    Julie Piland
    Julie Piland
    Real Estate License ID: 100044654
    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
    Parachute, CO 81635
    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!