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    2031 Hwy Franktown, CO 80116
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    2031 Hwy Franktown, CO 80116

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    • Commercial real estate
    • 1.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2031 Hwy

    Lot size
    1.17 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.17-acre commercial land parcel presents a unique investment opportunity in the thriving town of Franktown, Colorado. Located at 2031 N Highway 83, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial ventures. The expansive acreage offers ample space for development, allowing for significant flexibility in design and functionality. Its strategic location along Highway 83 ensures high traffic volume and excellent exposure to potential customers. The property's zoning allows for various commercial uses, subject to local regulations and approvals. This presents a blank canvas for entrepreneurs and investors seeking to establish a strong presence in a rapidly growing area. The asking price of $2,999,000 reflects the significant potential and prime location of this exceptional commercial land. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this remarkable property. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a substantial piece of Franktown's commercial landscape. The property is ready for immediate development, offering a streamlined path to realizing your business vision. This is a rare opportunity to secure a prominent commercial site in a desirable and expanding Colorado community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franktown
    County
    Douglas
    State
    Colorado
    Longitude
    -104.753
    Latitude
    39.3917

    Comparable in this City

    • Value Estimation
      $715,000
      5,700 SF

      389 Castlewood Cyn Rd

      COMMERCIAL (GENERAL) • 5,700 SF
      389 Castlewood Cyn Rd, Franktown, CO 80116-9055
      View Details
    • Value Estimation by Request
      13.00 Acres

      & Castle Oaks Parker Rd

      Land • 13.00 Acres
      & Castle Oaks Parker Rd, Centennial, CO 80116
      View Details
    • Value Estimation by Request
      5.00 Acres

      2077 Kelty Rd

      Land • 5.00 Acres
      2077 Kelty Rd, Franktown, CO 80116
      View Details
    • Value Estimation
      $1,100,000
      4,718 SF

      2077 State Hwy 83

      RESTAURANT • 4,718 SF
      2077 State Hwy 83, Franktown, CO 80116-5051
      View Details
    • Value Estimation
      $560,000
      3,808 SF

      7601 Burning Tree Dr

      OFFICE (GENERAL) • 3,808 SF
      7601 Burning Tree Dr, Franktown, CO 80116-9503
      View Details
    • Value Estimation by Request
      6,166 SF

      2042 Kelty Rd

      AUTO REPAIR, GARAGE • 6,166 SF
      2042 Kelty Rd, Franktown, CO 80116-9601
      View Details

    Similar Nearby for Sale

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      50 Acres with Mountain Views

      Premium land with barn, views, and agricultural potential.
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    • $550,000

      Vacant Land in Franktown, Colorado

      Spacious land parcel in Franktown, perfect for building your dream home.
      104 Bill Davis Rd, Franktown, CO 80116
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    • $4,500,000

      36 Acre Ranch in Franktown

      36-acre ranch with development potential near Castlewood Canyon State Park.
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      View Details
    Request Owner's contact information
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    2031 Hwy
    Franktown, CO 80116
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    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
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