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

    8Th St Calhan, CO 80808

    • Land
    For Sale
    View listing
    $100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 8Th St

    Property type
    Land

    Description

    This exceptional 15,000 square foot commercial land parcel presents a unique development opportunity in the thriving town of Calhan, Colorado. Situated conveniently off Highway 24 and directly behind the Dollar General store, this property boasts excellent visibility and accessibility from Eighth Street. The lot's prime location ensures high traffic volume and exposure, making it ideal for a variety of commercial ventures. With an asking price of $100,000, this represents a compelling investment at a price per acre of $290,400. The property's Assessed Parcel Number (APN) is 2202207003. This level, developable land offers significant potential for businesses seeking a strategic location in El Paso County, Colorado, with easy access to major transportation routes. The 80808 zip code provides access to a growing community and a strong local economy. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Calhan
    County
    El Paso
    State
    Colorado
    Longitude
    -104.303
    Latitude
    39.034

    Comparable in this City

    • Value Estimation by Request

      6 St

      Land
      0 6 St, Calhan, CO 80808
      View Details
    • Value Estimation by Request
      172.94 Acres

      22825 Co-94

      Multifamily properties • 172.94 Acres
      22825 Co-94, Calhan, CO 80808
      View Details
    • Value Estimation by Request
      39.74 Acres

      0000 Log Rd

      Farms • 39.74 Acres
      0000 Log Rd, Calhan, CO 80808
      View Details
    • Value Estimation by Request
      8.48 Acres

      Hwy 94

      VACANT COMMERCIAL LAND • 8.48 Acres
      Hwy 94, Calhan, CO 80808
      View Details
    • Value Estimation by Request
      2.63 Acres

      Flying Vw

      VACANT COMMERCIAL LAND • 2.63 Acres
      Flying Vw, Calhan, CO 80808
      View Details
    • Value Estimation by Request
      0.11 Acres

      3060 Flying Vw, Unit 13

      VACANT COMMERCIAL LAND • 0.11 Acres
      3060 Flying Vw, Calhan, CO 80808-7915
      View Details

    Similar Nearby for Sale

    • $269,000
      35.01 Acres

      Colorado Land with Mountain Views

      35-acre parcel near Colorado Springs with mountain views.
      20120 Dusty Spur Trl, Calhan, CO 80808
      View Details
    • $97,416

      Land For Sale

      Land available for sale.
      31755 Vorenberg Rd, Calhan, CO 80808
      View Details
    • $185,000
      39.83 Acres

      Land Near Springs East Airport

      Almost 40 acres near airport, suitable for private hangar.
      3255 N Log Rd, Calhan, CO 80808
      View Details
    • $124,900

      Land For Sale

      Land available for sale.
      00027 County Road 77, Calhan, CO 80808
      View Details
    • $1,900,000

      Land Available on County Road

      Land for sale on County Road 77, Calhan, CO
      00011-00032 County Road 77, Calhan, CO 80808
      View Details
    • $124,900

      Land For Sale

      Land available for sale.
      17 County Road 77, Calhan, CO 80808
      View Details
    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.
    8Th St
    Calhan, CO 80808
    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!