8098 Maverick Ln Ordway, CO 81063
This exceptional 2.5-acre property in Ordway, Colorado presents a lucrative opportunity for a cannabis cultivation business. The fully fenced (8-foot fence with a 20-foot gate) property boasts five 3,500-gallon water tanks, providing ample irrigation via seasonal municipal water access. The existing infrastructure is perfectly suited for outdoor cultivation, having successfully operated for two years, averaging 1,800 recreational and 360 medicinal plants. All necessary licenses are included in the sale. A substantial 3,500-square-foot (50' x 70') metal warehouse building, constructed in 2021, features a concrete floor, drains, and plumbed-in bathrooms. The building sits on a septic tank. The county permits mobile homes and campers, offering additional housing options. The property benefits from robust electrical service (110/220 and 277/480 single and three-phase power) and natural gas availability in the street, allowing for potential indoor cultivation expansion. Located in a cannabis-friendly county, this presents a cost-effective alternative to higher-cost urban cultivation operations. There's potential for significant growth, as state approval of a Tier 2 plant increase could double the recreational plant count to 3,600. This is one of four identical lots available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.