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    8096 Maverick Ln Ordway, CO 81063
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    8096 Maverick Ln Ordway, CO 81063

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

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8096 Maverick Ln

    Year built
    2018
    Lot size
    2.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.5-acre property in Ordway, Colorado presents a turnkey opportunity for a thriving outdoor marijuana cultivation business. The fully fenced property (8-foot fence with a 20-foot gate) includes 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 boasts 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 operation offers significantly lower operating costs compared to urban cultivation. There's potential for substantial growth, as the state may approve a Tier 2 plant increase, potentially doubling the recreational plant count to 3,600. This is one of four identical lots available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ordway
    County
    Crowley
    State
    Colorado
    Longitude
    -103.724
    Latitude
    38.3598

    Comparable in this City

    • Value Estimation by Request
      12,960 SF

      8294 Maverick Ln

      Commercial real estate • 12,960 SF
      8294 Maverick Ln, Ordway, CO 81063
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    • Value Estimation by Request
      5.20 Acres

      8618 Maverick Ln

      Land • 5.20 Acres
      8618 Maverick Ln, Ordway, CO 81063
      View Details
    • Value Estimation by Request
      2.50 Acres

      8098 Maverick Ln

      Commercial real estate • 2.50 Acres
      8098 Maverick Ln, Ordway, CO 81063
      View Details
    • Value Estimation by Request
      21.60 Acres

      18055 County Road G

      Commercial real estate • 21.60 Acres
      18055 County Road G, Ordway, CO 81063
      View Details
    • Value Estimation by Request
      2.57 Acres

      19515 Tamarack Ln

      Farms • 2.57 Acres
      19515 Tamarack Ln, Ordway, CO 81063
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    • Value Estimation by Request
      6,200 SF

      8032 Maverick Ln

      Commercial real estate • 6,200 SF
      8032 Maverick Ln, Ordway, CO 81063
      View Details

    Similar Nearby for Sale

    • $2,400,000
      21.60 Acres

      Ordway, CO Commercial Park Investment

      Mobile Home & RV Park - Huge Potential!
      18055 County Road G, Ordway, CO 81063
      View Details
    • Contact for pricing

      Cultivation Business Opportunity

      2.5 acres, fenced, with warehouse and water tanks.
      8098 Maverick Ln, Ordway, CO 81063
      View Details
    • Contact for pricing

      8096 Maverick Lane, Ordway, CO 81063

      Cannabis Properties
      8096 Maverick Ln, Ordway, CO 81063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      91,912 SF

      Ordway Agricultural Production Facility

      2.11-acre property with greenhouse and warehouses for rent.
      19970 Tamarack Ln, Ordway, CO 81063
      View Details
    • Contact for pricing
      174,240 SF

      Ordway Agricultural Production Facility

      4-acre property with greenhouse and warehouses for agricultural production.
      19554 Tamarack Ln, Ordway, CO 81063
      View Details
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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.

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