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    Tbd County Rd 94 Delhi, CO 81059

    • Land
    • 2,360.00 lot acres
    For Sale
    View listing
    $1,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd County Rd 94

    Lot size
    2,360.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    Exceptional 2,360± acre Colorado hunting and grazing ranch located near Delhi, in Las Animas County. This property offers a unique blend of diverse wildlife habitat and economic potential. The ranch supports a thriving ecosystem including mule deer, elk, pronghorn, bighorn sheep, coyotes, and other species, making it ideal for hunting enthusiasts. A reliable solar-powered water well ensures adequate water for both livestock and wildlife. The land features a mix of pinyon-juniper woodlands, meadows, and diverse native grasses, creating a visually stunning and ecologically rich environment. The ranch's location adjacent to the Apishapa State Wildlife Area (7,935± acres) further enhances its hunting potential. Current uses include cattle grazing, with additional income potential through hunting leases or personal use. The property's size and location are suitable for applying for landowner tags, adding further value. The Apishapa River, a seasonal tributary, flows through the canyon. This property presents a rare opportunity to own a significant piece of southeastern Colorado's iconic landscape, combining recreational pursuits with potential for economic returns. The asking price is $1,800,000. Located at TBD County Road 94, Model, CO 81059.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delhi
    County
    Las Animas
    State
    Colorado
    Longitude
    -104.188
    Latitude
    37.6589

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      50216 Us Hwy 350

      MINI-WAREHOUSE, STORAGE • 2,800 SF
      50216 Us Hwy 350, Model, CO 81059-9772
      View Details
    • Value Estimation by Request

      14589 County Rd P P

      CHARITABLE ORGANIZATION
      14589 County Rd P P, Model, CO 81059-9607
      View Details
    • Value Estimation by Request
      1,750 SF

      Model, CO 81059

      MINI-WAREHOUSE, STORAGE • 1,750 SF
      Model, CO 81059
      View Details

    Similar Nearby for Sale

    • $1,800,000
      2,360.00 Acres

      South Apishapa Ranch: Prime Hunting Land

      2,360 Acres Colorado Hunting Ranch
      0 Tbd County Rd 94, Delhi, CO 81059
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    • $1,650,000

      Land for Agricultural Use

      Land available for farming and ranching in Model, Colorado.
      94 County Rd, Model, CO 81059
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    • $1,650,000
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      Colorado Ranch with Hunting Potential

      2360-acre ranch in Model, CO, ideal for grazing and hunting.
      94 County Rd, Model, CO 81059
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    • Contact for pricing
      40.00 Acres

      40 Acres Recreational Land, Delhi

      40 acres of secluded, wooded recreational land bordering Comanche Grasslands.
      Las Animas Rnch, Delhi, CO 81059
      View Details
    • New
      Contact for pricing
      40.00 Acres

      Land Parcel in Las Animas County

      40-acre parcel near Model, Colorado, ideal for investment or building.
      County Road 93.9, Thatcher, CO 81059
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    • Contact for pricing
      38.80 Acres

      Secluded Land in Longhorn Ranch

      38-acre parcel perfect for camping, hunting, and investment.
      Long Horn Rnch, Model, CO 81059
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    Tbd County Rd 94
    Delhi, CO 81059
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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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