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    52 Cor I-76 & Hwy Wiggins, CO 80654

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    52 Cor I-76 & Hwy Wiggins, CO 80654

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    • Land
    • 81.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 52 Cor I-76 & Hwy

    Lot size
    81.00 lot acres
    Property type
    Land

    Description

    This exceptional 81-acre commercial development site in Wiggins, Colorado, presents a unique investment opportunity. Strategically located at the southwest corner of I-76 and Highway 52, this property offers unparalleled access to major transportation arteries, providing easy connectivity to Denver and Northern Colorado. The site is currently undergoing significant infrastructure improvements, with roads and utilities actively being built out. The property is divisible into tracts ranging from 1.26 acres to over 11 acres, offering flexibility for various development projects. Approved zoning allows for a diverse range of uses, including retail, commercial, light industrial, and multi-family residential developments. A Business Improvement District has been established to support development, and four Colorado Department of Transportation (CDOT) access permits have already been secured. High-speed internet access (1 Gigabit) is available. Comprehensive studies, including traffic, utility, drainage, boundary, annexation, and topography surveys, are available for review. The property retains mineral rights and includes restrictions against truck stops and gas stations. A nearby Ziggi's Coffee is currently under development, further enhancing the area's appeal. This prime location, coupled with its infrastructure and zoning advantages, makes this an ideal site for a variety of commercial ventures. Detailed development documents are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wiggins
    County
    Morgan
    State
    Colorado
    Longitude
    -104.056
    Latitude
    40.2454

    Comparable in this City

    • Value Estimation by Request
      81.00 Acres

      52 Cor I-76 & Hwy

      Land • 81.00 Acres
      52 Cor I-76 & Hwy, Wiggins, CO 80654
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    • Value Estimation by Request
      83.40 Acres

      34 Tbd Hwy

      Land • 83.40 Acres
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      37.61 Acres

      144Th Ave

      Farms • 37.61 Acres
      0 144Th Ave, Byers, CO 80654
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      663.00 Acres

      8604 Co Rd

      Farms • 663.00 Acres
      8604 Co Rd, Wiggins, CO 80654
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    • Value Estimation by Request
      3,200 SF

      106 Central Ave

      COMMERCIAL (GENERAL) • 3,200 SF
      106 Central Ave, Wiggins, CO 80654-8929
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    • Value Estimation by Request

      Wiggins, CO 80654

      COMMERCIAL (GENERAL)
      Wiggins, CO 80654
      View Details

    Similar Nearby for Sale

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    Wiggins, CO 80654
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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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