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    22825 Co-94 Calhan, CO 80808
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    22825 Co-94, Calhan, CO 80808

    View on Map
    • Mobile home & RV parks
    • 172.94 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 22825 Co-94

    Year built
    1970
    Lot size
    172.94 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Land

    Description

    Exceptional investment opportunity: Prairie Estates Mobile Home Park, a 99-pad residential community situated on 172.94 acres in Calhan, Colorado, is offered at $7,700,000. Built in 1970, this established park boasts 97 tenant-owned pads and significant expansion potential. Located directly off Highway 94, it's a 13-minute drive from Schriever Air Force Base and within 20 minutes of Colorado Springs, providing affordable housing near major employers. The property's ample water resources support up to 260 pads, allowing for substantial growth. The highway frontage presents commercial development possibilities. Recent improvements include landscaping enhancements and a major cleanup. This value-add opportunity is situated in a rapidly developing area, designated as an Opportunity Zone, and benefits from below-market rents. The existing infrastructure and substantial acreage offer a unique chance to increase cash flow and capitalize on the area's growth. This property presents a compelling investment in a thriving Colorado market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Calhan
    County
    El Paso
    State
    Colorado
    Longitude
    -104.405
    Latitude
    38.8378

    Comparable in this City

    • Value Estimation
      $6,665,000
      1,250 SF

      575 Biggs Rd, Unit 906

      MOBILE HOME PARK, TRAILER PARK
      575 Biggs Rd, Calhan, CO 80808-8800
      View Details
    • Value Estimation
      $3,330,000
      625 SF

      895 Monument St

      MOBILE HOME PARK, TRAILER PARK
      895 Monument St, Calhan, CO 80808-8663
      View Details
    • Value Estimation
      $3,330,000
      625 SF

      331 Log Rd

      MOBILE HOME PARK, TRAILER PARK
      331 Log Rd, Calhan, CO 80808
      View Details
    • Value Estimation
      $6,915,000
      1,297 SF

      1095 Ellicott Hwy

      MOBILE HOME PARK, TRAILER PARK
      1095 Ellicott Hwy, Calhan, CO 80808
      View Details
    • Value Estimation
      $3,330,000
      625 SF

      695 Tiger Pt, Unit 755

      MOBILE HOME PARK, TRAILER PARK
      695 Tiger Pt, Calhan, CO 80808-7854
      View Details
    • Value Estimation by Request
      10,339 SF

      Bunny Vw

      MOBILE HOME PARK, TRAILER PARK
      Bunny Vw, Calhan, CO 80808
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Calhan Mobile Home Park

      Mobile home park with city utilities in Calhan, Colorado.
      Monument St, Calhan, CO 80808
      View Details
    • $1,800,000
      4.06 Acres

      Calhan Mobile Home Park

      Mobile home park with city utilities in Calhan, Colorado.
      875 Monument St, Calhan, CO 80808
      View Details
    • Contact for pricing

      Stunning Countryside Retreat Land Parcel

      Land parcel with breathtaking views, ideal for custom home.
      6 Mcclelland Rd, Calhan, CO 80808
      View Details
    • Contact for pricing
      Pending

      35 Acres with Mountain Views

      Land with mountain views, utilities, and subdivision potential.
      9540 N Log Rd, Calhan, CO 80808
      View Details
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    22825 Co-94
    Calhan, CO 80808
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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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