22825 Co-94 Calhan, CO 80808
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.