9144 Hwy Pagosa Springs, CO 81147
This exceptional 94.94-acre property, known as the Rusty Spur Ranch, presents a rare opportunity. Located just 4.5 miles west of Pagosa Springs, Colorado, this expansive land boasts convenient paved access via US Highway 160. The ranch offers unparalleled privacy and breathtaking views, thanks to its location and the ridge line running parallel to the highway. Ideal for a variety of uses, including cattle ranching, an equestrian facility, or a private family retreat, the property features multiple desirable homesites. Approximately 14 acres are irrigated and currently used for hay production, yielding 2,000-2,700 bales annually. The ranch is a haven for wildlife enthusiasts, with abundant deer, fox, and other animals. Mature Ponderosa Pines, Gamble Oak, and Cottonwoods line Stollsteimer Creek, which meanders through the property, providing a reliable water source. The property is fully fenced and cross-fenced, and includes several existing sheds, though they require some maintenance. There are no covenants, HOA fees, or conservation easements. This is a blank canvas awaiting your vision, offering a unique blend of natural beauty, convenience, and potential. The property's topography allows for homesites offering both privacy and stunning natural beauty. A rough road provides easy access to the back of the property. The asking price is $998,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.