0 Crowfoot Valley Rd Castle Rock, CO 80108
Exceptional 78.67-acre property in Castle Rock, Colorado, presents a unique investment opportunity. Located on Crowfoot Valley Road, zip code 80108, this expansive land boasts stunning rolling hills, rock and tree outcroppings, and is fully fenced. Currently used for cattle grazing, it features a cattle reservoir and existing outbuildings. The property is zoned AG1 & LRR, offering low annual property taxes of approximately $6,000. This strategic location is directly across from Macanta, a large master-planned community, and lies within the path of future Douglas County expansion as detailed in their Master Plan. Development possibilities are numerous, including maintaining the land as a long-term investment, creating a private ranch, developing 10-acre luxury lots, or pursuing rezoning for a larger subdivision. With over half the land zoned AG1, this property offers a blend of agricultural and residential potential, making it an ideal investment for discerning buyers seeking a versatile and high-value asset in a rapidly growing area. The property's existing infrastructure and convenient access to Castle Rock further enhance its appeal. The asking price is $10,800,000, translating to approximately $137,385 per acre.
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
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