4023 Teller 1 Rd Divide, CO 80813
Lost Burro Campground & Lodging presents a remarkable investment opportunity in Divide, Colorado. This established business sits on 21.56 acres, conveniently located just four miles northwest of Cripple Creek and an hour from Colorado Springs. The property encompasses three parcels and boasts 75 campsites, catering to a variety of recreational vehicles, including large RVs. Forty-five campsites offer 30-amp service, and many feature pull-through access for ease of use. Six campsites provide full hookups, complemented by two fully serviced RV trailers included in the sale. A Conex container offers valuable on-site storage. The campground provides essential amenities such as Wi-Fi, pet-friendly accommodations, and a convenient dump station. On-site facilities include a camp office, a playground, and four restrooms equipped with showers. The property's natural surroundings offer abundant recreational opportunities, including hiking, biking, fishing, and wildlife viewing. Nearby attractions such as Red Mountain, Rhyolite Mountain, Mueller State Park, Ormes Peak, and Cripple Creek enhance the appeal of this location. Beyond the campsites, the property includes a substantial 1600-square-foot shop/garage, ten additional RV campers, a cabin with a loft bedroom, and a smaller maintenance shop. The campground benefits from an established customer base and presents significant potential for growth and expansion. This turnkey operation offers a unique blend of natural beauty, recreational opportunities, and established business infrastructure. The asking price is $1,850,000.
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.
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.