2095 Co Rd New Castle, CO 81647
This exceptional 62-acre property in New Castle, Colorado, presents a unique investment opportunity. Located less than two miles from downtown New Castle, this land boasts stunning views and is bordered by Main Elk Creek and East Elk Creek. The property is zoned for agricultural use and includes two existing homes currently generating rental income. A well is already in place, with additional water rights negotiable. Enjoy the peace and quiet of a rural setting while remaining conveniently close to amenities. A grocery store is nearby, Glenwood Springs is a short 20-minute drive, and Rifle Airport is accessible within 30 minutes. Outdoor enthusiasts will appreciate the proximity to the Flattop Mountains, easily accessible via Elk Creek, and the short driving distance to Harvey Gap and Rifle Gap State Parks for boating. The asking price for this irreplaceable property is $4,996,000. This expansive parcel offers significant development potential, combining the tranquility of nature with the convenience of nearby urban centers. The property's location, existing infrastructure, and abundant natural resources make it an ideal investment for those seeking a blend of rural charm and urban accessibility.
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.