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    11 Co Rd Blanca, CO 81123

    • Land
    • 19.54 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 11 Co Rd

    Lot size
    19.54 lot acres
    Property type
    Land

    Description

    This 19.54-acre parcel offers stunning mountain views in Costilla County, Colorado. Located in the Trinchera Colony neighborhood, it provides a secluded yet accessible location, just 20 minutes from Alamosa. Alamosa offers a full range of amenities including restaurants, banks, hospitals, grocery stores, hardware stores, schools, and a Walmart. The property is zoned residential and allows for RVs and manufactured homes (1976 or newer, meeting specific snow and wind load requirements). Two dwellings are permitted, including a main house and a secondary structure. No HOA fees or building time limits exist. While utilities are not connected, options include solar power, hauled water (with a nearby filling station), and septic system installation. The area boasts abundant outdoor recreation opportunities, including proximity to the San Luis State Wildlife Area (30 minutes away), offering hiking, biking, fishing, hunting, and camping. Blanca Peak and the Rio Grande River are also within a reasonable distance. The property is ideal for a primary residence, vacation home, or RV parking. Minimum dwelling size is 600 square feet per Costilla County Land Use Code. Short-term RV camping is permitted for up to 14 days every three months

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blanca
    County
    Costilla
    State
    Colorado
    Longitude
    -105.601
    Latitude
    37.4684

    Comparable in this City

    • Value Estimation by Request
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      39.39 Acres

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      4.82 Acres

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      9.65 Acres

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      2.22 Acres

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      Farms • 2.22 Acres
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    • Value Estimation by Request
      9.90 Acres

      A27 County Rd

      Farms • 9.90 Acres
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    Similar Nearby for Sale

    • $51,900
      39.39 Acres

      A36/A35 County Rd 11

      Land • 39.39 Acres
      A36/A35 County Rd 11, Blanca, CO 81123
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    • Contact for pricing
      2.22 Acres

      Forbes Park Ranch Land

      2.22 Acres Mountain View
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    • $38,900
      29.29 Acres

      Costilla County Land - $38,900

      29 Acres, Mountain Views, Blanca, CO
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    • Contact for pricing

      Land with Existing Concrete Slab

      Land for sale featuring a 25x25 concrete slab.
      25811 Fairview Rd, Blanca, CO 81123
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    • $75,000

      Acreage with Mountain Views

      Acreage with small home, well, septic, and mountain views.
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    • $49,500

      Land with Partially Built Home

      Land with permitted septic, driveway, and partially built home.
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    11 Co Rd
    Blanca, CO 81123
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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