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    38849 L75 Rd Paonia, CO 81428
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    38849 L75 Rd Paonia, CO 81428

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    • Land
    • 60.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 38849 L75 Rd

    Lot size
    60.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 60-acre property in Delta County, Colorado, presents a unique opportunity for agricultural pursuits and recreational enjoyment. Located near Paonia, this secluded land boasts breathtaking valley and mountain views, including spectacular sunsets. The property is comprised of two separate parcels, offering varied terrain suitable for diverse farming practices. Twenty acres are currently irrigated using 20 shares of Stewart Mesa Ditch and Reservoir water, while an additional 30 acres possess the potential for irrigation through property water management. Three ponds provide ample water storage. Existing infrastructure includes a large metal shop, carport, and shed, ideal for equipment storage. Numerous potential building sites are available, allowing for the creation of a custom home or other structures. The property's end-of-the-road location ensures privacy while maintaining convenient proximity to Paonia's cultural attractions. Tailwater also flows onto the property, offering additional water resource possibilities. Municipal water and sewer are not available. Water rights are included in the sale price of $550,000. This is an unparalleled chance to cultivate your agricultural dreams in a peaceful, picturesque setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paonia
    County
    Delta
    State
    Colorado
    Longitude
    -107.551
    Latitude
    38.9065

    Comparable in this City

    • Value Estimation by Request
      20.90 Acres

      41511 Lamborn Mesa Rd

      Farms • 20.90 Acres
      41511 Lamborn Mesa Rd, Paonia, CO 81428
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    • Value Estimation by Request
      877 SF

      211 Grand Ave, Unit 109

      COMMERCIAL CONDOMINUIM • 877 SF
      211 Grand Ave, Paonia, CO 81428-5093
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    • Value Estimation by Request
      520 SF

      211 Grand Ave, Unit 103

      COMMERCIAL CONDOMINUIM • 520 SF
      211 Grand Ave, Paonia, CO 81428-5092
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    • Value Estimation by Request
      583 SF

      211 Grand Ave, Unit 116

      COMMERCIAL CONDOMINUIM • 583 SF
      211 Grand Ave, Paonia, CO 81428-5092
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    • Value Estimation by Request
      960 SF

      200 Main St

      COMMERCIAL (GENERAL) • 960 SF
      200 Main St, Paonia, CO 81428
      View Details
    • Value Estimation by Request
      640 SF

      134 Grand Ave

      COMMERCIAL CONDOMINUIM • 640 SF
      134 Grand Ave, Paonia, CO 81428
      View Details

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    Paonia, CO 81428
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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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    38849 L75 Rd, Paonia, CO, 81428
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