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    8772 Co Rd Milliken, CO 80543

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    8772 Co Rd Milliken, CO 80543

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

    Current Use by Public Records

    • Land

    Property Details for 8772 Co Rd

    Lot size
    91.73 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 91.73-acre agricultural property in Weld County, Colorado, presents a compelling investment opportunity. Located at 8772 Co Rd 54, Milliken, CO 80543 (APN 095728100043), this land boasts a desirable location, approximately two miles from Johnstown and with convenient access to Highway 34 and I-25. Currently zoned Ag, the property is comprised of two parcels and is currently under an annual lease agreement expiring February 14, 2024, providing immediate income potential. The asking price is $2,350,000 ($17,988/acre). While lacking water and mineral rights, the gently sloping terrain offers captivating views of the Front Range. The property's strategic location benefits from the planned expansion of CR 54 (Highway 402) into Freedom Parkway, a four-lane highway, significantly enhancing future accessibility and value. The legal description includes PT NE4 28 5 67 LOT A 2AMD REC EXEMPT 2AMDRE 2639 (.07R) and PT NE4 28-5-67 LOT B REC EXEMPT RE-5099. Weld County Planning recognizes the development potential of this site. A large water line is present in the CR 54 right-of-way. This property offers significant potential for future development and growth, making it an attractive investment for those seeking a strategic land acquisition in a rapidly developing area. The property is privately owned.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milliken
    County
    Weld
    State
    Colorado
    Longitude
    -104.895
    Latitude
    40.3779

    Comparable in this City

    • Value Estimation by Request
      133.70 Acres

      54 Co Rd

      Farms • 133.70 Acres
      54 Co Rd, Milliken, CO 80543
      View Details
    • Value Estimation
      $15,635,000
      124,058 SF

      3333 Ctr Dr

      WAREHOUSE, STORAGE • 124,058 SF
      3333 Ctr Dr, Milliken, CO 80543-9322
      View Details
    • Value Estimation by Request
      1,207 SF

      904 Broad St

      OFFICE BUILDING • 1,207 SF
      904 Broad St, Milliken, CO 80543-5009
      View Details
    • Value Estimation by Request
      0.36 Acres

      1301 Broad St

      COMMERCIAL (GENERAL) • 0.36 Acres
      1301 Broad St, Milliken, CO 80543-5034
      View Details
    • Value Estimation by Request
      1,160 SF

      23175 State Hwy 257

      RETAIL STORES (PERSONAL SERVICES) • 1,160 SF
      23175 State Hwy 257, Milliken, CO 80543-9432
      View Details
    • Value Estimation
      $900,000
      9.52 Acres

      Windsor, CO 80543

      COMMERCIAL (GENERAL) • 9.52 Acres
      Windsor, CO 80543
      View Details

    Similar Nearby for Sale

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    • $2,800,000

      91 Acres with Pivot Irrigation

      Two parcels of land suitable for agricultural or recreational use.
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    Similar Nearby for Lease

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      Fenced Land with Modular Office

      Versatile land parcel with modular office space for lease.
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      View Details
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    8772 Co Rd
    Milliken, CO 80543
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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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