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    201 Pinecrest Way Palmer Lake, CO 80133
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    201 Pinecrest Way Palmer Lake, CO 80133

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    Property Details for 201 Pinecrest Way

    Property type
    Specialty properties
    Property subtype
    Retirement homes

    Description

    This stunning 8,182 square foot log lodge, situated on a sprawling 2.8 acres in the desirable Palmer Lake, Colorado community, presents a unique investment opportunity. The property, located at 201 Pinecrest Way, boasts breathtaking hilltop views and offers exceptional versatility. The main lodge itself sits on 2.14 acres, with an additional 0.66 acres available across three adjacent parcels, providing ample space for expansion or the development of complementary amenities. The property's tranquil setting and beautiful construction make it ideally suited for a variety of uses. Potential applications include, but are not limited to, a bed and breakfast, retreat center, marriage ministry, drug rehabilitation center, behavioral health facility, or a high-end Airbnb. Its convenient location offers easy access to Colorado Springs, enhancing its appeal and potential for success. The asking price for this exceptional property is $2,395,000. The property is zoned for hospitality use and is located in El Paso County, Colorado, zip code 80133. This is a rare opportunity to acquire a substantial property with significant development potential in a picturesque Colorado setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palmer Lake
    County
    El Paso
    State
    Colorado
    Longitude
    -104.913
    Latitude
    39.1129

    Comparable in this City

    • Value Estimation by Request
      1,864 SF

      204 Vale St

      HOMES (RETIRED, NURSING) • 1,864 SF
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    • Value Estimation
      $860,000
      15,769 SF

      421 Hwy 105

      HOMES (RETIRED, NURSING) • 15,769 SF
      421 Hwy 105, Palmer Lake, CO 80133-9003
      View Details
    • Value Estimation by Request
      0.21 Acres

      Colorado Spgs Cir

      CHARITABLE ORGANIZATION • 0.21 Acres
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    • Value Estimation by Request
      0.22 Acres

      Colorado Spgs Cir

      CHARITABLE ORGANIZATION • 0.22 Acres
      Colorado Spgs Cir, Palmer Lake, CO 80133
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    • Value Estimation by Request
      0.23 Acres

      Colorado Spgs Cir

      CHARITABLE ORGANIZATION • 0.23 Acres
      Colorado Spgs Cir, Palmer Lake, CO 80133
      View Details
    • Value Estimation by Request
      24,000 SF

      707 County Line Rd

      Distribution properties • 24,000 SF
      707 County Line Rd, Palmer Lake, CO 80133
      View Details

    Similar Nearby for Sale

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      Land For Sale

      Land available for sale.
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    • New
      $100,000
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      Land with Mountain Views

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    Similar Nearby for Lease

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      1,250 SF

      Retail/Office Suites in Palmer Lake

      Retail and office suites for lease with high visibility.
      860-876 Highway 105, Palmer Lake, CO 80133
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    • $1,750 /Mo
      1,000 SF

      Mixed-Use Building in Palmer Lake

      Mixed-use building with retail, office, and industrial spaces for rent.
      755 Highway 105, Palmer Lake, CO 80133
      View Details
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    Palmer Lake, CO 80133
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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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