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    Highway 105 Palmer Lake, CO 80133
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    Highway 105, Palmer Lake, CO 80133

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

    Current Use by Public Records

    • Land

    Property Details for 0 Highway 105

    Lot size
    13.01 lot acres
    Property type
    Land

    Description

    This exceptional 13.01-acre commercial land parcel presents a unique investment opportunity in the desirable Palmer Lake, Colorado market. Located conveniently on Highway 105, this property boasts a prime location with excellent visibility and accessibility. The land is zoned CC & PUD, offering considerable flexibility for a variety of commercial development projects. With a total area of 568,156 square feet, the land is priced competitively at $8 per square foot. The property's assessed parcel numbers are 7105430005, 7105430008, and 7105430009. Annual property taxes for 2019 were recorded at $1,485.57. This expansive tract offers significant potential for developers seeking a strategic location in El Paso County, Colorado, with easy access to major transportation routes and a thriving community. The property's size and zoning make it suitable for a wide range of commercial uses, from retail and office spaces to light industrial developments. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The address is Highway 105, Palmer Lake, CO 80133. This is a rare opportunity to acquire a substantial commercial land holding in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palmer Lake
    County
    El Paso
    State
    Colorado
    Longitude
    -104.901
    Latitude
    39.1136

    Comparable in this City

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      0.23 Acres

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      7,700 SF

      860-876 Highway 105

      Distribution properties
      860-876 Highway 105, Palmer Lake, CO 80133
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      3.22 Acres

      Hwy 105

      VACANT COMMERCIAL LAND
      Hwy 105, Palmer Lake, CO 80133
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      1.28 Acres

      Mdw Ln

      VACANT COMMERCIAL LAND
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      0.93 Acres

      640 Illumination Pt

      VACANT COMMERCIAL LAND
      640 Illumination Pt, Palmer Lake, CO 80133
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    • Value Estimation by Request
      1,710 SF

      320 Hwy 105

      COMMERCIAL (GENERAL)
      320 Hwy 105, Palmer Lake, CO 80133-9028
      View Details

    Similar Nearby for Sale

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      Land For Sale

      Land available for sale.
      Highway 105, Palmer Lake, CO 80133
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      Palmer Lake Land For Sale

      13.01 acres of land in Palmer Lake, Colorado.
      Highway 105, Palmer Lake, CO 80133
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    • $100,000
      Pending

      Land with Mountain Views

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      3,517 SF

      Industrial Property with Flexible Space

      Industrial property in Palmer Lake with immediate cash flow.
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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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    • Contact for pricing
      1,150 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
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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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