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    Cope, CO 80812

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    Cope, CO 80812

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

    Current Use by Public Records

    • Land

    Property Details

    Lot size
    640.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This 640-acre agricultural property in Washington County, Colorado, presents a compelling investment opportunity. Currently in wheat stubble, this productive dryland farm boasts approximately 628 tillable acres, with an additional 11.2 acres comprised of grass, gas wells, and roads. Conveniently located approximately 6 miles north of the Arickaree School and 23 miles south of Otis, Colorado, access is provided via County Road PP bordering the east side, and trail roads to the north and south. The property is situated 2 miles west of paved County Road RR, accessible via County Road 17 west to County Road PP, then north for 1 mile. The FSA base includes 79.80 acres of wheat with a 26-bushel PLC yield, 13.20 acres of grain sorghum with a 20-bushel PLC yield, and 23.30 acres of barley with a 27-bushel PLC yield. Real estate taxes for 2024 are listed at $953.90. The legal description is Section 31, T2S-R50W. Mineral rights were previously reserved. Possession is granted upon closing. This offering represents a significant opportunity for agricultural investment in a desirable location. The property's size, productive capacity, and convenient access make it an attractive prospect for experienced farmers and investors alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cope
    County
    Washington
    State
    Colorado
    Longitude
    -103.02
    Latitude
    39.8359

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      Cope, CO 80812

      VACANT COMMERCIAL LAND • 0.04 Acres
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    • Value Estimation by Request
      1,980 SF

      45400 Wasington Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,980 SF
      45400 Wasington Ave, Cope, CO 80812-5007
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    • Value Estimation by Request
      3,145 SF

      45370 Us Hwy 36

      SERVICE STATION (FULL SERVICE) • 3,145 SF
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    • Value Estimation by Request
      0.98 Acres

      4s-49

      MINI-WAREHOUSE, STORAGE • 0.98 Acres
      4s-49, Cope, CO 80812
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    • Value Estimation by Request
      708 SF

      45109 Us Hwy 36

      OFFICE BUILDING • 708 SF
      45109 Us Hwy 36, Cope, CO 80812
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    • Value Estimation by Request
      0.34 Acres

      45395 Us Hwy 36

      MINI-WAREHOUSE, STORAGE • 0.34 Acres
      45395 Us Hwy 36, Cope, CO 80812
      View Details

    Similar Nearby for Sale

    • $889,850

      Agricultural Land with Crop Offering

      Land available with a share of the growing crop.
      1120 County Road B, Cope, CO 80812
      View Details
    • $995,000
      680.00 Acres

      680 Acres Vacant Land

      Large vacant land parcel available in Cope, Colorado.
      36806 Wa County Rd 3, Cope, CO 80812
      View Details
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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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