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    10697 County Road 43 Drake, CO 80515
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    10697 County Road 43, Drake, CO 80515

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    • Commercial real estate
    • 153.68 lot acres
    For Sale
    $898,050
    View Listing →
    Scenic Mountain Retreat Land For Sale
    $898,050

    Scenic Mountain Retreat Land

    153-acre mountain retreat with privacy, natural beauty, and recreational opportunities.

    10697 County Road 43, Drake, CO 80515
    View Listing
    Property ID
    US13-2384396
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10697 County Road 43

    Lot size
    153.68 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 153.68-acre property in Larimer County, Colorado, presents a unique opportunity for outdoor enthusiasts and investors alike. Located near Drake, CO, with the zip code 80515, at 10697 County Road 43 (40.464445, -105.4087289), this land boasts a mountainous topography with stunning views and abundant wildlife. The property features a variety of recreational opportunities, including big game, small game, predator/varmint, and turkey hunting. Fishing and ATV riding are also readily available, thanks to the presence of a nearby stream/river. The land is heavily wooded, offering privacy and seclusion. The permitted zoning is NEC. The estimated 2022 property taxes were $1,388.07. This expansive parcel provides ample space for building a dream cabin or simply enjoying the natural beauty of the Colorado landscape. The elevation is approximately 7000 feet. The lot size, as per assessor/tax data, is 153.68 acres. The property's location offers easy access to the charming towns of Drake, Glenn Haven, Estes Park, and Loveland, while still maintaining a sense of peaceful isolation. Buyers will appreciate the crisp mountain air and the breathtaking views of the Rocky Mountains. This is a rare chance to own a significant piece of Colorado's natural heritage. The property's diverse terrain and abundant wildlife make it an ideal location for a variety of outdoor activities.

    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
    Drake
    County
    Larimer
    State
    Colorado
    Longitude
    -105.4087289
    Latitude
    40.464445

    Comparable in this City

    • $250,000

      Land with Sweeping Mountain Views

      5-acre land bordering Roosevelt National Forest with well and septic.
      805 Meadows Dr, Drake, CO 80515
      View Details
    • $250,000

      Land with Sweeping Mountain Views

      5-acre land bordering Roosevelt National Forest with well and septic.
      805 Meadows Dr, Drake, CO 80515
      View Details
    • $85,000

      Mountain Retreat with Panoramic Views

      1.8 acre lot near Loveland and Estes Park.
      938 Snow Top Dr, Drake, CO 80515
      View Details
    • $99,500
      0.93 Acres

      Land with Longs Peak Views

      Stunning mountain property with panoramic views near Estes Park.
      165 Wolf Dr, Drake, CO 80515
      View Details
    • $675,000

      Secluded Mountain Retreat Land

      80-acre off-grid mountain property near Estes Park, Colorado.
      591599 Soul Shine Rd, Drake, CO 80515
      View Details
    • $125,000
      8.23 Acres

      8-Acre Mountain Lot in Drake

      Private 8-acre mountain lot with views and year-round access.
      Bowser Ln, Drake, CO 80515
      View Details

    Similar Nearby for Sale

    • $85,000

      Tranquil Mountain Retreat Land

      1.8 acre mountain property with panoramic views and abundant wildlife.
      938 Snow Top Dr, Drake, CO 80515
      View Details
    • Contact for pricing

      Land with Longs Peak Views

      Stunning mountain property with panoramic views near Estes Park.
      165 Wolf Dr, Drake, CO 80515
      View Details
    • New
      $175,000
      1.88 Acres

      Ready-to-Build Mountain Land Parcel

      Nearly 2-acre parcel with leveled site, pole barn, and water/septic infrastructure for off-grid retreat or hobby farm.
      1830 Palisade Mountain Dr, Drake, CO 80515
      View Details
    • $675,000

      Secluded Mountain Retreat Land

      80-acre off-grid mountain property near Estes Park, Colorado.
      591599 Soul Shine Rd, Drake, CO 80515
      View Details
    • $125,000
      4.85 Acres

      Land in Drake, Colorado

      4.85 acres near Roosevelt National Forest.
      Storm Mountain Dr, Drake, CO 80515
      View Details
    • $125,000
      8.23 Acres

      8-Acre Mountain Lot in Drake

      Private 8-acre mountain lot with views and year-round access.
      Bowser Ln, Drake, CO 80515
      View Details
    View Listing
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    Drake, CO 80515
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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.

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