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    1087 Pronghorn Trl Del Norte, CO 81132

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    1087 Pronghorn Trl Del Norte, CO 81132

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    • Commercial real estate
    • 58.00 lot acres
    Off-Market
    Property ID
    US13-1406793
    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 1087 Pronghorn Trl

    Lot size
    58.00 lot acres
    Property type
    Commercial real estate
    APN
    3109001005

    Description

    This exceptional 58-acre residential lot, located at 1087 Pronghorn Trail in Del Norte, Colorado (zip code 81132), presents a unique opportunity to own a piece of the stunning Southern Colorado landscape. Priced at $116,000 ($2,000/acre), this property boasts panoramic mountain, valley, and rock outcropping views. The land features natural grasses and evergreen trees, and is situated within a gated community, Pronghorn Ranch. Multiple buildable locations exist on this expansive parcel. Enjoy convenient access to the town of Del Norte, approximately two miles away, offering amenities such as restaurants, a grocery store, and Rio Grande Hospital. Outdoor enthusiasts will appreciate the proximity to various recreational activities, including hiking, skiing, snowmobiling, and ATV trails. The property also benefits from an adjoining 640-acre state lease available for recreational use and borders Bureau of Land Management (BLM) lands to the east, providing access to extensive public lands. Nearby towns such as Monte Vista, South Fork, and Alamosa are also within a reasonable driving distance. Wolf Creek Ski Area is a 45-minute drive. The property's APN is 3109001005, and it is zoned for residential single-family use. Wildlife viewing opportunities abound, with mule deer, elk, cranes, and other animals frequently sighted in the area. This is a rare opportunity to own a substantial piece of land in a beautiful and recreationally rich part of Colorado.

    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
    Del Norte
    County
    Rio Grande
    State
    Colorado
    Longitude
    -106.3465717
    Latitude
    37.6301066

    Comparable in this City

    • $71,000
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      40 Acres Off-Grid Living

      Land with mountain views, privacy, and off-grid potential.
      Tbd, Del Norte, CO 81132
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    • $52,425
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      Del Norte Residential Land

      41.94-acre residential lot in a gated community.
      41 Wapiti Rdg Rd, Del Norte, CO 81132
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    • $72,500
      35.14 Acres

      35+ Acre Buildable Parcel

      Off-grid living opportunity near Del Norte with mountain views.
      120 Highland Rd, Del Norte, CO 81132
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    • New
      $185,000
      10.20 Acres

      Pinos Creek Waterfront Land

      10-acre property with creek frontage near Del Norte, Colorado.
      12 Yund Subdivision On Cr14, Del Norte, CO 81132
      View Details
    • $175,000
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      La Garita Hunting Land Bordering Public

      80-acre hunting land bordering public land in Game Management Unit.
      Tbd Tbd, Del Norte, CO 81132
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    • $140,000
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      38 Acres with Strong Well

      38-acre property with a strong well and mountain views.
      15 @ Twin Mtn Rd, Del Norte, CO 81132
      View Details

    Similar Nearby for Sale

    • $71,000
      40.00 Acres

      40 Acres Off-Grid Living

      Land with mountain views, privacy, and off-grid potential.
      Tbd, Del Norte, CO 81132
      View Details
    • $52,425
      41.94 Acres

      Del Norte Residential Land

      41.94-acre residential lot in a gated community.
      41 Wapiti Rdg Rd, Del Norte, CO 81132
      View Details
    • $72,500
      35.14 Acres

      35+ Acre Buildable Parcel

      Off-grid living opportunity near Del Norte with mountain views.
      120 Highland Rd, Del Norte, CO 81132
      View Details
    • New
      $185,000
      10.20 Acres

      Pinos Creek Waterfront Land

      10-acre property with creek frontage near Del Norte, Colorado.
      12 Yund Subdivision On Cr14, Del Norte, CO 81132
      View Details
    • $175,000
      80.00 Acres

      La Garita Hunting Land Bordering Public

      80-acre hunting land bordering public land in Game Management Unit.
      Tbd Tbd, Del Norte, CO 81132
      View Details
    • $140,000
      38.00 Acres

      38 Acres with Strong Well

      38-acre property with a strong well and mountain views.
      15 @ Twin Mtn Rd, Del Norte, CO 81132
      View Details
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    Del Norte, CO 81132
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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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