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    1460 Karlann Dr Black Hawk, CO 80422
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    Property profile & analytics

    1460 Karlann Dr Black Hawk, CO 80422

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    • Commercial real estate
    • 120.00 lot acres
    Off-Market
    Property ID
    US13-1133819
    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 1460 Karlann Dr

    Lot size
    120.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 120-acre property in Gilpin County, Colorado, presents a unique opportunity. Situated at 9,250 feet, near Black Hawk, and just 45 minutes from Denver and Boulder, this secluded estate offers unparalleled privacy and tranquility. The property includes a 4,470 square foot main residence, completed in 2006, and a 4,000+ square foot detached barn. The main home boasts a stunning 2-story great room with 35-foot vaulted ceilings, a 27-foot stone fireplace, panoramic windows, and a chef's kitchen. High-end finishes include hand-polished Venetian plaster walls, concrete floors with hydronic radiant heat, African mahogany and Spanish Cedar wood cabinetry, and hammered copper sinks. The detached barn features a garage, bathroom, and a second-level space suitable for an office, recreation room, or guest suite. The property is located adjacent to a lush meadow, with abundant wildlife, rolling hills, aspen groves, evergreens, and flowing creeks. The location at the headwaters of South Beaver Creek provides a dependable supply of clean water year-round. The home's passive solar design and advanced mechanical systems offer the potential for off-grid living. The asking price is $4,999,999. The property is zoned for single-family residential use (SFR) and has potential for subdivision into three 40-acre parcels, subject to Gilpin County approval. With an estimated current replacement cost of $2,000 per square foot for the home, this property offers an incredible value and limitless possibilities. The address is 1460 Karlann Dr, Black Hawk, CO 80422.

    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
    Black Hawk
    County
    Gilpin
    State
    Colorado
    Longitude
    -105.4807388
    Latitude
    39.8730758

    Comparable in this City

    • Contact for pricing

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      Land Near Central City

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      Secluded 40-acre mountain sanctuary bordering U.S. Forest Service land.
      850 Lupine Pl, Black Hawk, CO 80422
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      Land Bordering National Forest

      6.3 acres with Continental Divide views and utilities on-site.
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    Similar Nearby for Sale

    • $459,000

      40 Acres Near Mount Thorodin

      Secluded 40-acre mountain sanctuary bordering U.S. Forest Service land.
      850 Lupine Pl, Black Hawk, CO 80422
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    • Contact for pricing

      Land For Sale

      Land available for sale.
      1650 Upper Apex Rd, Black Hawk, CO 80422
      View Details
    • $1,200,000

      Land Near Central City

      Resource Residential land, walking distance to Central City amenities.
      1650 Upper Apex Rd, Central City, CO 80422
      View Details
    • $459,000

      40 Acres Near Mount Thorodin

      Secluded 40-acre mountain sanctuary bordering U.S. Forest Service land.
      850 Lupine Pl, Black Hawk, CO 80422
      View Details
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    Black Hawk, CO 80422
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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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