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    175 Ouray Rd South Fork, CO 81154

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    175 Ouray Rd South Fork, CO 81154

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    • Commercial real estate
    • 0.51 lot acres
    Off-Market
    Property ID
    US13-1417896
    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 175 Ouray Rd

    Lot size
    0.51 lot acres
    Property type
    Commercial real estate

    Description

    Embrace the mountain lifestyle with this exceptional 0.51-acre residential lot nestled in the desirable Alpine Estates subdivision of South Fork, Colorado. Located at 175 Ouray Rd, this level lot offers breathtaking mountain views and is conveniently situated just off paved County Road 15, at the intersection of Ouray and Farnsworth Roads. Priced affordably at $39,750, this property presents a unique opportunity to build your dream home or vacation retreat without the constraints of HOA restrictions or covenants. Enjoy the freedom to design and build exactly what you envision. The property's prime location provides easy access to South Fork (5 minutes away) and Del Norte (15 minutes away), offering a blend of tranquility and convenience. Outdoor enthusiasts will appreciate the proximity to the Rio Grande River (3-minute drive), providing access to fishing, kayaking, and other water activities. Surrounded by nearly 2 million acres of national forest, the area offers abundant opportunities for hiking, skiing, snowmobiling, and other outdoor adventures. South Fork is experiencing significant growth, making this an excellent investment opportunity in a rapidly appreciating market. Land values in the area have shown consistent increases, averaging $10,000 annually for the past three years. Don't miss this chance to own a piece of Colorado's stunning mountain landscape. The property is zoned for residential use and is ready for immediate development. Schedule a viewing today and discover the potential of this remarkable property. Zip code: 81154.

    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
    South Fork
    County
    Rio Grande
    State
    Colorado
    Longitude
    -106.573728
    Latitude
    37.686404

    Comparable in this City

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      Turnkey Restaurant and Income Property

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      South Fork RV Park and Lodge

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      Multi-Use Property in Del Norte, CO

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    • $739,900
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      Mountain Getaway with Well and Power

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    Similar Nearby for Sale

    • $495,000
      3,837 SF

      Turnkey Restaurant and Income Property

      Restaurant and income property in the heart of South Fork, CO.
      30333 Us Highway 160, South Fork, CO 81154
      View Details
    • $2,165,000
      18,134 SF

      South Fork RV Park and Lodge

      Resort-type property with motel, cabins, RV spaces, and apartments.
      30359 Us Highway 160 W, South Fork, CO 81154
      View Details
    • $380,000
      3,151 SF

      Multi-Use Property in Del Norte, CO

      Four-unit property with residential and office space potential.
      750 Grand Ave, Del Norte, CO 81154
      View Details
    • $739,900
      77.34 Acres

      South Fork Land with Mountain Views

      77.34 acres with well, septic, and mountain views.
      1094 Valley View Rd, South Fork, CO 81154
      View Details
    • $995,000
      10.03 Acres

      South Fork Commercial Land Opportunity

      10+/- acres of commercial land with highway frontage and mountain views.
      Park Dr, South Fork, CO 81154
      View Details
    • $284,999
      11.14 Acres

      Mountain Getaway with Well and Power

      11+ acre mountain property with well, power, and driveway.
      535 Elk Ct, South Fork, CO 81154
      View Details
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    South Fork, CO 81154
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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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