Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    227 Red Feather Rd South Fork, CO 81154
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    227 Red Feather Rd South Fork, CO 81154

    View on Map
    • Residential land & home lots
    For Sale
    $67,244
    View Listing →
    Buildable Lot with Mountain Views For Sale
    $67,244
    0.96 Acres

    Buildable Lot with Mountain Views

    0.96-acre lot near South Fork with wells and mountain views.

    227 Red Feather Road, South Fork, CO 81154
    View Listing
    Property ID
    US13-1365219
    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

    • Residential land & home lots

    Property Details for 227 Red Feather Rd

    Property type
    Residential land & home lots

    Description

    227 Red Feather Rd is a buildable +/- 0.96-Acre Lot! Discover an ideal location to build your dream home on this spacious 0.96 +/- acre lot at 227 Red Feather Rd. Nestled in a spot with breathtaking views of the San Juan Mountains to the south, west, and north, and the distant Sangre de Cristo Mountains to the east on clear days, this property offers an unparalleled living experience. Key Features: * Three Sides Roadway Access: The lot is bordered by roads on three sides, ensuring no future construction will obstruct your stunning mountain views. * Water Access: The property boasts three wells—two with permits and one unpermitted. One well includes a stainless-steel hand pump, ideal for immediate use. * Septic System: A locally engineered septic system design and soil tests have been completed, with records available for review. * Driveway Access: Driveway permits have been paid, and access has been established on both the east and west sides. * Improved Areas: * Driveway: Weed barrier and road base installed on a 15' x 30' section. * Shed Area: Weed barrier and road base prepared for a 15' x 20' section. * Solar Panel Area: Weed barrier and road base installed on a 10' x 20' section. Located 5 minutes from South Fork, CO in a non-HOA residential area, and just a short drive from the Rio Grande River, this property is perfect for those who love the great outdoors. Enjoy off-roading adventures right in your backyard and immerse yourself in the natural beauty of the area. Don't miss this unique opportunity to own a piece of Colorado with unmatched views. water wells in place and electricity nearby. Call today for more information and/or to schedule a visit. This residential area is located in the county and allows short-terms rentals that are in compliance with Rio Grande County regulations.

    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
    -106.570333
    Latitude
    37.685085

    Comparable in this City

    • $59,000
      0.56 Acres

      Residential Land Near Rio Grande

      Residential land bordering golf course and near Rio Grande River.
      24 E Ciffside Dr, South Fork, CO 81154
      View Details
    • $165,000
      9.37 Acres

      Buildable Land in Bear Creek

      9.37-acre property in South Fork's Bear Creek subdivision.
      531 Bear Creek Cir, South Fork, CO 81154
      View Details
    • $43,000
      0.62 Acres

      Golf Course View Residential Lot

      0.62-acre vacant lot on Rio Grande Club golf course.
      449 Rio Grande Club Trl, South Fork, CO 81154
      View Details
    • $120,000
      0.72 Acres

      River-Access Property in South Fork, CO

      0.72-acre lot with river access and mountain views.
      132 Big River Way, South Fork, CO 81154
      View Details
    • $54,500
      0.30 Acres

      Homesite in Rio Grande Club

      Homesite with access to resort amenities and outdoor activities.
      13 Fairway Dr, South Fork, CO 81154
      View Details
    • $57,000
      0.68 Acres

      Treed Lot with Mountain Views

      Pristine lot in Rio Grande Golf & Fishing Resort.
      580 Blanca Vista Dr, South Fork, CO 81154
      View Details

    Similar Nearby for Sale

    • $59,000
      0.56 Acres

      Residential Land Near Rio Grande

      Residential land bordering golf course and near Rio Grande River.
      24 E Ciffside Dr, South Fork, CO 81154
      View Details
    • $165,000
      9.37 Acres

      Buildable Land in Bear Creek

      9.37-acre property in South Fork's Bear Creek subdivision.
      531 Bear Creek Cir, South Fork, CO 81154
      View Details
    • $43,000
      0.62 Acres

      Golf Course View Residential Lot

      0.62-acre vacant lot on Rio Grande Club golf course.
      449 Rio Grande Club Trl, South Fork, CO 81154
      View Details
    • $120,000
      0.72 Acres

      River-Access Property in South Fork, CO

      0.72-acre lot with river access and mountain views.
      132 Big River Way, South Fork, CO 81154
      View Details
    • $54,500
      0.30 Acres

      Homesite in Rio Grande Club

      Homesite with access to resort amenities and outdoor activities.
      13 Fairway Dr, South Fork, CO 81154
      View Details
    • $57,000
      0.68 Acres

      Treed Lot with Mountain Views

      Pristine lot in Rio Grande Golf & Fishing Resort.
      580 Blanca Vista Dr, South Fork, CO 81154
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    227 Red Feather Rd
    South Fork, CO 81154
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!