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    Property profile & analytics

    237 Vista De Verde Cir South Fork, CO 81154

    • Commercial real estate
    • 2.13 lot acres
    For Sale
    View listing
    $49,750
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1373187
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 237 Vista De Verde Cir

    Lot size
    2.13 lot acres
    Property type
    Commercial real estate
    APN
    2127402015

    Description

    This exceptional 2.13-acre residential lot in South Fork, Colorado's desirable La Lomita neighborhood presents a unique opportunity to build a custom mountain home. Located at 237 Vista De Verde Circle, this property boasts breathtaking views of the surrounding mountains and offers a peaceful setting while remaining conveniently close to amenities. The lot is zoned for single-family residential use and has utilities readily available at the lot line, simplifying the construction process. With a price of $49,750, this translates to approximately $23,356.81 per acre, representing excellent value in this sought-after location. The property's APN is 2127402015. Imagine waking up to fresh mountain air and enjoying the stunning scenery from your future backyard. Outdoor enthusiasts will appreciate the easy access to hiking, fishing, skiing, and other recreational activities. Nearby towns offer shopping and dining options. This is an ideal location for those seeking a tranquil mountain escape with convenient access to both nature and everyday conveniences. The property is ready for immediate development, allowing you to begin building your dream home without delay. This is a rare opportunity to own a piece of Colorado paradise. Note that an adjacent lot (MLS# 780529) is also available for purchase, potentially expanding the total acreage to 4.46 acres. The zip code is 81154.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Fork
    County
    Rio Grande
    State
    Colorado
    Longitude
    -106.629458
    Latitude
    37.678778

    Comparable in this City

    • $60,500
      0.30 Acres

      South Fork Residential Lot

      Build Your Dream Home in Colorado
      14 Greenside Dr, South Fork, CO 81154
      View Details
    • $2,500,000
      16.48 Acres

      South Fork Duplex Development Land

      16 Acres, 106+ Duplex Potential
      0285 Rio Grande Club Trl, South Fork, CO 81154
      View Details
    • $485,000
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      South Fork Riverfront Land

      19 Acres, River Views, Buildable Lots
      000 Address Tbd, South Fork, CO 81154
      View Details
    • $49,750
      2.13 Acres

      South Fork Land: Build Your Dream Home

      2.13-acre residential lot, stunning views, utilities available.
      189 Vista De Verde Cir, South Fork, CO 81154
      View Details
    • $149,900
      7.53 Acres

      South Fork Land: Build Your Dream Home

      7.53 acres, gated community, stunning views.
      727 Bear Creek Cir, South Fork, CO 81154
      View Details
    • $595,000
      3,837 SF

      Turnkey Restaurant & Income Property

      Restaurant and income property in South Fork, Colorado.
      30333 Us Highway 160, South Fork, CO 81154
      View Details

    Similar Nearby for Sale

    • $2,500,000
      16.48 Acres

      South Fork Duplex Development Land

      16 Acres, 106+ Duplex Potential
      0285 Rio Grande Club Trl, South Fork, CO 81154
      View Details
    • $60,500
      0.30 Acres

      South Fork Residential Lot

      Build Your Dream Home in Colorado
      14 Greenside Dr, South Fork, CO 81154
      View Details
    • $485,000
      19.35 Acres

      South Fork Riverfront Land

      19 Acres, River Views, Buildable Lots
      000 Address Tbd, South Fork, CO 81154
      View Details
    • $49,750
      2.13 Acres

      South Fork Land: Build Your Dream Home

      2.13-acre residential lot, stunning views, utilities available.
      189 Vista De Verde Cir, South Fork, CO 81154
      View Details
    • $149,900
      7.53 Acres

      South Fork Land: Build Your Dream Home

      7.53 acres, gated community, stunning views.
      727 Bear Creek Cir, South Fork, CO 81154
      View Details
    • $595,000
      3,837 SF

      Turnkey Restaurant & Income Property

      Restaurant and income property in South Fork, Colorado.
      30333 Us Highway 160, South Fork, CO 81154
      View Details
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    237 Vista De Verde Cir
    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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