2380 59th Ln Boone, CO 81025-9717
This exceptional commercial property in Boone, Colorado, presents a turnkey opportunity in the cannabis cultivation industry. The 21.93-acre site includes a state-of-the-art, fully operational cultivation facility with a 3,600-plant capacity. Five acres are currently licensed for operation. The property features a newly constructed 13,440 sq. ft. indoor cultivation building with 14 individual flower rooms, each equipped with Duraclad siding, floor drains, dedicated irrigation and fertigation systems, 24-1,000 Watt HPS adjustable flowering lights, climate control, rolling metal benches, extensive ventilation, CO2 monitoring, and 10 tons of dedicated cooling. A substantial 9,230 sq. ft. Conley's 6500 double arch fully automated greenhouse with concrete floors and 160-1,000 Watt HPS flowering lights and full blackout capabilities is also included. A 4,000 sq. ft. fully automated nursery, complete with a mother room and extensive nursery areas, provides plants for both the indoor facility and greenhouse. The farm currently produces approximately 7,200 lbs. of flower and 4,900 lbs. of trim annually. A recently renovated 1,596 sq. ft. modular residence with 3 bedrooms and 2 bathrooms is situated on the property. The property boasts extensive 3-phase power, including a 750 KVA and a 500 KVA transformer. A 28,000-gallon underground water storage tank and a 16,000-gallon-per-day reverse osmosis filtration system feeding 6,000-gallon temperature-controlled indoor storage water tanks are also included. This property offers a unique combination of high-yield production capabilities and substantial infrastructure. The total building square footage is 28,266 square feet. The asking price is $1,800,000.
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Nothing Agricultural Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
A-1 · Boone, COCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.