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Property profile & analytics
OFF-MARKET Estimated value $1,470,000
Individual retail properties

2380 59th Ln Boone, CO 81025-9717

9,230 SF 16.93 ac lot Built 2018
Individually Owned 9-yr Hold Free & Clear
Property ID
US13-0674748
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Individual retail properties
Use group CANNABIS DISPENSARY
Year built 2018
Construction WOOD FRAME
Total area 9,230 SF
Lot 16.93 ac (737,471 SF)
Zoning code A-1
APN 1121001008
UPID US13-0674748
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Nothing Agricultural Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$1.47M
Owner & transaction history
Paul Stanley · 9 yrs held
Paul Stanley
since 2017
4 recorded transactions
2017
Price N/A
2014
$110,000
2010
Price N/A
2005
Price N/A
Zoning & alternative use
A-1 · Boone, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $1.2M +33.0%
Commercial (general) $1.2M +29.7%
Office building $1.0M +12.0%
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