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    38.06 Tbd Black Bear Trl Crawford, CO 81415

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    38.06 Tbd Black Bear Trl Crawford, CO 81415

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    • Commercial real estate
    • 40.00 lot acres
    For Sale
    $325,000
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    Land Near Crawford State Park For Sale
    $325,000
    38.06 Acres

    Land Near Crawford State Park

    38+ acre property with water tap near Crawford State Park.

    38.06 tbd Black Bear Trail, Crawford, CO 81415
    View Listing
    Property ID
    US13-1323148
    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 38.06 Tbd Black Bear Trl

    Lot size
    40.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 40-acre commercial property in Montrose County, Colorado, presents a unique investment opportunity. Located at 2984 Black Canyon Rd, Crawford, CO 81415, the property boasts a stunning 1,672 square foot, three-bedroom, two-bathroom home featuring high-end finishes such as quartz countertops, custom tile, and solid wood doors. The home includes a dining room, additional guest quarters, and appliances including a range/oven, refrigerator, dishwasher, washer, dryer, and microwave. Heating is provided by propane, complemented by central air conditioning and radiant floor heating on the first floor. Exterior features include a metal building (44' x 60') with a 50-year structural and 40-year paint warranty, an attached garage with a 12' x 14' RV door, 50-amp service, and RV hookups. Additional exterior amenities include a shed/storage, patio, partial fencing, and RV parking. The property also benefits from a 1000-gallon buried propane tank, a radon mitigation system, and a septic system designed for five bedrooms. The metal building's construction is engineered for significant snow load and wind speeds, and the garage floor is designed for heavy loads. The location offers total privacy, bordering BLM land, with incredible views of Needlerock and surrounding mountains. A 30' easement with a 13' wide driveway and an additional 60' wide driveway are also included. The asking price is $749,000. This property is ideal for those seeking a combination of luxury living and commercial potential in a secluded, natural setting.

    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
    Crawford
    County
    Montrose
    State
    Colorado
    Longitude
    -107.6468502
    Latitude
    38.6497625

    Comparable in this City

    • $425,000

      Private Irrigated Land with Views

      41+ acre property with irrigation, fencing, and mountain views.
      678 3375 Rd, Crawford, CO 81415
      View Details
    • $215,000
      11.00 Acres

      Crawford Vacant Land with BLM Access

      11 acres with direct access to public land and utilities.
      Tbd Greenwood Ave, Crawford, CO 81415
      View Details
    • $325,000
      38.06 Acres

      Land Near Crawford State Park

      38+ acre property with water tap near Crawford State Park.
      38.06 Tbd Black Bear Trl, Crawford, CO 81415
      View Details
    • $84,000
      0.21 Acres

      Crawford Land: Versatile Development Opportunity

      Prime Crawford lots with commercial/residential zoning and utilities available.
      410 Highway 92, Crawford, CO 81415
      View Details
    • $275,000
      35.00 Acres

      Development-Ready Land with Mountain Views

      35-acre Colorado land with water, electric, and septic systems.
      Tbd 8250 Rd, Crawford, CO 81415
      View Details

    Similar Nearby for Sale

    • $425,000

      Private Irrigated Land with Views

      41+ acre property with irrigation, fencing, and mountain views.
      678 3375 Rd, Crawford, CO 81415
      View Details
    • $215,000
      11.00 Acres

      Crawford Vacant Land with BLM Access

      11 acres with direct access to public land and utilities.
      Tbd Greenwood Ave, Crawford, CO 81415
      View Details
    • $325,000
      38.06 Acres

      Land Near Crawford State Park

      38+ acre property with water tap near Crawford State Park.
      38.06 Tbd Black Bear Trl, Crawford, CO 81415
      View Details
    • $84,000
      0.21 Acres

      Crawford Land: Versatile Development Opportunity

      Prime Crawford lots with commercial/residential zoning and utilities available.
      410 Highway 92, Crawford, CO 81415
      View Details
    • $275,000
      35.00 Acres

      Development-Ready Land with Mountain Views

      35-acre Colorado land with water, electric, and septic systems.
      Tbd 8250 Rd, Crawford, CO 81415
      View Details
    View Listing
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    Crawford, CO 81415
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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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