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    Property profile & analytics

    727 Bear Creek Cir South Fork, CO 81154

    • Commercial real estate
    • 7.53 lot acres
    For Sale
    View listing
    $149,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1321449
    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 727 Bear Creek Cir

    Lot size
    7.53 lot acres
    Property type
    Commercial real estate
    APN
    2126201024

    Description

    This exceptional 7.53-acre residential lot is nestled within the Bear Creek gated community in South Fork, Colorado. Located in the lower section of the subdivision, this buildable lot enjoys convenient proximity—just 0.8 miles from the main gate. Utilities are readily accessible, with electricity at the lot line. While a well and septic system will be required, the year-round road maintenance ensures accessibility throughout the year. The property's location offers the best of both worlds: a peaceful, wooded setting within a sprawling community featuring varied terrain, yet close to amenities. Bear Creek residents enjoy exclusive access to the Rio Grande River. The charming town of South Fork is only one mile away, providing easy access to local services. Outdoor enthusiasts will appreciate the proximity to Wolf Creek Ski Area (25 minutes), Creede (25 minutes), and the Rio Grande Golf Course (5 minutes). For healthcare needs, a major medical facility is 15 minutes away, supplemented by a new medical clinic in South Fork. Alamosa, an hour's drive, offers the added convenience of two commercial flights daily. The property's APN is 2126201024. The asking price is $149,900, translating to approximately $19,907.04 per acre. This lot presents a unique opportunity to build a custom home in a desirable, amenity-rich location. The permitted zoning is Residential Single Family.

    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
    -106.616671
    Latitude
    37.689837

    Comparable in this City

    • $60,500
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      South Fork Residential Lot

      Build Your Dream Home in Colorado
      14 Greenside Dr, South Fork, CO 81154
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    • $49,750
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      Mountain Retreat Land Awaits

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      237 Vista De Verde Cir, South Fork, CO 81154
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    • $2,500,000
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      South Fork Duplex Development Land

      16 Acres, 106+ Duplex Potential
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    • $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
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    • $485,000
      19.35 Acres

      South Fork Riverfront Land

      19 Acres, River Views, Buildable Lots
      000 Address Tbd, South Fork, CO 81154
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    • $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

    • $60,500
      0.30 Acres

      South Fork Residential Lot

      Build Your Dream Home in Colorado
      14 Greenside Dr, South Fork, CO 81154
      View Details
    • $49,750
      2.13 Acres

      Mountain Retreat Land Awaits

      2.13 acres, stunning views, build your dream home.
      237 Vista De Verde Cir, 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
    • $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
    • $485,000
      19.35 Acres

      South Fork Riverfront Land

      19 Acres, River Views, Buildable Lots
      000 Address Tbd, 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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    727 Bear Creek 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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