000 County Road 45
About This Property
Well augmentation is in place through Upper Arkansas Water Conservancy District (UAWCD), allowing for in-house use along with 1,400 square feet of outside watering. Additional augmentation to support livestock is available for purchase through UAWCD.
This property is not for those seeking a boring flat treeless lot. The ideal buyer will be searching for a parcel with a true Colorado feel, character, and areas to explore. Did we mention it is bordered on two sides by thousands of acres of public land?
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 11, 2023 | No longer available | - | |
| No longer available | |||
| Jun 24, 2023 | Listed by First Colorado Land Office Inc | $350,000 | |
| Listed by First Colorado Land Office Inc | |||
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The great wall of Howard. This property is incredible. It is literally tucked down at the end of the County Road 45 with a wall of rock outcroppings creating a backdrop for nearly the entire length of the lot. There are several level areas scattered amongst the front of the parcel that could be used as building spots, but one near the south side has been somewhat designated as the main pad. Power is nearby and the sellers are offering a concession at closing towards pulling the power over to the south building area. This could be the place to build a dream home with a panoramic view of the towering peaks and the Arkansas River is in site at certain points as well. There are two sides of this parcel that back up to Public Lands giving you access to the famous mountain recreation that Fremont County has to offer. This is an easy site to get to and check out all of the possibilities of what you could create on this slice of Colorado!
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| May 30, 2023 | Sold | ||
| Sold | |||
| Feb 28, 2023 | Sold | ||
| Sold | |||
| Jan 31, 2023 | Listed by First Colorado Land Office, Inc. | $220,000 | |
| Listed by First Colorado Land Office, Inc. | |||
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