1 Jones Rd
About This Property
This property would make an excellent 2.5-5 acre lot development or could be an exquisite gentleman's ranch.
The ranch is rolling native grass rangeland with sandy soils. The ranch is very well cared for with good grass cover and there's no junk on the ranch. Electricity borders the property along Jones Road.
Pronghorn, Mule Deer, Coyote, Fox and various birds call the ranch home. It's located in Colorado GMU 110.
Currently, the property is lightly grazed with cattle and horses and operated as a ranch.
Seller mineral rights could be included, if any.
Colorado Springs is the 6th ranked Best Places to Live in the US by US News and World Report. The area boasts Pikes Peak (America's Mountain) and is home to the US Olympic and Paralympic training centers and museums. The Springs is also home to the Air force Academy , two air force bases, Fort Carson Army Base and The North American Aerospace Defense Command (NORAD). Colorado Springs has a thriving downtown area and several landmark attractions. The growth rate is very strong and quality of life superb. Falcon is a fast growing bedroom community to Colorado Springs. The land is situated southeast of US Highway 24 at Falcon.
The area climate is temperate with mild winters and warm summers.
Colorado Springs has a growing commercial airport and the choice of Coloradans who want to avoid the Denver crowds. Falcon is 10 miles northwest, Peyton, Colorado is 12 miles north, Ellicott is 9 miles southeast along Highway 94 and eastern Colorado Springs is 14 miles due east of the property.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Feb 28, 2023 | Sold | ||
| Sold | |||
| Jun 8, 2022 | Listed by Hayden Outdoors LLC | $3,999,000 | |
| Listed by Hayden Outdoors LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017