1198 Wagon Wheel Rd
About This Property
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 4, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Listed | $52,000 | |
| Listed | |||
| | |||
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Awesome views on this 2-acre lot that is located just a short distance off of HWY 24. Site is perfect for building a summer cabin or just a spot to camp. The HOA has a full-time ranch manager, an RV storage area and dump station for members. There is a private reservoir and the augmentation plan for the Ranch allows for watering of horses. There is a trash compactor for household garbage, dog park and a community pavilion for family gatherings. The Ranch is a welcoming and friendly community. There are two fire stations in the Ranch and three mailbox pods. This is a great location for those who enjoy outdoor activities, with Pike San Isabel National Forest access just down the road and stream fishing in the South Platte River and lake fishing at Antero, Spinney and 11 Mile Reservoirs. Enjoy glorious morning sunrises and spectacular sunsets from this ridge top property. But that's not all; take in magnificent mountain views and a really nice view over Antero Reservoir. The 62 1/2 miles of roads in the Ranch belong to Park County and they are maintained year-round by the county. Drive the distance, about two hours from Denver or 1 1/2 hours from Colorado Springs, to check out this property and the Ranch of the Rockies.
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| Nov 22, 2025 | Price Decreased |
$55,000
↓ $5K
(8.2%) | |
| Price Decreased | |||
| Aug 27, 2025 | Listed by Pinecone Properties LLC | $59,900 | |
| Listed by Pinecone Properties LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017