14748 Granite Pkwy
About This Property
A Mutual Ditch Association has been formed to serve North Fork Ranches. The Association Agreement is for review prior to the closing of any lot.
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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 |
|---|---|---|---|
| Jun 16, 2025 | Relisted | $267,500 | |
| Relisted | |||
| Apr 17, 2025 | In contract | - | |
| In contract | |||
| Apr 1, 2025 | Listed by Salida Realty | $267,500 | |
| Listed by Salida Realty | |||
| Jan 8, 2025 | Price Decreased |
$267,500
↓ $50K
(15.8%) | |
| Price Decreased | |||
| Jan 4, 2024 | Listed | $317,500 | |
| Listed | |||
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This is a rare opportunity to own a beautiful piece of Colorado with senior water rights. All the lots in North Fork Ranches except Lot 9 have North Fork ditch water piped directly to their lot to be put to use in multiple ways. Green up a large part of your property for horse pasture. Plant an orchard with a big vegetable garden. Do a grand landscape plan or just keep it green and mow it like a park. North Fork Ranches is conveniently located halfway between Historic Downtown Salida and Monarch ski area with paved access to Highway 50.
A Mutual Ditch Association has been formed to serve North Fork Ranches. The Association Agreement is for review prior to the closing of any lot.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017