16741 E US Highway 24
About This Property
A standout feature is the 60' x 16' cinder block barn, offering 5-6 spacious stalls-ideal for livestock, storage, or repurposing for other agricultural or business needs. The A-35 zoning provides flexibility and freedom rarely found, making it a smart investment for those looking to build, expand, or simply enjoy serene, rural living.
Whether you're an equestrian enthusiast, entrepreneur, developer, or someone seeking panoramic views and privacy, this land offers the perfect balance of opportunity and natural beauty. With easy access to Colorado Springs and Falcon, plus incredible views in every direction, the lifestyle you've dreamed of starts right here.
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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 |
|---|---|---|---|
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Aug 22, 2025 | In contract | - | |
| In contract | |||
| Jul 15, 2025 | Relisted | $550,000 | |
| Relisted | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed by Real Broker, LLC DBA Real | $550,000 | |
| Listed by Real Broker, LLC DBA Real | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017