2479 Buffalo Ridge Rd
About This Property
The property has mixed elevation with several options for build sites and plenty of room for recreation. The beautiful natural state is an excellent mix of open grassy meadows, Quaking Aspen groves, Pine forests, and towering natural Spruce and Fir trees. It has road frontage on both the North and South ends of the property, with a current driveway accessed off of Buffalo Ridge Rd. It is one of the few 35+ acre lots making up the Bighorn Neighborhood, with no HOA or restrictions included. Power is available on the road, with neighboring wells in the 200-400 ft range. The property is being sold as-is, with an older manufactured cabin needing repair or removal. This property is a rare opportunity for a full-time home or a peaceful escape from the city.
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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%.
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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 | Sold | ||
| Sold | |||
| Nov 14, 2023 | Listed by Whitetail Properties Real Estate Llc | $185,000 | |
| Listed by Whitetail Properties Real Estate Llc | |||
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Step into nature with this 35.37-acre unimproved lot in the heart of Park County. Between Highway 285 and Highway 24, this is an excellent location for a future build or quick getaway in a true outdoor recreation hub. Located a short drive from Spinney Mountain Reservoir, Eleven Mile Reservoir, the Dream Stream, and the North Fork of the South Platte River, it has easy access to some of Colorado's best fishing. For hunting, this property is part of GMU 50, with close proximity to Pike National Forest, offering all types of outdoor recreation, including hiking, rock climbing, hunting, fishing, boating, horseback riding, ATV riding, camping, photography, and much more. Ski some of the best snow in Colorado, with just over an hour's drive to Breckenridge and Copper Mountain.
The property has mixed elevation with several options for build sites and plenty of room for recreation. The beautiful natural state is an excellent mix of open grassy meadows, Quaking Aspen groves, Pine forests, and towering natural Spruce and Fir trees. It has road frontage on both the North and South ends of the property, with a current driveway accessed off of Buffalo Ridge Rd. It is one of the few 35+ acre lots making up the Bighorn Neighborhood, with no HOA or restrictions included. Power is available on the road, with neighboring wells in the 200-400 ft range. The property is being sold as-is, with an older manufactured cabin needing repair or removal. This property is a rare opportunity for a full-time home or a peaceful escape from the city.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017