27460 County Road 5
About This Property
Whether you're looking to build your dream home, create a hobby ranch, or invest in land with long-term potential, this property checks all the boxes.
Property Highlights
* Nearly 10 acres of usable land
* Unobstructed mountain views and expansive Colorado skies
* Adjudicated water rights - a rare and valuable asset
* Gently rolling terrain ideal for building
* Peaceful rural setting with easy access to town
* Parcel 2 is also for sale if you need to expand!
Listed By
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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 5, 2026 | Listed | $325,000 | |
| Listed | |||
| Jul 22, 2025 | Listed by Compass - Denver | $335,000 | |
| Listed by Compass - Denver | |||
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Full unobstructed MOUNTAIN VIEWS of the entire Front Range from Pikes Peak to Longs Peak! Get out far enough to be just ahead of the development curve and make an investment in the future while being close enough to drive into town on County maintained roads close-by! Great property to build your dream home or keep as open space for horses, etc. 395 feet wide on County Road 5 access. 1100 feet deep. Power on Road. Water rights have been adjudicated from the state and will be transferred for the 5 aquifers below property. Approved to drill for water at the most shallow aquifer available (Upper Dawson). A well permit has been previously taken but expired (contact me for the supplements). Zoned RA (Residential Agriculture) Rural but 2 miles to pavement. 18 miles to Castle Rock or Parker, 30 miles to Colorado Springs. Roads maintained by Elbert County. Large lots in the area as neighbors. Horse property. Room for barn, garden, horse, etc. Backside of property has open valley views. Look for the sign and hot pink stakes that show the locations of the lot lines along the road.
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| May 7, 2025 | No longer available | - | |
| No longer available | |||
| Feb 25, 2025 | Listed | $335,000 | |
| Listed | |||
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Full unobstructed MOUNTAIN VIEWS of the entire Front Range from Pikes Peak to Longs Peak! Get out far enough to be just ahead of the development curve and make an investment in the future while being close enough to drive into town on County maintained roads close-by! Great property to build your dream home or keep as open space for horses, etc. 395 feet wide on County Road 5 access. 1100 feet deep. Power on Road. Water rights have been adjudicated from the state and will be transferred for the 5 aquifers below property. Approved to drill for water at the most shallow aquifer available (Upper Dawson). A well permit has been previously taken but expired (contact me for the supplements). Zoned RA (Residential Agriculture) Rural but 2 miles to pavement. 18 miles to Castle Rock or Parker, 30 miles to Colorado Springs. Roads maintained by Elbert County. Large lots in the area as neighbors. Horse property. Room for barn, garden, horse, etc. Backside of property has open valley views. Look for the sign and hot pink stakes that show the locations of the lot lines along the road.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017