County Road 3
About This Property
722 acres dry land farm ground and 315 acres grassland in Lincoln County. The farm ground is fallow and hasn't been farmed in a few years. It wouldn't take much to put it back in production. The farm ground lays level, with less than 3 percent slope with class IV soils. The grass is mostly native forage. The farm is Ag zoned and there's electrical service along CR 2 and along CR U and at points along CR 3 and CR V. There is fiber optic along County Road The farm backs to the conserved 50,000 acre Brett Gray Ranch. There are several seasonal creeks including the West Branch of Steels Fork-Horse Creek.
There are great Antelope populations, as well as Mule Deer, Coyote, Fox, Dove and various other birds and animals.
The farm ground is fallow and hasn't been farmed for several years. It lays level and could easily be put back in production. The farm ground is mostly Ascalon Sandy Loam, Satanta Loam, Platner-Ascalon Complex, Ascalon-Haxton Complex and Olney-Sandy Loam class IV Soils. The rangeland is mostly native grasses.
There are no adjudicated water rights. No mineral rights convey. The property has a 1/3 interest in a domestic water well located on the 40 acre out parcel. There is a hydrant on the western side of County Road 3.
Rush Colorado is located on the Eastern Plains, 40 miles east of Colorado Springs. Annual precipitation averages 12 inches per year. Winters are generally mild and summers warm. The area is mostly a ranching and farming community with scattered rural residential.
The farm is 8 miles south east of Rush Colorado, which is 40 miles east of Colorado Springs.
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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 |
|---|---|---|---|
| Apr 3, 2025 | Sold | ||
| Sold | |||
| Feb 3, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Relisted | $933,300 | |
| Relisted | |||
| Jul 13, 2024 | In contract | - | |
| In contract | |||
| Apr 5, 2024 | Listed by Hayden Outdoors LLC | $933,300 | |
| Listed by Hayden Outdoors LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017