5021 Colorado Road
About This Property
Unlike raw parcels that require extensive upfront investment, this property already comes with a significant head start: an installed well and septic system are in place, helping reduce both development costs and timeline uncertainty for future building plans.
The land itself is flat, usable, and surrounded by mature Sierra foothill landscape, offering privacy without sacrificing access. The setting is quiet and natural, with enough openness to accommodate a future home, retreat structure, or investment-oriented build, subject to buyer verification.
The existing structures on-site are considered tear-downs, allowing buyers to focus their investment on what truly drives value here: the land, utilities, and location within the Yosemite corridor.
Midpines continues to benefit from strong long-term demand due to its proximity to Yosemite National Park, located less than an hour away via scenic Highway 140. This corridor remains one of the most supply-limited regions for recreational and second-home properties in California, particularly for parcels with water and septic already installed.
For buyers evaluating long-term holds, future short-term rental potential (subject to county regulations), or private retreat development, this property offers a rare combination of readiness and flexibility.
Opportunities with this level of infrastructure in the Yosemite gateway area are increasingly scarce, making this a compelling option for buyers looking to secure land with real development momentum already in place.
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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 |
|---|---|---|---|
| Jun 24, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Decreased |
$134,000
↓ $10K
(6.9%) | |
| Price Decreased | |||
| Mar 17, 2026 | Price Decreased |
$144,000
↓ $5K
(3.4%) | |
| Price Decreased | |||
| Jan 21, 2026 | Price Decreased |
$149,000
↓ $20K
(11.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017