5165 County Rd 1
About This Property
Top of the world mountain ranch with stunning views of the Sange De Cristo Mountains and Pikes Peak. This parcel is one of only 4 Parcels in exclusive Wapiti Valley Ranch, which features it's own private access into thousands of acres of BLM lands. Wapiti Valley Ranch is comprised of only 4 carefully designed parcels on 361 acres, bordering thousands of acres of BLM lands. It has an exclusive private trail shared by the 4 Lot Owners which allows you to walk or ride your horses through a scenic canyon located on the BLM lands. This scenic trail goes for approximately 1.5 miles and gives you access to Barnard Creek for trout fishing .
This property has a ready to go building site with underground electric already at building site. The site features a level building pad overlooking a scenic mountain meadow with spectacular views of the Sangre De Cristo Mountains. It has a newly drilled well being 440' in depth and producing 1.5 gallons per minute of mountain fresh water. The site has been excavated and leveled to allow construction of your mountain home or cabin, as well as a garage and storage buildings. There is a high quality gazebo built which allows you to enjoy family meals or viewing the surrounding mountains and forested hillsides. The driveway was constructed to allow for horse trailers as well as heavy equipment to access the build site with ease.
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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 |
|---|---|---|---|
| Sep 11, 2023 | Sold | ||
| Sold | |||
| Jun 22, 2023 | Listed by Colorado Mountain Land & Ranches, LLC | $1,250,000 | |
| Listed by Colorado Mountain Land & Ranches, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017