6983 County Road 53
About This Property
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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 |
|---|---|---|---|
| Jul 11, 2026 | No longer available | - | |
| No longer available | |||
| May 24, 2026 | Price Decreased |
$72,000
↓ $16K
(18.2%) | |
| Price Decreased | |||
| Mar 13, 2026 | Price Decreased |
$88,000
↓ $30K
(25.4%) | |
| Price Decreased | |||
| Dec 21, 2025 | Price Increased |
$118,000
↑ $24K
(25.5%) | |
| Price Increased | |||
| Dec 10, 2025 | Listed | $94,000 | |
| Listed | |||
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Here is where Colorado starts to feel expansive. This 35.59 acre parcel in Bayou Salado Ranches opens across broad, level ground with a striking sweep of mountain views that reach toward the Buffalo Peaks area, the Mosquito Range, and the distant Sawatch Range on clear days. Winter gives it a crisp, open beauty, but the newer green season photos show the real flexibility of the land, with fresh grasses underfoot, huge blue skies overhead, and a layout that is remarkably usable for livestock, horses, RV stays, or a future homesite with room for barns, corrals, trailers, and elbow room to spare. There is no HOA, no covenants, and no dues to complicate your plans. A permitted driveway with culvert is already in place, giving you a meaningful head start and an easy place to pull in, park, and start enjoying the property right away. Three profile and percolation holes have also been dug, helping future septic planning move forward with less guesswork and less upfront effort. The acreage qualifies for a domestic well, a major advantage for buyers who want to support a home and livestock while building toward a more complete ranch setup over time. The exposure is excellent for solar, the setting is quiet without feeling cut off, and the overall topography is what makes this one stand apart. This is not broken, cramped, hard to use ground. It is open, practical, and full of options, with sunsets that stretch wide, starry nights that feel uninterrupted, and the kind of space that lets your plans grow naturally. Spend the day fishing, hunting, or exploring nearby public ground and reservoirs, then head into Hartsel for fuel and quick essentials, Fairplay for grocery runs and services, or Canon City for broader shopping and dining. If you have been waiting for level acreage that looks good on paper and even better in person, this one deserves a hard look!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017