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8125 Bannock Dr
About This Property
Backing directly to fire-mitigated Perry Park Metro District land, this parcel enjoys added privacy with no homes to be built immediately behind it. The lot has already undergone significant preparation, including a completed survey and extensive timber cleanup, helping streamline the path toward development.
Several valuable improvements are already in place. LID fees have been paid in full, an approved driveway plan is included, and approved foundation plans will transfer with the sale. Water and sewer service are available through the Perry Park Water and Sanitation District, with tap fees representing the primary remaining improvement needed before construction.
Outdoor recreation is nearby, with more than 12 miles of public trails at Sandstone Ranch Open Space. The area's iconic red rock formations, scenic landscapes, and abundant wildlife provide excellent opportunities for hiking and exploration. Mule deer and wild turkeys are frequent visitors to the property.
Residents may also pursue membership at the renowned Perry Park Country Club, offering golf, dining, and social amenities. Conveniently located between Castle Rock and Larkspur with easy access to Denver and Colorado Springs, this property combines the tranquility of a mountain setting with the convenience of Front Range living.
Whether you're ready to build now or secure a premier homesite for the future, this well-prepared Perry Park Ranch property offers privacy, natural beauty, and a fantastic location in one of Douglas County's most desirable communities.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017