8180 Highway 50
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 |
|---|---|---|---|
| May 27, 2025 | Sold | ||
| Sold | |||
| May 9, 2025 | In contract | - | |
| In contract | |||
| Apr 17, 2025 | Listed | $635,000 | |
| Listed | |||
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Welcome to an incredible mixed-use opportunity in the stunning mountain town of Howard, Colorado, just 15 minutes from the vibrant town of Salida, known for its charming shops, delicious restaurants, and lively arts scene. This unique property sits just off Highway 50, offering easy access to get where you need to go. Nestled near the Arkansas River, and surrounded by miles of scenic trails for hiking, biking, and 4-wheeling, plus nearby forests perfect for camping and world-class fishing spots, this location is an outdoor enthusiast's dream. The main commercial building features a spacious office area with two smaller offices, a kitchen, and a bathroom, making it ideal for a professional space. It also includes both an attached and detached garage for extra flexibility. Currently being used as a home, this versatile building offers countless live/work possibilities. And that's not all-there's also a mobile home on the property with 2 bedrooms and 2 bathrooms, perfect for rental income, guest housing, or a personal residence while you run your business next door. There have been horses on the property that enjoyed the shade of the lean to barn in the front.
There are many trails with easy access that you can ride to, right from the property. The Rainbow Trail crosses County Road a ways up where you can dive right into nature. There is also another trail below it that will lead to Hunts Lake. Whether you're looking to operate a business, live on site, rent, or simply enjoy the incredible location, this property truly has it all!
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| Apr 11, 2025 | No longer available | - | |
| No longer available | |||
| Dec 3, 2024 | Price Decreased |
$635,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017