940 Bateman
About This Property
Build your Colorado dream home on this 5.008-acre parcel in the Sangre de Cristo Ranches. Located on Bateman Road just off Juarez Road (County Lane 6), the property offers year-round access and is only minutes from Fort Garland, San Luis, and Highway 159.
Electricity is available along the property line, making this an excellent opportunity for a home or mountain getaway. Enjoy expansive mountain and valley views in a peaceful setting. Property is subject to Costilla County Planning and Zoning regulations. Buyers should verify all information, permitted uses, and utility availability.
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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 |
|---|---|---|---|
| Aug 20, 2026 | Sold | ||
| Sold | |||
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Jul 27, 2026 | Price Decreased |
$12,900
↓ $100
(0.8%) | |
| Price Decreased | |||
| Jul 11, 2026 | Listed | $13,000 | |
| Listed | |||
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Last Updated: 2 months ago
Data Source: REcolorado MLS, MLS# IRE5862298
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