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Map
Cave Spring Trail
About This Property
80 acres of rolling hills, draws, rock out croppings and ponds overlooking the East Cherry Creek valley to the west. The ranch has well sodded native grass forage, two stock ponds and towering mountain and valley views!
Elk, Mule Deer and Pronghorn are abundant in the area. The area is known for its equine population and events.
The water rights are in process of adjudication and will be conveyed at closing, making this ranch ideal to subdivide into smaller parcels.
The high plains region located on near the Douglas and Elbert County line is a mix of rolling pine covered hills and level farm ground is near the Palmer Divide. The Palmer Divide area is known to receive above average annual moisture and days of sunshine. Nearby communities of Parker, Castle Rock, Monument, Elbert and Elizabeth are thriving communities with numerous activities and community events with a rural flair.
Located west of Elbert, Colorado and south of Elizabeth and Franktown, Colorado, these parcels are ideally located to take advantage of the rural nature of the area and proximity to the amenities and activities of Denver Metro (34 miles) and Colorado Springs (34 miles).
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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 |
|---|---|---|---|
| Oct 21, 2026 | Sold | ||
| Sold | |||
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Jun 6, 2026 | Relisted | $550,000 | |
| Relisted | |||
| May 29, 2026 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Listed | $550,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017