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$400,000
● Land - Off Market

Iliff, CO
bedrooms
Studio
bathrooms
0 Bath
$3,720
Est. Monthly

About This Property

PROPERTY WAS DIVIDED AT DITCH AND SURVEYED INTO 2 PARCELS, 118 ACRES EAST OF THE DITCH WITH THE 55.22 AC OF NORTH STERLING IRRIGATION WAS SOLD FOR $400,000. 150 ACRES OF PASTURE, WEST OF THE DITCH WAS NOT SOLD. This 268 acre property has been in the Glassburn family for over 100 years, and comes with valuable water rights! 268 total acres +/-, with 55.22 acres included in the North Sterling Irrigation District. 40+15 acres +/- of seep, wildlife habitat, hunting, recreation, 158 acres +/- of dryland pasture. The 158 acres of pasture in this parcel 2, is currently pastured with the 712 acres of parcel 1, there is no fence that separates the two. Preference would be given to the sale of 1 and 2 together, but can be purchased separately. Priced at the July 2023 appraised value.
Unit Size
-
Days on Market
-
Land Size
268.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$165
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (IRES MLS #1015706)

Price History

Date / Event Date Event Price
Mar 25, 2025 Sold
Premium
Sold
Feb 12, 2025 In contract -
In contract
Aug 2, 2024 Listed by Vandenbark Realty $724,000
Listed by Vandenbark Realty

Property Highlights

Exterior Details
Building Area Units: Square Feet
Lot Features: Water Rights Included
Lot Size Area: 11674080
Lot Size Units: Square Feet
Lot Size Acres: 268
Lot Size Square Feet: 11674080
Water Source: District Water, N/A
Financial Details
Tax Annual Amount: $1,975

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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IRES

Listed by: Jim Schaefer, Vandenbark Realty
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1015706
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
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