18
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Peyton Hwy
About This Property
The property is 39 acres and has a retired gravel pit. Most of the land is level to rolling hills. It's very private, yet conveniently located. The property adjoins another available 35 acre lot. The eastern portion of the property is level grassland and has great building sites. The western portion is the gravel pit.
Wildlife includes Antelope, Mule Deer, Coyote, Fox and Dove.
Water rights are included from 4 aquifers. Basin Determination numbers 3971-BD, 3972-BD, 3973-BD, and 3974-BD. Any appurtenant mineral rights owned by the seller will be included.
The gravel pit has been closed down for a while., but it could possibly be reopened with the proper approvals and permits.
Summers are warm and dry, with average high temperatures peaking around 81F to 86F in July and August, and low nighttime humidity. Winters are cold and snowy, with average January lows dropping to around 17F to 18F and highs near 37F to 45F. The area receives about 18 to 20 inches of total annual precipitation, with July typically being the wettest month. Typical is moderate-to-high annual snowfall averaging around 77 to 84 inches, with March and April often seeing some of the heaviest snow amounts. The area enjoys roughly 247 sunny days (or over 3,110 hours of sunshine) per year.
Minutes from Peyton and Highway 24, this property is conveniently located within 25 minutes of Colorado Springs. Colorado Springs Airport is 26 miles to the southwest. Peyton is a mix between small farms and ranches and acreage properties located on Highway 24 northeast of Colorado Springs. Colorado Springs offers world class dining, shopping and businesses.
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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 |
|---|---|---|---|
| Sep 1, 2026 | Listed | $215,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017