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1607-9 US Highway 34 11,140 SF Specialty Building Offered at $4,900,000 at a 14.70% Cap Rate in Drake, CO 80515
INVESTMENT HIGHLIGHTS
- Location. On the River
EXECUTIVE SUMMARY
First time in 40 years for Sale. What an opportunity to own a part of History in the Making. 12 RV Spaces, 40 Tent Sites for Camping, 2 homes, 2 cabins, Commercial Building and 2 Privies. On the North Fork Big Thompson River. Almost 36 Acres of beautiful land. Very well taken care of, just needs the right Owner to turn this into a Destination Spot. Just 25 minutes to Estes Park and 25 minutes to Loveland on Highway 34. The Commercial Building could be turned into a Coffee, Sandwich, Store, Gift Shop, etc. Think Ice Cream! The Photographs and Improvements document was done many years ago and the property has been greatly improved since then. It is for size of buildings only. The owners take wonderful care of the land and property and shows extremely well.
This could be a year round resort. Check out the Zoning under documents and see what is possible.
Owner carry terms available.
The Family is ready to move on to their next great adventure.
This could be a year round resort. Check out the Zoning under documents and see what is possible.
Owner carry terms available.
The Family is ready to move on to their next great adventure.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,018,325
|
$91.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,018,325
|
$91.41
|
| Taxes |
$9,000
|
$0.81
|
| Operating Expenses |
$289,000
|
$25.94
|
| Total Expenses |
$298,000
|
$26.75
|
| Net Operating Income |
$720,325
|
$64.66
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $1,018,325 |
| Annual Per SF | $91.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,018,325 |
| Annual Per SF | $91.41 |
| Taxes | |
|---|---|
| Annual | $9,000 |
| Annual Per SF | $0.81 |
| Operating Expenses | |
|---|---|
| Annual | $289,000 |
| Annual Per SF | $25.94 |
| Total Expenses | |
|---|---|
| Annual | $298,000 |
| Annual Per SF | $26.75 |
| Net Operating Income | |
|---|---|
| Annual | $720,325 |
| Annual Per SF | $64.66 |
PROPERTY FACTS
| Price | $4,900,000 | Property Subtype | Trailer/Camper Park |
| Price Per SF | $439.86 | Building Class | C |
| Sale Type | Investment | Lot Size | 35.91 AC |
| Cap Rate | 14.70% | Building Size | 11,140 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1906/2013 |
| Zoning | Commercial | ||
| Price | $4,900,000 |
| Price Per SF | $439.86 |
| Sale Type | Investment |
| Cap Rate | 14.70% |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 35.91 AC |
| Building Size | 11,140 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1906/2013 |
| Zoning | Commercial |
AMENITIES
- Waterfront
1 1
PROPERTY TAXES
| Parcel Number | 15032-00-038 | Total Assessment | $181,725 |
| Land Assessment | $57,588 | Annual Taxes | $9,000 ($0.81/SF) |
| Improvements Assessment | $124,137 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
15032-00-038
Land Assessment
$57,588
Improvements Assessment
$124,137
Total Assessment
$181,725
Annual Taxes
$9,000 ($0.81/SF)
Tax Year
2025
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1607-9 US Highway 34
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