390 Elm Rd - Dermody Elm Road Property 10,841 SF Specialty Building Offered at $3,200,000 at a 5.58% Cap Rate in Estes Park, CO 80517

Welcome to 390 Elm Road, a rare and versatile 12-acre property located in the heart of Estes Park, Colorado, one of the Rocky Mountains’ most iconic and sought-after destinations. This unique estate offers breathtaking views of Longs Peak and the Continental Divide, making it an exceptional opportunity for investors, developers, and entrepreneurs. The property currently features seven income-generating units, including homes, apartments, duplexes, cabins, garages, storage spaces, and commercial buildings. With all leases on a month-to-month basis, new owners enjoy immediate income and maximum flexibility for future redevelopment.

Strategically positioned along Highway 36, the property enjoys high visibility, with over 12,000 vehicles passing daily. It is just 1 mile from Downtown Estes Park and less than 2 miles from the Beaver Meadows entrance to Rocky Mountain National Park, placing it directly on the main route to the park. This location ensures steady visitor traffic and strong year-round tourism demand, with over 4.3 million annual visitors fueling the local economy. Estes Park’s population has grown by 8.6% over the past four years, creating a consistent need for new housing options. The area boasts an affluent and educated community, with an average household income of $105,000 and 46% of residents holding college degrees.
Zoned for multiple uses, this site has the potential to transform into a boutique hotel, luxury apartment complex, light manufacturing facility, or a high-end residential community. The buildings were freshly painted in 2024, and several were recently remodeled, allowing for turnkey occupancy or creative transformation. Owner financing is available, making this a highly accessible investment.

The site offers a unique blend of privacy, natural beauty, and development potential. With existing infrastructure including a well, electricity, and good road access, this property is ready for development. Whether expanding an existing business or launching a new venture. 390 Elm Road combines historic charm, modern convenience, and unbeatable location to deliver a truly exceptional investment opportunity in Colorado’s mountain paradise.