Set on 36 highly productive acres, this property offers a rare combination of water, infrastructure, and peaceful country living in the unbeatable Western Colorado setting. With 27 shares of UVWUA irrigation water, a large pond, and an advanced irrigation system featuring buried pressurized pipe and a comprehensive drip network with filtration delivered through the convenience of a dedicated pump house, the groundwork is in place for continued agricultural success across a wide variety of crops and ventures. Adding to the income potential, four large grain bins are currently leased to Producer’s Co-op, generating $4,500 annually in passive income. The improvements on the property provide outstanding flexibility for agricultural, residential, or a mixed use arrangement. The sprawling ±15,000 sq ft shop offers mostly clear-span space, multiple large access doors, and is partially equipped with plumbing for a ½ bath and 4–5 zones of in-floor heat (boiler needed). The shop also features a built-out office area with overhead mezzanine storage (~60'x25'), plus an additional expansive mezzanine (~75'x16') along the west wall. This building is ideal for equipment storage, operations, or future build-out. Whether you're running a business, storing toys, or envisioning a custom barndominium, this space is ready to adapt to your needs. Complementing the shop is an approximately 6,000 sq ft greenhouse, opening the door for year-round growing or specialty agricultural ventures. The original farmhouse, fully remodeled in 2007, is a well-maintained 3-bedroom, 1-bath home perched in a peaceful setting along the escarpment. Enjoy sweeping panoramic views of the West Elks, Buckhorn, Cimarrons, Grand Mesa, and surrounding farmland its truly an inspiring backdrop filled with abundant wildlife and natural beauty. With its combination of strong water rights, proven productivity, diverse improvements, income potential, and unbeatable views, this property presents a unique opportunity at an exceptional value rarely seen. Schedule your private showing today and explore the possibilities.
Set on 36 highly productive acres, this property offers a rare combination of water, infrastructure, and peaceful country living in the unbeatable Western Colorado setting. With 27 shares of UVWUA irrigation water, a large pond, and an advanced irrigation system featuring buried pressurized pipe and a comprehensive drip network with filtration delivered through the convenience of a dedicated pump house, the groundwork is in place for continued agricultural success across a wide variety of crops and ventures. Adding to the income potential, four large grain bins are currently leased to Producer’s Co-op, generating $4,500 annually in passive income. The improvements on the property provide outstanding flexibility for agricultural, residential, or a mixed use arrangement. The sprawling ±15,000 sq ft shop offers mostly clear-span space, multiple large access doors, and is partially equipped with plumbing for a ½ bath and 4–5 zones of in-floor heat (boiler needed). The shop also features a built-out office area with overhead mezzanine storage (~60'x25'), plus an additional expansive mezzanine (~75'x16') along the west wall. This building is ideal for equipment storage, operations, or future build-out. Whether you're running a business, storing toys, or envisioning a custom barndominium, this space is ready to adapt to your needs. Complementing the shop is an approximately 6,000 sq ft greenhouse, opening the door for year-round growing or specialty agricultural ventures. The original farmhouse, fully remodeled in 2007, is a well-maintained 3-bedroom, 1-bath home perched in a peaceful setting along the escarpment. Enjoy sweeping panoramic views of the West Elks, Buckhorn, Cimarrons, Grand Mesa, and surrounding farmland its truly an inspiring backdrop filled with abundant wildlife and natural beauty. With its combination of strong water rights, proven productivity, diverse improvements, income potential, and unbeatable views, this property presents a unique opportunity at an exceptional value rarely seen. Schedule your private showing today and explore the possibilities.
cren #833785
Apr 20, 2026
Listed
$1,250,000
$854/sq ft
cren #790267
Dec 3, 2022
Listing Removed
—
Aug 16, 2022
Price Changed
$1,325,000
$906/sq ft
Feb 2, 2022
Listed
$1,425,000
$974/sq ft
Public Records
Mar 30, 2022
Sold
$352,000
$241/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,095 (−2.0%)
2024
$8,256
Public record
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
36.01 Acres
Year renovated
1940
Finished Sq. Ft.
1,543
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,543
Year built
1920
Style
Ranch
County
Montrose County
APN
R0022609
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 19, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 93° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Olathe, CO • 81425
Average low and high temperatures (°F)
42
15
54
26
65
33
67
37
75
45
89
56
92
59
89
56
80
48
71
39
54
27
48
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 1% for direct sun exposure in Olathe. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.5 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3998 5500 Rd
$1,168,399
$82K under list price of $1.25M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $420K to $1.3M.