Drake Campground presents a rare opportunity to acquire approx. 36 acres of riverfront property along the US Hwy 34 corridor in the heart of Northern Colorado's mountain recreation market. The property combines an established campground operation with multiple residential structures, rustic cabins, a potential commercial/campstore building, RV accommodations and tent camping, creating a diverse platform for both immediate operations and future repositioning. Compelling base for a destination campground, outdoor recreation resort, retreat venue or expanded hospitality concept. In addition to the existing campground and lodging operations, the property offers potential upside through a country store, recreational equipment rentals, events, music and camps, as well as potential development of additional accommodations such as yurts or a custom home site on land across the river. These opportunities are conceptual and subject to verification and applicable approvals. The pro forma projects approx. $427,333 in potential annual gross revenue from RV sites, tent camping, residential/cabin rentals and potential event activity. After approx. $180,340 in projected operating expenses, the analysis indicates potential NOI of approximately $246,993, corresponding to a 7.60% capitalization rate at the $3,250,000 asking price. Importantly, these figures are pro forma projections rather than historical operating results, and several revenue assumptions-including events-are identified as potential and subject to verification. Drake Campground offers investors a combination of land, existing improvements, diversified hospitality revenue and value-add potential that is difficult to replicate.
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Drake is located in Colorado. Drake, Colorado has a population of 1,135. Drake is less family-centric than the surrounding county with 4.88% of the households containing married families with children. The county average for households married with children is 31.78%.
The median household income in Drake, Colorado is $90,396. The median household income for the surrounding county is $80,664 compared to the national median of $69,021. The median age of people living in Drake is 60.2 years.
The average high temperature in July is 78.8 degrees, with an average low temperature in January of 18.3 degrees. The average rainfall is approximately 18.7 inches per year, with 111.2 inches of snow per year.
