Development Land With Standley Lake Shares

This 156.5-acre property includes 5.15 shares of FRICO (Standley Lake Division) and the associated dry-up covenant. Located within one mile of Firestone and Fort Lupton city limits, the property offers excellent potential for future annexation, commercial development, or division into 35- to 40-acre parcels. Its substantial acreage, senior water rights, and strategic location make this a rare Front Range investment opportunity.

Land

The property offers a gentle southward rise, with elevated terrain along the southern boundary reaching approximately 25 feet above the surrounding landscape. This natural topography creates attractive, long-range views and excellent view corridors. Currently enrolled in the Conservation Reserve Program (CRP) through September 2030, the land generates reliable income for the next owner while providing flexibility for future planning, entitlements, or development. Under Colorado statute and Weld County Code, the property may be subdivided into 35–40 acre parcels, with the additional opportunity to pursue a Family Farm Land Division for an approximate 5-acre homesite on each 40-acre parcel.

Improvements

The property offers a largely unimproved canvas for future development, with the flexibility to pursue development under Weld County jurisdiction or potential annexation into Frederick, Firestone, or Fort Lupton, depending on the buyer’s vision and intended use. Aside from existing oil and gas facilities occupying approximately 3.5 acres, the property has no significant improvements, providing an exceptional opportunity for the next owner to shape the land to meet their investment or development objectives.

Water/Mineral Rights & Natural Resources

The offering includes 5.15 shares of FRICO (Standley Lake Division) water, representing a significant ownership interest in the limited number remaining privately held Standley Lake shares outside of municipal ownership.
Approximately 42 acres along the southern portion of the property are subject to an existing dry-up covenant with the City of Northglenn. The remainder of the property may be subject to a future dry-up covenant, which will be conveyed with the 5.15 associated FRICO shares at closing if necessary.
All mineral rights are specifically excluded from the offering and will not be conveyed.

Region & Climate

Firestone and Fort Lupton are neighboring communities in southwestern Weld County, located along the I-25 corridor approximately 25–30 miles north of downtown Denver and about 20–25 miles southwest of Greeley. Situated on Colorado’s high plains at the northern edge of the expanding Denver metropolitan region, the area is experiencing steady residential, commercial, and industrial growth while retaining strong ties to agriculture and open land.
Climate
Firestone and Fort Lupton enjoy a classic high-plains, semi-arid continental climate characterized by:

Over 240 sunny days per year

Four distinct seasons with low humidity and moderate temperatures

Warm summers (average high in July: 88–90°F) and cool, crisp winters (average high in January: 42–44°F)

Low annual precipitation (approximately 14–15 inches)

Generally light winds and good air quality compared to many denser Front Range communities