It’s the kind of gain that sounds like lore.

The former owner of a strip of undeveloped land in RiNo can boast of an eye-popping return: a 10,000 percent gain in 16 years.

Kalamath Industrial Park Inc. sold a 0.36-acre plot along 38th Street between Walnut and Blake streets last week for $2.51 million, according to property records.

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