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    Fort Collins Multifamily Investment Opportunity Title is generated by Realmo AI

    3644 S Timberline Rd, Fort Collins, CO 80525

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    138-unit multifamily asset in Fort Collins, Colorado.

    Type:Multifamily
    Added:
    Apr 3, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 5:28 am

    Property Features for 3644 S Timberline Rd

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Matthew T. Berk

    Listing agent Matthew T. Berk License #CO: FA.100103127

    Listing office Denver Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Denver Office

    HighLights

    • Located in the highly desirable and fast‑growing Fort Collins market.
    • Mix of market‑rate and rent‑restricted units provides rent stability and potential for operational upside.
    • Significant operational upside potential with current market‑rate rents being more than $550/month below similar units.
    • Immediate access to retail, employment centers, and outdoor recreation.
    • Close proximity to Harmony Road corridor, Front Range Village, downtown Fort Collins, and Colorado State University.
    • Limited new supply in the area positions the property for strong performance and value appreciation.

    Overview

    Fox Meadows Apartments, a 138-unit multifamily asset, is located on South Timberline Road in Fort Collins. Delivered in 2001, the property combines quality construction with long-term affordability. The unit mix comprises 56 one-bedroom and 82 two-bedroom units. Sixty-three units are rent-restricted at 50% and 60% AMI, with the remaining 75 units offered at market rates. The location in southeast Fort Collins provides residents with access to retail, employment centers, and outdoor recreation. Fox Meadows Apartments is located minutes from the Harmony Road corridor, offering access to employers, grocery stores, and entertainment. Downtown Fort Collins, Colorado State University, I-25, and US-287 are also easily accessible. The community is less than five minutes from Front Range Village, a shopping and dining destination, and is near parks, bike paths, and open space. The property offers potential for operational upside through strategic management and upgrades. Market-rate units have current rents more than $550/month below similar, competing units. The property's location, physical fundamentals, and combination of affordable and market-rate units ensure consistent demand and the ability to capture future rent growth.
    Location Intelligence

    Current Use by Public Records

    Fox Meadows Apartments Apartment Building

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.0376123
    Latitude
    40.5375966

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    FAQs

    What type of property is this?
    Apartment building - 138-unit multifamily asset in Fort Collins, Colorado.
    Where is this apartment building located?
    The property is located at 3644 S Timberline Rd Fort Collins, CO.
    What are key features of this property?
    This property features: Located in the highly desirable and fast‑growing Fort Collins market.; Mix of market‑rate and rent‑restricted units provides rent stability and potential for operational upside.; Significant operational upside potential with current market‑rate rents being more than $550/month below similar units.
    (303) 328-2035
    We can help!
    Listing Contact
    Matthew T. Berk
    Real Estate License ID: CO: FA.100103127
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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