55+ Cottage
For Sale
$579,500
4751 Pleasant Oak Dr, Fort Collins, CO 80525
Residential, Fort Collins, CO
Property Size1,384 SF
Price / SF$418.71
Days on Market342
Property Features for 4751 Pleasant Oak Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
HC
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 2, Laundry Room, Basement, Bathroom 1, Bedroom 1, Dining Room, Bedroom 2, Laundry Room
Parking features
Open
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Pool private
1
Interior features
Separate Dining Room, Walk-In Closet(s), Washer/Dryer Hookup
Fencing
Fenced
Basement
Crawl Space
Appliances
Electric Range, Self Cleaning Oven, Dishwasher, Refrigerator, Microwave, Disposal, Fire Alarm
Subdivision
Mackenzie Place Oakridge Condos Supp 4 Ftc
Lot features
Corner Lot, Level, Paved, Curbs, Gutters, Sidewalks, Street Light, Alley, Fire Hydrant within 500 Feet
View
City
Elementary school
Werner
Middle school
Preston
High school
Fossil Ridge
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Directions
From Harmony, South on McMurray, Right on Pleasant Oak, Left into the community, home is on the West side of the lodge.
Standard status
Active
APN
R1649942
Size
1,384 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2770
HOA Fee
$503 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Amenities
theater
pool
fitness center
restaurant
pub
clubhouse
green space
Building Details
Year built
2010
Floors in Building
1
Building materials
Frame
Roof type
Composition
Architectural style
Cottage
Listing Agency:
RE/MAX Advanced Inc. · RE/MAX International
(970) 221-5995
Listed By:
Sarah Schilz · License #100029674
(970) 817-0906
Added: Oct 2, 2025
Changed: Sep 2
Last Checked: Sep 8 at 11:06PM
MLS# 1044966
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This maintained cottage condominium at MacKenzie Place in Fort Collins offers a light-filled open floor plan with 2 bedrooms and 2 bathrooms. The primary suite includes two walk-in closets and a private ensuite bath, and the spare bathroom features a Kohler heated and jetted walk-in tub. An oversized garage is equipped with built-in shelving and enclosed storage, supporting organization for hobbies and seasonal items. Residents can also enjoy a private back patio.
Set on a southwest-facing corner lot, the home’s front porch overlooks green space and the clubhouse. The MacKenzie Place community includes a theater, pool, fitness center, restaurant, pub, and a variety of social activities. Zoning is listed as HC.
Set on a southwest-facing corner lot, the home’s front porch overlooks green space and the clubhouse. The MacKenzie Place community includes a theater, pool, fitness center, restaurant, pub, and a variety of social activities. Zoning is listed as HC.
Key Highlights
- 2010‑built cottage in an exclusive 55+ community
- 2BR/2BA open floor plan with separate dining room and washer/dryer hookup
- Primary suite features two walk‑in closets and private ensuite bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,182
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$343,640
$343.6K
Cap Rate 7%
$245,457
$245.5K
Cap Rate 9%
$190,911
$190.9K
Market Conditions
NOI Build-Up for 1,384 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.9K $23.76/SF
− Vacancy
−$1.6K −$1.19/SF
EGI
$31.2K $22.57/SF
− OpEx
−$14.1K −$10.16/SF
NOI
$17.2K $12.41/SF
Area
Fort Collins, CO
Vacancy
5.00%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$343,640
Cap Rate 7%
$245,457
Cap Rate 9%
$190,911
Alternative Uses
Best Use
Apartment 5plus
$245.5K
$214.8K – $286.4K
NOI $17,182 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.4K
$315.4K – $420.5K
NOI $25,228 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Explore this area
Business Placement
Demographics for 80525, CO
55,901
Population
25,144
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
2,389
Density / Sq Mi
$93,349
Median Household Income
$48,876
Median Earnings
$1,744
Median Rent
$563,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Southwest corner cottage with 2 bedrooms, 2 baths, and an oversized garage in a 55+ community.
Where is this single family property located?
The property is located at 4751 Pleasant Oak Dr Fort Collins, CO.
What is the asking price?
The asking price for this property is $579,500.
What are key features of this property?
This property features: 2010‑built cottage in an exclusive 55+ community; 2BR/2BA open floor plan with separate dining room and washer/dryer hookup; Primary suite features two walk‑in closets and private ensuite bath
