1918 Lemay Ave Fort Collins, CO 80525-1294
This exceptional retail property, located at 1918 S Lemay Ave in Fort Collins, Colorado, presents a compelling investment opportunity. The 4,992 square foot building, constructed in 1980, sits on a 0.62-acre lot and is currently home to seven tenants. The building features 3,358 square feet on the main and upper levels, complemented by a 1,634 square foot basement, offering versatile space for a variety of retail uses. The asking price is $800,000, translating to $160 per square foot. The property is part of a two-building campus, with the option to purchase the adjacent building as well. The campus-like setting includes attractive outdoor patio space. This property is zoned for low-density residential use (RL) in Larimer County, zip code 80524. The property's location in Fort Collins offers excellent access to a thriving community and strong retail market. This is a rare opportunity to acquire a well-occupied retail building with significant potential for growth and return on investment.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.