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    120 Triangle Dr Fort Collins, CO 80525

    For Sale
    $785,000

    46-Unit Apartment Building, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.86-acre property at 120 Triangle Drive, Fort Collins, CO 80525, presents a prime multifamily development opportunity. Currently featuring a 46-unit apartment building, this site is zoned for Medium Density Mixed-Use Neighborhood District (M-M-N), offering significant potential for expansion or redevelopment. The asking price is $785,000, translating to an attractive price per unit of $20,108.70. Situated in the highly desirable College Avenue Corridor, this infill location boasts convenient access to Northern Colorado communities. The property benefits from existing off-site infrastructure, with water and sewer utilities already connected and paid for. Given the scarcity of development-ready sites in this area, this presents a rare chance to capitalize on the strong demand for housing in Fort Collins. The property's strategic location and zoning flexibility make it an ideal investment for developers seeking to create a thriving multifamily community. This is a truly exceptional opportunity to acquire a well-positioned asset with significant upside potential in a rapidly growing market. The property is ready for immediate development or can be utilized as a currently operating 46-unit apartment complex. Don't miss this chance to secure a piece of Fort Collins' vibrant real estate market.

    Property Features for 120 Triangle Dr

    General Information

    Property type
    Retirement homes
    Lot Size
    168,142 SF

    Building Details

    Units
    46
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness 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
    -105.0779386
    Latitude
    40.486926

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    FAQs

    What type of property is this?
    Retirement home - 46-Unit Apartment Building, Development Ready
    Where is this retirement home located?
    The property is located at 120 Triangle Dr Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $785,000.
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    120 Triangle Dr Fort Collins, CO 80525
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    Fort Collins, CO 80525
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    Realmo Value Estimation

    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.

    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.

    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
    120 Triangle Dr Fort Collins, CO 80525
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