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    204 Maple St Fort Collins, CO 80521

    • Office buildings
    • 1,282 SF
    • 0.03 lot acres
    For Sale
    View listing
    $305,900
    Last Sale
    Jun 13, 2024
    $215,000
    Value Estimations
    Cap Rate Potential
    8.9%
    Office buildings
    Location Intelligence
    Property ID
    US13-0465146
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Haltzman Law Firm / Personal Injury Attorney / Law Firm
    • DUI/DUID Law Office - Brad Allin / Criminal Justice Attorney
    • Brad Allin - DUI Law Office / Criminal Justice Attorney / Attorney
    • Cummings & Petrone Criminal Defense Law Firm / Law Firm / Criminal Justice Attorney
    • Mill Creek Hair Studio - Aveda Salon / Hair Salon

    Property Details for 204 Maple St

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.03 lot acres
    Property size
    1,282 SF
    Property type
    Office buildings
    APN
    97111-36-105
    APU
    9711136105

    Description

    This exceptional 956-square-foot executive office condo is situated in the desirable Old Town Fort Collins area, specifically at 204 Maple Street #102. Built in 2008 and renovated in 2010, this ground-level unit within the Penny Flats mixed-use development boasts a highly visible location with direct access to numerous amenities. The property features high-quality finishes including solid core doors, solid surface countertops, LED lighting, and attractive wood trim. The spacious layout includes four private offices, a bullpen area, a reception area, and a private restroom. Zoned for Downtown use (D), this 0.03-acre lot offers an unparalleled opportunity for businesses seeking a prestigious Old Town address. Its proximity to restaurants, museums, entertainment venues, and Lee Martinez Park makes it an ideal location for a variety of professional uses, including financial services, engineering firms, insurance agencies, or legal practices. The asking price is $305,900, translating to $265.31 per square foot. The property's APN is 9711136102. This is a rare chance to own a thriving business space in the heart of Old Town Fort Collins.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $215,000
      ML approach
      $215,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $320,000
      6.5%
      $295,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $344,000
      Market price range: $208k - $345k
      AI Estimate
      $344,000
      Market price range: $91.5k - $345k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $250,000
      Current use
      AUTO REPAIR, GARAGE
      $315,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $235,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.079
    Latitude
    40.591
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,395
    $19,195
    $97,120
    $116,315
    -
    $68,800
    $348,100
    $416,900

    Comparable in this City

    • Value Estimation
      $285,000
      1,127 SF

      204 Maple St, Unit 101

      OFFICE BUILDING • 1,127 SF
      204 Maple St, Fort Collins, CO 80521-2077
      View Details
    • Value Estimation
      $1,220,000
      80,357 SF

      4101 Laporte Ave

      OFFICE BUILDING • 80,357 SF
      4101 Laporte Ave, Fort Collins, CO 80521-2154
      View Details
    • Value Estimation
      $255,000
      1,003 SF

      210 Magnolia St, Unit 120

      OFFICE BUILDING • 1,003 SF
      210 Magnolia St, Fort Collins, CO 80521-2915
      View Details
    • Value Estimation
      $1,110,000
      44,695 SF

      209 Meldrum St

      OFFICE BUILDING • 44,695 SF
      209 Meldrum St, Fort Collins, CO 80521-2603
      View Details
    • Value Estimation
      $750,000
      43,019 SF

      315 Oak St

      OFFICE BUILDING • 43,019 SF
      315 Oak St, Fort Collins, CO 80521-2703
      View Details
    • Value Estimation
      $335,000
      3,600 SF

      217 Olive St

      OFFICE BUILDING • 3,600 SF
      217 Olive St, Fort Collins, CO 80521-2714
      View Details

    Similar Nearby for Sale

    • $3,350,000
      10,500 SF

      Downtown Fort Collins Standalone Building

      Standalone building in downtown Fort Collins with exclusive parking.
      345 E Mountain Ave, Fort Collins, CO 80521
      View Details
    • $1,500,000
      3,502 SF

      Spacious Office Near Old Town

      Office building near Old Town Fort Collins with parking.
      417 W Mountain Ave, Fort Collins, CO 80521
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    • $700,000
      20,225 SF

      Downtown Fort Collins Office Space

      Prime office space with panoramic views in downtown Fort Collins.
      215 W Oak St, Fort Collins, CO 80521
      View Details
    • Contact for pricing
      20,225 SF

      Downtown Fort Collins Office Investment

      Prime office space in the heart of downtown Fort Collins.
      215 W Oak St, Fort Collins, CO 80521
      View Details
    • $1,195,000
      3,128 SF

      Freestanding Old Town Office Building

      Freestanding office building in Old Town with on-site parking.
      320 W Olive St, Fort Collins, CO 80521
      View Details
    • Contact for pricing
      20,225 SF

      Downtown Fort Collins Office Tower

      Prime office space with panoramic views in downtown Fort Collins.
      215 W Oak St, Fort Collins, CO 80521
      View Details

    Similar Nearby for Lease

    • $645,000
      1,910 SF

      Historic Queen Anne Office Building

      Historic office building in downtown Fort Collins available for rent.
      226 W Magnolia St, Fort Collins, CO 80521
      View Details
    • $1,975 /Mo
      1,208 SF

      Creative Office Space in Fort Collins

      Flexible office space in Old Town West, Fort Collins.
      210 W Magnolia St, Fort Collins, CO 80521
      View Details
    • $12 SF/Yr
      48,197 SF

      Downtown Fort Collins Office Space

      Executive Suites, Newly Renovated, 48,197 sqft
      215 Oak St, Fort Collins, CO 80521
      View Details
    • $180 SF/Yr
      15,002 SF

      Prime Fort Collins Office Space

      Traditional office, 15,002 sq ft, ample parking.
      425 Mulberry St, Fort Collins, CO 80521
      View Details
    • Contact for pricing
      200 SF

      Fort Collins Class A Office Space

      Modern Office Suite in KeyBank Tower
      125 Howes St, Fort Collins, CO 80521
      View Details
    • $18 SF/Yr
      1,866 SF

      Remodeled Retail Space Near CSU

      Remodeled retail space in Campus West shopping center.
      1205 W Elizabeth St, Fort Collins, CO 80521
      View Details
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    204 Maple St
    Fort Collins, CO 80521
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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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