Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1000 Drake Rd Fort Collins, CO 80525-1824

    • Manufacturing properties
    • 180,584 SF
    • 39.00 lot acres
    OFF-MARKET
    Value Estimations
    $26,800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2354066
    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

    • Woodward / Corporate Office / Factory

    Property Details for 1000 Drake Rd

    Year built
    1968
    Lot size
    39.00 lot acres
    Property size
    180,584 SF
    Property type
    Manufacturing properties
    APN
    97244-00-028
    APU
    9724400028

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $30,275,000
      6.5%
      $27,945,000
      7%
      $25,950,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,271,000
      Market price range: $18.7M - $39.2M
      AI Estimate
      $24,181,000
      Market price range: $13.3M - $37.4M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $29,395,000
      Current use
      AUTO REPAIR, GARAGE
      $44,040,000
      Change: +50% Conversion: Easy
      WAREHOUSE, STORAGE
      $33,245,000
      Change: +13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.06
    Latitude
    40.5544
    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
    $752,254
    $947,930
    $7,291,888
    $8,239,818
    -
    $3,397,600
    $26,135,800
    $29,533,400

    Comparable in this City

    • Value Estimation by Request
      4.21 Acres

      4000 Prospect Rd

      MANUFACTURING (LIGHT) • 4.21 Acres
      4000 Prospect Rd, Fort Collins, CO 80525-9737
      View Details
    • Value Estimation by Request
      1.00 Acre

      Fort

      MANUFACTURING (LIGHT) • 1.00 Acre
      Fort, Collins, CO 80525
      View Details
    • Value Estimation
      $3,200,000
      16,590 SF

      2028 Frontage Rd

      MANUFACTURING (LIGHT) • 16,590 SF
      2028 Frontage Rd, Fort Collins, CO 80525-9717
      View Details
    • Value Estimation
      $12,515,000
      100,339 SF

      4600 Innovation Dr

      MANUFACTURING (LIGHT) • 100,339 SF
      4600 Innovation Dr, Fort Collins, CO 80525-3437
      View Details
    • Value Estimation
      $6,985,000
      37,960 SF

      4862 Innovation Dr

      MANUFACTURING (LIGHT) • 37,960 SF
      4862 Innovation Dr, Fort Collins, CO 80525-5551
      View Details
    • Value Estimation
      $7,230,000
      40,722 SF

      4812 Mcmurry Ave

      MANUFACTURING (LIGHT) • 40,722 SF
      4812 Mcmurry Ave, Fort Collins, CO 80525-7306
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      73.26 Acres

      Prime Fort Collins Industrial Land

      73 Acres, Light Industrial Zoning, $3.50/SF
      0 County Road 5, Fort Collins, CO 80525
      View Details
    • $2,300,000

      Modern Office Warehouse in Fort Collins

      Modern office warehouse facility built in 2020, central Fort Collins.
      2026 Bear Mountain Dr, Fort Collins, CO 80525
      View Details
    • $695,000

      Standalone Shop/Warehouse with Parking

      Standalone shop/warehouse with parking, fenced yard, and flexible zoning.
      5735 Bueno Dr, Fort Collins, CO 80525
      View Details
    • $1,250,000

      Versatile Mixed-Use Investment Opportunity

      Dual-building setup with office, residential-style space, and industrial functionality.
      5724 S College Ave, Fort Collins, CO 80525
      View Details
    • $8,300,000
      37,993 SF

      Fort Collins Executive Office Complex

      Class A Office/Flex Space, 37,993 SF
      4862 Innovation Dr, Fort Collins, CO 80525
      View Details
    • $1,250,000
      5,790 SF

      Fort Collins Flex Space For Sale

      5,790 SF Flex/Warehouse, $1.25M
      5739 Bueno Dr, Fort Collins, CO 80525
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      22,340 SF

      Oakridge Business Park Warehouse Space

      Warehouse space with fenced parking in Oakridge Business Park.
      4800 Innovation Dr, Fort Collins, CO 80525
      View Details
    • $14 SF/Yr
      37,993 SF

      Fort Collins Executive Office Space

      Class A Office/Flex Space, 2,740-11,364 SF Available
      4862 Innovation Dr, Fort Collins, CO 80525
      View Details
    • $16 SF/Yr
      4,800 SF

      South College Ave Flex Space

      Fort Collins Flex Space Available Now
      5740 College Ave, Fort Collins, CO 80525
      View Details
    • Contact for pricing

      CO, Fort Collins - Oak Park Dr

      Flexible workspace in IL, Hoffman Estates - Prairie Stone Pkwy
      1109 Oak Park Dr, Fort Collins, CO 80525
      View Details
    • Contact for pricing
      7,500 SF

      Fort Collins Warehouse Space Available

      35,000 square foot warehouse space for lease.
      3829 E Prospect Rd, Fort Collins, CO 80525
      View Details
    • $8 SF/Yr
      328,442 SF

      Fort Collins Commercial Flex Space

      2907 SF flex space in Timberline Industrial Park.
      1925 S Timberline Rd, Fort Collins, CO 80525
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1000 Drake Rd
    Fort Collins, CO 80525-1824
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!