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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Specialty properties
1006 Luke St Fort Collins, CO 80524-4016
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2749104
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1978
Construction
WOOD FRAME
Total area
3,134 SF
Lot
0.67 ac (29,185 SF)
APN
87183-17-002
UPID
US13-2749104
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Red Sage Integrative Veterinary Partners Veterinary Clinic
-
Worford Cherie L MD Physician
-
Amy Grove Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$565k
Owner & transaction history
Luke Street Property Management LLC · 4 yrs held
Luke Street Property Management LLC
since 2021
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$535,000
+7.9%
Office building
$500,000
+1.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Collins submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Collins submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$560,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$495,000
Current use
MEDICAL BUILDING
$535,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$450,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$420,000
Change: -15% · Conversion: Difficult
WAREHOUSE, STORAGE
$405,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $565k (Dec 15 2021)
Last sale anchor
$565k
Dec 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$180 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,579
Tax year 2023
Assessed value
$244,738
Assessed 2023
Previous assessed
$244,738
+0.0% YoY
Effective rate
8.82%
On assessed value
Assessed land
$73,265
Assessed improvement
$171,473
Land market value
$262,600
Improvement market value
$614,600
Total market value
$877,200
Applied tax rate
1,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
ZONE
Cooling
YES
Stories
1
Total area
3,134 SF
Lot
0.67 ac (29,185 SF)
APN
87183-17-002
UPID
US13-2749104
Jurisdiction
LARIMER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$495,000
MEDICAL BUILDING
Est. value
$535,000
OFFICE BUILDING
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$450,000
RETAIL STORES
Est. value
$420,000
WAREHOUSE, STORAGE
Est. value
$405,000
VETERINARY, ANIMAL HOSPITAL Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
WOOD FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Luke Street Property Management LLC
Entity
Mailing address
1075 W HORSETOOTH RDSTE101, FORT COLLINS, CO 80526-5983
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
—
Luke Street Property Management LLC
—
Deed
related
$557,000 · Colorado Lending Source Ltd
Jul 6, 2022
—
Luke Street Property Management LLC
—
Deed
related
$538,320 · Firstbank
Dec 15, 2021
$565,000
Luke Street Property Management LLC
Christine F Skorberg
Special Warranty Deed
$452,000 · Firstbank
Sep 6, 2016
—
Christine F Skorberg
—
Deed
related
$385,558 · First National Bank Of Omaha
Dec 8, 2015
—
Christine F Skorberg
—
Trustees Deed
related
$140,000 · Richard S Gould
Apr 5, 2010
$450,000
Christine F Skorberg
Hayes,karen E
Grant Deed
$379,500 · Karen E Hayes
Jan 29, 2009
$435,000
Karen E Hayes
Christine
Grant Deed
—
Apr 2, 2003
$341,300
Christine LP
Poundre Valley Health Care INC
Grant Deed
—
Dec 6, 1999
—
George E Valley
1006 Luke Co
Quit Claim Deed
related
—
—
—
Christine F Skorberg
—
Deed Of Trust
related
$140,000 · Richard S Gould
—
—
George E Valley
—
Deed Of Trust
related
$96,000 · First National Bank
—
—
Christine F Skorberg
—
Deed Of Trust
related
$20,000 · Dick Gould INC Pp/tr (ct)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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