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Property profile & analytics
OFF-MARKET
Estimated value
$2,395,000
Retail space
1007 College Ave Fort Collins, CO 80524-1207
Individually Owned
4-yr Hold
Free & Clear
Property ID
US13-0056945
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,408 SF
Lot
0.59 ac (25,526 SF)
APN
97024-14-001
UPID
US13-0056945
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
-
Launch: Community Through Skateboarding Community Center
-
Kosmo Screen Printing & Embroidery Textile Manufacturer Factory
-
Underwater Wonders (Bike/Boat/Book/etc) Store Pet Store & Service
-
Farmhouse Hemp (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.43M
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
Marlin Ness · 4 yrs held
Marlin Ness
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+32.2%
Medical building
$2.9M
+2.6%
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
$2,255,000
ML approach
$2,430,000
CAP Approach
CAP Return
Estimation
6%
$2,115,000
6.5%
$1,950,000
7%
$1,810,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,795,000
Current use
RESTAURANT
$3,695,000
Change: +32% · Conversion: Easy
MEDICAL BUILDING
$2,865,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,775,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$2,660,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.40M
Range $2.16M – $2.63M · ±10% · vs last sale $2.45M (Jun 7 2022)
Last sale anchor
$2.45M
Jun 7 2022
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
$285 / 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
$54,251
Tax year 2023
Assessed value
$602,613
Assessed 2023
Previous assessed
$202,652
+197.4% YoY
Effective rate
9.00%
On assessed value
Assessed land
$106,857
Assessed improvement
$495,756
Land market value
$383,000
Improvement market value
$1,776,900
Total market value
$2,159,900
Applied tax rate
1,112.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
8,408 SF
Lot
0.59 ac (25,526 SF)
APN
97024-14-001
UPID
US13-0056945
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
RETAIL STORES Current
Est. value
$2.8M
RESTAURANT
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
0.59 ac
Current owner
From public records · entity-resolved
Marlin Ness
Individual
Free & Clear · 4 yrs held
Mailing address
8380 E 28TH ST, GREELEY, CO 80631
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
$2,450,000
Marlin Ness
North Colorado Lofts LLC
Warranty Deed
—
Dec 27, 2021
—
North Colorado Lofts LLC
333 E 4th Street LLC
Bargain And Sale Deed
—
Dec 27, 2021
$377,100
North Colorado Lofts LLC
333 E 4th Street LLC
Warranty Deed
$200,000 · Fearnot Investments LLC
Mar 2, 2020
$658,000
333 E 4th Street LLC
North Colorado Lofts LLC
Warranty Deed
—
Jan 8, 2020
—
Michael L Jensen
—
Deed
related
$150,000 · Fearnot Invs LLC
Aug 9, 2019
—
Michael L Jensen
—
Trustees Deed
related
$248,000 · Fearnot Invs LLC
Apr 8, 2019
$671,901
Kerry L O'sullivan
North Colorado Lofts LLC
Warranty Deed
—
Feb 21, 2018
—
Michael L Jensen
—
Trustees Deed
related
$100,000 · Fearnot Invs LLC
Apr 5, 2017
—
North Colorado Lofts LLC
—
Trustees Deed
related
$300,000 · Fearnot Invs LLC
Dec 6, 2016
—
North Colorado Lofts LLC
Trinity Investments Ltd LLC
Quit Claim Deed
related
$300,000 · Fearnot Invs LLC
Dec 5, 2016
—
North College Lofts LLC
Black,e Leroy & E Linda
Quit Claim Deed
related
—
Oct 13, 2016
—
North Colorado Lofts LLC
Black,e Leroy & E Linda
Quit Claim Deed
related
—
Dec 16, 2009
—
North College Lofts LLC
—
Trustees Deed
related
$750,000 · Timothy W Hasler
May 3, 2006
$1,412,000
Trinity Investments Ltd LLC
Verstraete,rose
Warranty Deed
$1,138,562 · Bank Of Choice Ft Collins
—
—
Michael L Jensen
—
Deed Of Trust
related
$150,000 · Fearnot Invs LLC
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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