Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Distribution centers
1101 Academy Ct 2 Fort Collins, CO 80524-8966
Individually Owned
5-yr Hold
Free & Clear
Property ID
US13-0153007
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
STEEL FRAME
Total area
2,904 SF
Lot
0.29 ac (12,676 SF)
APN
87184-42-002
UPID
US13-0153007
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
-
Lennox Stores (PartsPlus) Big Box & Wholesale Store Building Supply
-
Academy Boat & RV Storage Storage Facility
-
Erin D. Maranjian, NCMT Alternative Medicine Practice Spa & Massage Center
-
Outdoor Cover Warehouse (Bike/Boat/Book/etc) Store
-
Ace's Place (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$633k
Blend (final)
Blend
$540k
Owner & transaction history
John D Borman JR. · 5 yrs held
John D Borman JR.
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$710,000
+33.0%
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
by Request
ML approach
$335,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$530,000
Current use
AUTO REPAIR, GARAGE
$710,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$186 / 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
$13,069
Tax year 2023
Assessed value
$151,525
Assessed 2023
Previous assessed
$134,763
+12.4% YoY
Effective rate
8.62%
On assessed value
Assessed land
$35,349
Assessed improvement
$116,176
Land market value
$126,700
Improvement market value
$416,400
Total market value
$543,100
Applied tax rate
1,101.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Total area
2,904 SF
Lot
0.29 ac (12,676 SF)
APN
87184-42-002
UPID
US13-0153007
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
WAREHOUSE, STORAGE Current
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$710,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
John D Borman JR.
Individual
Free & Clear · 5 yrs held
Mailing address
1101 ACADEMY CT UNIT #3, FORT COLLINS, CO 80524-8966
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2020
$327,500
John D Borman JR.
Thomas J Gleason
Grant Deed
—
Jan 24, 2018
—
John D Borman JR.
Borman John D Trust
Quit Claim Deed
related
—
Jan 30, 2015
—
Thomas J Gleason
Gleason,tom J
Quit Claim Deed
related
—
Jun 5, 2012
—
Lefty Investments LLC
Academy Court Storage LLC
Warranty Deed
related
—
Feb 5, 2010
—
Tom J Gleason
Gleason,tom J
Quit Claim Deed
related
—
Nov 20, 2009
—
Borman John D Trust
Borman,john D JR & Mary E
Quit Claim Deed
related
—
Jan 30, 2002
$348,000
John D Borman
Lockman Enterprises LLP
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1101 Academy Ct, Unit 2?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
