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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Distribution centers
1101 Academy Ct 3 Fort Collins, CO 80524-8966
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0152495
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
STEEL FRAME
Total area
2,970 SF
Lot
0.3 ac (12,937 SF)
APN
87184-42-003
UPID
US13-0152495
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
$865k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$800k
Owner & transaction history
Kkc Rebelz LLC · 3 yrs held
Kkc Rebelz LLC
since 2023
Last sale
$849,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+85.9%
Retail stores
$985,000
+81.2%
Office building
$940,000
+72.4%
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
$1,030,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$545,000
Current use
MEDICAL BUILDING
$1,010,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$985,000
Change: +81% · Conversion: Moderate
OFFICE BUILDING
$940,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$725,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $849k (Jul 3 2023)
Last sale anchor
$849k
Jul 3 2023
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
$269 / 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
$13,383
Tax year 2023
Assessed value
$154,957
Assessed 2023
Previous assessed
$137,808
+12.4% YoY
Effective rate
8.64%
On assessed value
Assessed land
$36,131
Assessed improvement
$118,826
Land market value
$129,500
Improvement market value
$425,900
Total market value
$555,400
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
2,970 SF
Lot
0.3 ac (12,937 SF)
APN
87184-42-003
UPID
US13-0152495
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
$545,000
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$985,000
OFFICE BUILDING
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$725,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
0.3 ac
Current owner
From public records · entity-resolved
Kkc Rebelz LLC
Entity
Mailing address
1101 ACADEMY CT UNIT #3, FORT COLLINS, CO 80524-8966
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$849,000
Kkc Rebelz LLC
Mary Ann Ellis
Personal Representative Deed
$424,500 · Mountain Valley Bank
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
—
Nov 20, 2009
—
Borman John D Trust
Borman,john D JR & Mary E
Quit Claim Deed
related
—
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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