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Property profile & analytics
OFF-MARKET Estimated value $590,000
Strip malls

1107 Drake Rd Fort Collins, CO 80526-6041

8,080 SF 0.59 ac lot Built 1988
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US13-1201851
Property summary
AI-generated overview

This 1,521 square foot retail space is located in Suite E-2 of the Cimarron Shopping Center at 1107 W Drake Rd, Ft Collins, CO. Situated within a vibrant shopping center, this property boasts excellent foot traffic and high visibility due to its convenient location with easy access from Shield Street. The space is ideal for financial services businesses and offers a fantastic opportunity to establish a presence in a thriving community. One space is currently available for lease, offering a great chance for businesses seeking a well-established location. Tenants benefit from the opportunity to advertise on the digital monument sign visible from Drake and Shields Streets, enhancing marketing reach. The lease terms include a first month's rent and a security deposit totaling $4,350, due at lease signing. The property is available for occupancy on December 31, 2024. The lease is a triple net (NNN) lease with a base rent of $23.00 per square foot, and additional NNN expenses of $11.26 per square foot. This presents a compelling opportunity for businesses seeking a high-traffic, well-located retail space in a flourishing Fort Collins neighborhood.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,080 SF
Lot 0.59 ac (25,700 SF)
APN 97271-58-001
UPID US13-1201851
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
  • We Fix It Phone Repair Computer & Electronic Repair Tech Support Center
  • Batteries Plus Auto Parts Store
  • Ent Credit Union Credit Union
  • Front Range Reptiles (Bike/Boat/Book/etc) Store Pet Store
  • Ptacek Enterprises Inc Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$635k
CAP Approach CAP
by Request
Comparable Approach Comparable
$543k
Blend (final) Blend
$590k
Owner & transaction history
S & H Real Estate INC · 8 yrs held
S & H Real Estate INC
since 2017
2 recorded transactions
2017
$3.2M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $950,000 +122.1%
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