111 Meldrum St Fort Collins, CO 80521-2727
- Office buildings
- 6,800 SF
- 0.22 lot acres
Current Use by Public Records
- BHA Design Inc / Landscape Architect
Property Details for 111 Meldrum St
- Year built
- 1965
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.22 lot acres
- Property size
- 6,800 SF
- Property type
- Office buildings
- APN
- 97114-11-006
- APU
- 9711411006
Description
This exceptional mixed-use property at 111 S Meldrum St, Fort Collins, CO 80521, presents a compelling investment opportunity. The 6,408 square foot building boasts a prime location in Old Town Fort Collins, a nationally recognized destination for retail and business, situated just two blocks from the heart of Old Town at College and Mountain Avenues. Its strategic placement ensures high foot traffic, benefiting from proximity to Colorado State University and the vibrant energy of the surrounding shops and restaurants. The building is currently 100% leased, comprising renovated first-floor office and retail space, along with four apartments on the second floor. This translates to a compelling asking price of $2,060,389, representing a price per square foot of $321.53 and a projected cap rate of 5.50%. The property's strong tenant base and desirable location in Old Town Fort Collins, a major regional attraction drawing visitors from across Colorado and even Wyoming, promise consistent rental income and significant long-term appreciation potential. This rare opportunity offers a blend of stable income and growth potential in a thriving Colorado market. The property's size and diverse tenant mix provide a balanced and resilient investment portfolio. Don't miss this chance to acquire a highly sought-after mixed-use asset in one of Colorado's most dynamic and desirable locations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,725,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,850,000
- 6.5%
- $2,140,000
- 7%
- $2,080,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,180,000
- Geo Method
- $1,850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,135,000
- Retail
- $2,135,000
- Mixed-Use
- $2,225,000
- Hospitality
- $2,100,000
- Educational
- $2,140,000
- Residential Income
- $2,055,000
- Energy
- $1,715,000
- Income-Based Land
- $2,250,000
- Food Service
- $1,720,000
Location Insight
- Map
- Local Demand
- City
- Fort Collins
- County
- Larimer
- State
- Colorado
- Longitude
- -105.083
- Latitude
- 40.5865
- CBSA code
- 22660
- CBSA name
- FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA
