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Property profile & analytics
OFF-MARKET Estimated value $1,805,000
Office buildings

111 Meldrum St Fort Collins, CO 80521-2727

6,800 SF 0.22 ac lot Built 1965
Entity Owned 1-yr Hold Free & Clear
Property ID
US13-0674822
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,800 SF
Lot 0.22 ac (9,583 SF)
APN 97114-11-006
UPID US13-0674822
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
  • BHA Design Inc Landscaping (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.83M
CAP Approach CAP
$1.57M
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$1.81M
Owner & transaction history
Churchbells111 LLC · 1 yrs held
Churchbells111 LLC
since 2025
Last sale
$2.0M
5 recorded transactions
2025
Price N/A
2025
$2.0M
2022
Price N/A
2020
$850,000
2012
$855,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.0M +127.2%
Medical building $2.3M +76.3%
Apartment house (5+ units) $2.2M +70.8%
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