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1125 W Drake Rd, Fort Collins, CO 80526
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Property summary
AI-generated overview
This 1,440 square foot flex space, located at 1125 W Drake #B6, offers a prime location at the intersection of W. Drake Rd and S. Shields St. Built in 1987, this single-story building boasts a total of 23,234 square feet, with the available unit featuring an open layout, a reception area, convenient storage, and two private restrooms. The property is part of a larger retail and office complex, benefiting from the surrounding restaurants and retail amenities. Ample on-site parking is available for tenants and their clients. The unit is ideal for a variety of businesses seeking a versatile and well-located space. Building and monument signage opportunities are also available, providing excellent visibility for your business. The property's APN is 97271-58-005. This single-tenant space presents a unique opportunity to establish a presence in a thriving commercial area. The property is ready for immediate occupancy. Don't miss this chance to secure this well-appointed flex space in a high-traffic location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,270 SF
Lot
0.53 ac (23,217 SF)
APN
97271-58-005
UPID
US13-2466464
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
-
Dental Office
-
(Bike/Boat/Book/etc) Store
-
Warehouse & Storage
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
since 2022
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$1.5M
+213.1%
Restaurant
$1.5M
+202.3%
Office building
$1.4M
+193.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.06M
Value range
$1.85M – $2.26M
±10% around blend
Estimated value / SF
$222 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$1.85M
blend $2.06M
$2.26M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,270 SF
Lot area
0.53 ac
Year built
1987
Stories
1
APN
97271-58-005
Assessed value
$568,992
Annual tax
$51,182
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.45M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.66M
@ 6.5% CAP return
$2.45M
@ 7% CAP return
$2.28M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$51,182
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.06M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+213%
vs current-use indication
Restaurant
Office Building
Medical Building
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
7.80%
Selected cap rate for this strip malls
Derived from the Fort Collins market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.80%
9.0%
NOI (est.)
$19k *
Last sale · Nov 2022
$2.10M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$246k
Move the market yield to see immediate price impact.
Value / SF
$27
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.30%7.80%8.30%
$17k
$237k
$222k
$208k
$19k
$263k
$246k
$232k
$21k
$290k
$271k
$255k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$51,182
Tax year 2023
Assessed value
$568,992
Assessed 2023
Previous assessed
$295,510
+92.5% YoY
Effective rate
9.00%
On assessed value
Assessed land
$129,623
Assessed improvement
$439,369
Land market value
$464,600
Improvement market value
$1,574,800
Total market value
$2,039,400
Applied tax rate
1,100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
4
Total area
9,270 SF
Lot
0.53 ac (23,217 SF)
APN
97271-58-005
UPID
US13-2466464
Jurisdiction
LARIMER
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
4
Lot
0.53 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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