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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Strip malls
1125 Drake Rd Fort Collins, CO 80526-6031
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2466464
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sensitively Yours, Inc (Bike/Boat/Book/etc) Store
-
Alpine Dental Health - West Drake Road Dental Office
-
No Limit Collectibles LLC (Bike/Boat/Book/etc) Store
-
Brabo Co. Warehouse & Storage
-
Neutron Insurance Coverage LLC Fort Collins Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
Gannett Properties LLC · 3 yrs held
Gannett Properties LLC
since 2022
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+213.1%
Restaurant
$1.5M
+202.3%
Office building
$1.4M
+193.3%
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
$2,055,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
$2,655,000
6.5%
$2,450,000
7%
$2,275,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,540,000
Change: +213% · Conversion: Easy
RESTAURANT
$1,485,000
Change: +202% · Conversion: Difficult
OFFICE BUILDING
$1,445,000
Change: +193% · Conversion: Moderate
MEDICAL BUILDING
$1,440,000
Change: +193% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,290,000
Change: +162% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $2.10M (Nov 21 2022)
Last sale anchor
$2.10M
Nov 21 2022
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
$224 / 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
$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
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
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
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
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
4
Lot
0.53 ac
Current owner
From public records · entity-resolved
Gannett Properties LLC
Entity
Mailing address
950 S TAFT RD, FORT COLLINS, CO 80521
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2022
$2,100,000
Gannett Properties LLC
Hakuna Properties LLC
Special Warranty Deed
$3,500,000 · Live Oak Banking Company
Oct 1, 2012
$690,000
Hakuna Properties LLC
North College Lofts LLC
Grant Deed
—
Sep 25, 2012
—
North College Lofts LLC
Hasler,timothy W
Quit Claim Deed
related
—
Aug 14, 2008
$1,200,000
North College Lofts LLC
Gagliardi,james A & Nohra
Warranty Deed
$812,000 · Guaranty Bank
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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