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    115 Harmony Rd Fort Collins, CO 80525-3280

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    115 Harmony Rd Fort Collins, CO 80525-3280

    View on Map
    • Strip malls
    • 9,352 SF
    • 1.11 lot acres
    Off-Market
    Property ID
    US13-0140767
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Belinda Richardson / Physician
    • Mrs. Jessica Albers / Physician
    • Michael Johnson / Physician
    • Eric Leeseberg / Physician
    • Brian Melrose / Physician

    Property Details for 115 Harmony Rd

    Year built
    1978
    Construction
    WOOD FRAME
    Lot size
    1.11 lot acres
    Property size
    9,352 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    96012-05-027
    APU
    9601205027

    Description

    The Harmony Center, located at 115 E Harmony Rd, Fort Collins, CO 80525, offers exceptional office space opportunities. This 5,666 square foot multi-tenant building features a variety of uses, including executive office, medical office, and storefront retail spaces. Currently, there are two available spaces ranging from 2,000 to 2,394 contiguous square feet, totaling 4,394 square feet of vacant space. The building's flexible layout allows for customization to suit a variety of businesses. Ideal tenants might include service-oriented retail, yoga studios, financial services firms, legal practices, or quick-serve restaurants. The property's prime location in Fort Collins offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving commercial environment. The minimum divisible space is 2,000 square feet, providing ample room for expansion or consolidation. The maximum contiguous space available is 2,394 square feet, perfect for businesses needing a larger footprint. This is a fantastic opportunity to establish or expand your business in a vibrant and convenient location. Inquire today to learn more about leasing options and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.076
    Latitude
    40.523
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,227
    $295,489
    $134,171
    $429,660
    -
    $1,059,100
    $480,900
    $1,540,000

    Comparable in this City

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      3657 College Ave

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    • Value Estimation
      $6,000,000
      12,000 SF

      1635 College Ave

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      1635 College Ave, Fort Collins, CO 80525-1006
      View Details
    • Value Estimation
      $575,000
      15,385 SF

      4025 Mason St

      SHOPPING CENTER, STRIP CENTER • 15,385 SF
      4025 Mason St, Fort Collins, CO 80525-5953
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    • Value Estimation by Request
      4,542 SF

      2638 Timberline Rd

      SHOPPING CENTER, STRIP CENTER • 4,542 SF
      2638 Timberline Rd, Fort Collins, CO 80525-2401
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    • Value Estimation by Request
      5,238 SF

      2020 College Ave

      SHOPPING CENTER, STRIP CENTER • 5,238 SF
      2020 College Ave, Fort Collins, CO 80525-1464
      View Details
    • Value Estimation
      $800,000
      12,544 SF

      4020 College Ave

      SHOPPING CENTER, STRIP CENTER • 12,544 SF
      4020 College Ave, Fort Collins, CO 80525-3064
      View Details

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    • $1,801,800
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      Neighborhood retail center available for sale or lease.
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      High-Visibility Commercial Space For Sale

      Commercial property with high traffic exposure in Fort Collins, CO.
      5924 S College Ave, Fort Collins, CO 80525
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    • $1,675,000
      5,358 SF

      Retail/Office Space Available For Lease

      2,965 SF retail/office space available November 1, 2025.
      3600 Mitchell Dr, Fort Collins, CO 80525
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    • $2,500,000

      Harmony Road Development Opportunity

      Highly visible commercial land for retail or office development.
      201 E Harmony Rd, Fort Collins, CO 80525
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    Similar Nearby for Lease

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      2,400 SF

      Retail Space in Arbor Plaza

      Retail or office space in high-traffic Fort Collins location.
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      1,200 SF

      Retail Space in Arbor Plaza

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      Retail Space in Fort Collins

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      2,000 SF

      Retail Space in Harmony Marketplace

      Retail space available in Fort Collins' dominant community center.
      150 E Harmony Rd, Fort Collins, CO 80525
      View Details
    • $19 SF/Yr
      957 SF

      Retail Space in Harmony Marketplace

      Retail space available in Safeway-anchored Harmony Marketplace shopping center.
      1514 E Harmony Rd, Fort Collins, CO 80525
      View Details
    • Contact for pricing

      Retail Space in Mixed-Use Development

      Retail space available in new transit-oriented mixed-use development.
      157 W Drake Rd, Fort Collins, CO 80525
      View Details
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    Fort Collins, CO 80525-3280
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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