Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 E Mountain Ave Fort Collins, CO 80524

    • Office buildings
    • 11,964 SF
    • 0.14 lot acres
    For Lease
    View listing
    Last Sale
    Dec 30, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2300351
    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.

    Current Use by Public Records

    • Vintage Willows Boutique Fort Collins / Clothing Store
    • Heck Yes Vintage / (Bike/Boat/Book/etc) Store

    Property Details for 115 E Mountain Ave

    Year built
    1905
    Lot size
    0.14 lot acres
    Property size
    11,964 SF
    Property type
    Office buildings
    APN
    97123-18-035
    APU
    9712318035

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,985,000
      6.5%
      $2,755,000
      7%
      $2,560,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,259,000
      Market price range: $1.05M - $3.23M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,785,000
      Current use
      MEDICAL BUILDING
      $4,080,000
      Change: +8% Conversion: Easy
      RETAIL STORES
      $3,975,000
      Change: +5% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $3,950,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.076
    Latitude
    40.5867
    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
    $83,870
    $196,500
    $640,472
    $836,972
    -
    $704,300
    $2,295,600
    $2,999,900

    Comparable in this City

    • Value Estimation by Request
      960 SF

      5815 Hwy 14

      OFFICE BUILDING • 960 SF
      5815 Hwy 14, Fort Collins, CO 80524-9268
      View Details
    • Value Estimation by Request
      2,389 SF

      2649 Mulberry St, Unit A12

      OFFICE BUILDING • 2,389 SF
      2649 Mulberry St, Fort Collins, CO 80524-3672
      View Details
    • Value Estimation by Request
      1,421 SF

      144 Mason St, Unit 3

      OFFICE BUILDING • 1,421 SF
      144 Mason St, Fort Collins, CO 80524-7103
      View Details
    • Value Estimation
      $505,000
      2,550 SF

      123 College Ave Ste, Unit 310

      OFFICE BUILDING • 2,550 SF
      123 College Ave Ste, Fort Collins, CO 80524-2481
      View Details
    • Value Estimation by Request
      1,734 SF

      123 College Ave Ste, Unit 350

      OFFICE BUILDING • 1,734 SF
      123 College Ave Ste, Fort Collins, CO 80524-2481
      View Details
    • Value Estimation by Request
      2,328 SF

      2649 Mulberry St, Unit A15

      OFFICE BUILDING • 2,328 SF
      2649 Mulberry St, Fort Collins, CO 80524-3672
      View Details

    Similar Nearby for Sale

    • $2,250,000
      16,210 SF

      Fort Collins Office Investment Opportunity

      Office building for sale with existing income and owner/user potential.
      1520 E Mulberry St, Fort Collins, CO 80524
      View Details
    • $5,470,000
      14,392 SF

      Fort Collins Office Building

      Office building for sale in Fort Collins, Colorado.
      242 Linden St, Fort Collins, CO 80524
      View Details
    • $2,400,000
      0.18 Acres

      Old Town Fort Collins Investment

      Fully leased commercial property in the heart of Old Town.
      140 W Oak St, Fort Collins, CO 80524
      View Details
    • $2,275,000

      Office and Warehouse with Expansion

      Office and warehouse on 1+ acre with expansion potential.
      Rome Ct, Fort Collins, CO 80524
      View Details
    • $5,000,000
      32,652 SF

      Two-Story Office Building in Fort Collins

      Versatile office building near Downtown Fort Collins with ample parking.
      1629 Blue Spruce Dr, Fort Collins, CO 80524
      View Details
    • $661,400
      3,307 SF

      Medical Office Near UCHealth

      3,307 SF medical office near UCHealth Poudre Valley Hospital.
      1017 Robertson St, Fort Collins, CO 80524
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      34,726 SF

      Downtown Fort Collins Office Space

      Prime location with high visibility and abundant parking.
      401 S College Ave, Fort Collins, CO 80524
      View Details
    • $15 SF/Yr
      4,227 SF

      Downtown Fort Collins Gem

      Restaurant & Office Space Available
      223 Linden St, Fort Collins, CO 80524
      View Details
    • $2,500 /Mo
      600 SF

      Office Space Near Old Town

      Office space with private offices, conference room, and secure storage.
      1301 Riverside Ave, Fort Collins, CO 80524
      View Details
    • $16 SF/Yr

      Medical Office Near Poudre Valley

      Medical office building across from Poudre Valley Hospital. Available for lease.
      1032 Luke St, Fort Collins, CO 80524
      View Details
    • $16 SF/Yr
      2,318 SF

      Downtown Fort Collins Office Space

      Renovated, Two-Suite Office Building
      523 Remington St, Fort Collins, CO 80524
      View Details
    • $10 SF/Yr
      42,189 SF

      Riverside Ave Flex Space

      Fort Collins industrial space, recently renovated.
      1212 Riverside Ave, Fort Collins, CO 80524
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 E Mountain Ave
    Fort Collins, CO 80524
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.