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Property profile & analytics
OFF-MARKET Estimated value $1,100,000
Drug stores

116 Smokey St Fort Collins, CO 80525-3803

4,608 SF 0.21 ac lot Built 1984
Entity Owned ~ Est. High Equity
Property ID
US13-0745010
Property summary
AI-generated overview

This exceptional 4,608-square-foot flex building, situated on a 0.21-acre lot at 116 Smokey Street in Fort Collins, Colorado, presents a compelling investment opportunity. Built in 1984 and extensively renovated in 2018, the property boasts high-end finishes and is ideally located along Highway 287/South College Avenue, providing convenient access to major transportation routes and the city's urban core. The single-story building features a CS - Service Commercial zoning designation, making it suitable for a variety of uses. The property includes significant amenities, such as two 10' x 10' overhead doors and one 8' x 9' overhead door, providing ample access for loading and unloading. The interior features 20 tons of heating and air conditioning in the conditioned shop areas, ensuring a comfortable and productive work environment. A robust 600-amp electrical service is in place, catering to the needs of most businesses. Further enhancing its appeal, the property includes fenced storage and prominent signage visible from College Avenue. Its strategic location offers easy access to I-25, facilitating seamless connections to Denver and Cheyenne, while also providing convenient access to Loveland and Greeley. The asking price is $1,250,000, translating to $271.27 per square foot. This represents a rare opportunity to acquire a well-maintained, strategically located flex space in a thriving Colorado market.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 1984
Construction WOOD FRAME
Total area 4,608 SF
Lot 0.21 ac (9,365 SF)
APN 96122-06-043
UPID US13-0745010
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.07M
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$1.10M
Owner & transaction history
The Ray Group LLC
The Ray Group LLC
since 2026
Last sale
$1.1M
3 recorded transactions
2026
$1.1M
2017
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.5M +25.0%
Office building $1.2M +0.4%
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