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Property profile & analytics
OFF-MARKET
Estimated value
$14,500,000
Office buildings
1201 Oakridge Dr Fort Collins, CO 80525-6267
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-1141196
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
STEEL FRAME
Total area
68,756 SF
Lot
5.09 ac (221,720 SF)
APN
86062-18-001
UPID
US13-1141196
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
-
US Animal Plant Health Inspctn Veterinary Clinic
-
US Agricultural Research Services Government
-
National Park Service Government Office
-
US Water Resources Division Federal Courthouse
-
United States Government Government
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.84M
Comparable Approach
Comparable
$17.03M
Blend (final)
Blend
$14.50M
Owner & transaction history
Francis L Carrington SR. · 9 yrs held
Francis L Carrington SR.
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$23.0M
+24.5%
Apartment house (5+ units)
$22.7M
+22.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,150,000
6.5%
$15,835,000
7%
$14,700,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,470,000
Current use
MEDICAL BUILDING
$22,995,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$22,700,000
Change: +23% · Conversion: Easy
RETAIL STORES
$18,390,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,770,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$14.50M
Range $13.05M – $15.95M · ±10%
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
$211 / 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
$381,305
Tax year 2023
Assessed value
$4,185,000
Assessed 2023
Previous assessed
$3,190,232
+31.2% YoY
Effective rate
9.11%
On assessed value
Assessed land
$866,016
Assessed improvement
$3,318,984
Land market value
$3,104,000
Improvement market value
$11,896,000
Total market value
$15,000,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Total area
68,756 SF
Lot
5.09 ac (221,720 SF)
APN
86062-18-001
UPID
US13-1141196
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
OFFICE BUILDING Current
Est. value
$18.5M
MEDICAL BUILDING
Est. value
$23.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.7M
RETAIL STORES
Est. value
$18.4M
AUTO REPAIR, GARAGE
Est. value
$16.8M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
5.09 ac
Current owner
From public records · entity-resolved
Francis L Carrington SR.
Individual
Mailing address
PO BOX 1328, EUREKA, CA 95502-1328
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2016
—
Francis L Carrington SR.
Francis Carrington
Intrafamily Transfer
related
$8,190,000 · Wells Fargo Bank NA
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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