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Property profile & analytics
OFF-MARKET
Motels
1220 College Ave Fort Collins, CO 80524-1232
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US13-0106245
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,740 SF
Lot
1.76 ac (76,448 SF)
APN
97012-00-002
UPID
US13-0106245
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
-
Colorado Women's Center - Fort Collins Crisis Center Medical Clinic
-
El Palomino Motel Hotel & Motel
-
Harper Law Firm PC Law Firm
-
PathwayU Training Center
-
Drileach Company General Contractor Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Globok LLC · 11 yrs held
Globok LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$26,716
Tax year 2023
Assessed value
$304,687
Assessed 2023
Previous assessed
$111,119
+174.2% YoY
Effective rate
8.77%
On assessed value
Assessed land
$58,227
Assessed improvement
$246,460
Land market value
$382,100
Improvement market value
$1,670,200
Total market value
$2,052,300
Applied tax rate
1,112.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
6
Stories
1
Units
5
Total area
4,740 SF
Lot
1.76 ac (76,448 SF)
APN
97012-00-002
UPID
US13-0106245
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
Building & site characteristics
From public records
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
6
Units
5
Lot
1.76 ac
Current owner
From public records · entity-resolved
Globok LLC
Entity
Mailing address
928 N LINCOLN AVE, LOVELAND, CO 80537-4843
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
—
1220 LLC
—
Deed
related
$715,000 · Verus Bank Of Commerce
Jun 22, 2017
—
Globok LLC
—
Deed
related
$3,087,000 · Hanmi Bank
Nov 5, 2014
$1,310,000
Globok LLC
Yoonlee INC
Warranty Deed
$1,055,000 · Hanmi Bank
Nov 8, 2004
—
Jensen Investment Group LLC
—
Trustees Deed
related
$132,000 · Neal LLC
May 21, 2004
$1,100,000
Yoonlee INC
Lee,jong D & Sook L
Grant Deed
related
$700,000 · Premier Bank
Sep 14, 2000
$1,100,000
Jong D Lee
Lee,steven & Yoon J
Grant Deed
related
$650,000 · Premier Bank
Sep 30, 1998
$874,000
Steven Lee
Chambers,john H
Grant Deed
$550,000 · Premier Bank
—
—
Yoon Lee INC
—
Deed Of Trust
related
$120,000 · Kyung S Lee
—
—
Yoon Lee
—
Deed Of Trust
related
$120,000 · Kyung S Lee
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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