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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Medical Office Space
1220 Oak Park Dr Fort Collins, CO 80525-7348
Trust Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0132244
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,717 SF
Lot
0.57 ac (24,829 SF)
APN
86062-38-006
UPID
US13-0132244
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
-
Dr. Thomas F. Overton, DDS Dental Office
-
Endodontic Specialists of Northern Colorado Dental Office
-
Dental Hygiene Services LLC- Susan Vogel RDH BS MEd Dental Office
-
Dental Hygiene Services Dental Office
-
Real Property Management of the Rockies Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.76M
Owner & transaction history
Dlobermann Irrevocable Trust · 2 yrs held
Dlobermann Irrevocable Trust
since 2024
Last sale
$1.8M
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
Method
Estimation
Statistic approach
$1,760,000
ML approach
$1,760,000
CAP Approach
CAP Return
Estimation
6%
$1,790,000
6.5%
$1,650,000
7%
$1,535,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,550,000
Change: -1% · Conversion: Moderate
OFFICE BUILDING
$2,075,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10% · vs last sale $1.76M (Jan 3 2024)
Last sale anchor
$1.76M
Jan 3 2024
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
$228 / 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
$55,273
Tax year 2023
Assessed value
$613,800
Assessed 2023
Previous assessed
$515,794
+19.0% YoY
Effective rate
9.01%
On assessed value
Assessed land
$97,371
Assessed improvement
$516,429
Land market value
$349,000
Improvement market value
$1,851,000
Total market value
$2,200,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
7,717 SF
Lot
0.57 ac (24,829 SF)
APN
86062-38-006
UPID
US13-0132244
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
MEDICAL BUILDING Current
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Dlobermann Irrevocable Trust
Trust
Mailing address
1220 OAK PARK DR, FORT COLLINS, CO 80525-7348
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jan 3, 2024
—
Dlobermann Irrevocable Trust
Obermann Family Limited Partnership
Quit Claim Deed
related
$268,000 · Dlobermann Irrevocable Trust
Jan 3, 2024
$1,760,000
Samuel A Case
The Dlobermann Irrevocable Trust
Special Warranty Deed
$1,408,000 · Jonah Bank Of Wyoming
Feb 24, 2021
—
William Kent Obermann
—
Deed
related
$1,450,000 · Adams Bank & Trust
Jan 4, 2018
—
Dlobermann Trust
Obermann Family LP Lllp
Quit Claim Deed
related
—
Mar 28, 2017
—
Obermann Family Limited Partnership
—
Deed
related
$250,000 · Guaranty Bank & Trust Co
—
—
Obermann Family LP Lllp
—
Deed Of Trust
related
$1,120,000 · Home State Bank
—
—
Obermann Family LP Lllp
—
Deed Of Trust
related
$1,425,000 · Home State Bank
—
—
Obermann Family LP Lllp
—
Deed Of Trust
related
$250,000 · Guaranty Bk
—
—
Obermann Family LP Lllp
—
Deed Of Trust
related
$1,300,000 · Home State Bank
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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