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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Distribution centers
1306 Blue Spruce Dr Fort Collins, CO 80524-2067
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-0799391
Property summary
AI-generated overview
This single-story, 16,256-square-foot industrial building in North Fort Collins offers a versatile space ideal for manufacturing, flex, warehouse, or distribution operations. Located at 1306 Blue Spruce Drive, Fort Collins, CO 80524, this Class C property sits on 1.75 acres of land and boasts a 14-foot ceiling height. Currently, 3,269 square feet is available for lease, representing a minimum divisible unit. The maximum contiguous space available is also 3,269 square feet. The building features 110V outlets and multiple 50-150A load centers. While there are no loading docks or dock-high doors, ample parking is provided at a rate of 1.36 spaces per 1,000 square feet. The property underwent renovations in 2024 and enjoys convenient access to Route 287/College Avenue and I-25. This property is situated in the North Fort Collins submarket of Larimer County, Colorado. The building has no elevators. This is a multi-tenant property with only one suite.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,256 SF
Lot
0.88 ac (38,333 SF)
APN
97012-15-007
UPID
US13-0799391
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
-
Sunspot Greenhouse Company General Contractor
-
Czero Inc. Engineering Consultant Mechanical Engineer
-
Quixik Machining and Fabrication Industrial Manufacturer
-
Colorado Frames (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$1.82M
Owner & transaction history
Cz Properties LLC · 8 yrs held
Cz Properties LLC
since 2018
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,980,000
Current use
INDUSTRIAL (GENERAL)
$2,645,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±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
$112 / 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
$40,797
Tax year 2023
Assessed value
$455,245
Assessed 2023
Previous assessed
$376,449
+20.9% YoY
Effective rate
8.96%
On assessed value
Assessed land
$66,765
Assessed improvement
$388,480
Land market value
$239,300
Improvement market value
$1,392,400
Total market value
$1,631,700
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
5
Total area
16,256 SF
Lot
0.88 ac (38,333 SF)
APN
97012-15-007
UPID
US13-0799391
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
WAREHOUSE, STORAGE Current
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
5
Lot
0.88 ac
Current owner
From public records · entity-resolved
Cz Properties LLC
Entity
Mailing address
1306 BLUE SPRUCE DR, FORT COLLINS, CO 80524-2067
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2018
—
Cz Properties LLC
—
Deed
related
$656,000 · Economic & Cmnty Dev Inst
Apr 16, 2018
$1,450,000
Cz Properties LLC
Lukes,mark J
Grant Deed
$820,000 · Wells Fargo Bk/tx
Apr 16, 2018
—
Cz Properoperties LLC
—
Deed
related
$650,000 · Wells Fargo Bank NA
—
—
Cz Properties LLC
—
Deed Of Trust
related
$820,000 · Wells Fargo Bk
—
—
Cz Properties LLC
—
Deed Of Trust
related
$656,000 · Economic & Cmnty Dev Inst
—
—
Mark J Lukes
—
Deed Of Trust
related
$210,000 · Larimer Bank Of Commerce
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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