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Property profile & analytics
OFF-MARKET
Warehouses
1318 Blue Spruce Dr A2 Fort Collins, CO 80524-5431
Individually Owned
17-yr Hold
Free & Clear
Property ID
US13-0045965
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
1,915 SF
Lot
0.12 ac (5,227 SF)
APN
97012-72-002
UPID
US13-0045965
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
-
Alpha Engineering Design Engineer
-
A & M Electric Electrical Service General Contractor
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
Robert V Cooley · 17 yrs held
Robert V Cooley
since 2009
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
$8,347
Tax year 2023
Assessed value
$99,798
Assessed 2023
Previous assessed
$58,290
+71.2% YoY
Effective rate
8.36%
On assessed value
Assessed land
$9,207
Assessed improvement
$90,591
Land market value
$33,000
Improvement market value
$324,700
Total market value
$357,700
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Units
1
Total area
1,915 SF
Lot
0.12 ac (5,227 SF)
APN
97012-72-002
UPID
US13-0045965
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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Robert V Cooley
Individual
Free & Clear · 17 yrs held
Mailing address
1318 BLUE SPRUCE DR STE #4, FORT COLLINS, CO 80524-5414
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2017
—
Phenix International Props LLC
—
Deed
related
$700,000 · Farmers Bk
Jan 5, 2009
—
Robert V Cooley
Cooley Robert V & F I Trust
Quit Claim Deed
related
—
Jan 5, 2009
$150,000
Phenix International Props LLC
Cooley,robert V & Florence I
Warranty Deed
$141,977 · Farmers Bank
Apr 13, 2005
—
Robert V Cooley
Cooley,robert V & Florence I
Quit Claim Deed
related
—
Mar 10, 2005
$179,000
Robert V Cooley
Jensen Investment Group LLC
Warranty Deed
—
—
—
Phenix International Props LLC
—
Deed Of Trust
related
$365,000 · Farmers Bk
—
—
Phenix International Props LLC
—
Deed Of Trust
related
$700,000 · Farmers Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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