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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Retail space
132 Troutman Pkwy Fort Collins, CO 80525-5967
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2803234
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,594 SF
Lot
0.6 ac (26,136 SF)
APN
97354-05-008
UPID
US13-2803234
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
-
Army Recruiting Fort Collins Military Recruiting Office
-
US Marine Corps Recruiting Military Recruiting Office
-
US Navy Enlisted Recruiting Military Recruiting Office
-
Air Force Special Warfare Recruiting Military Recruiting Office
-
Dr. Mark Darling Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$1.67M
Owner & transaction history
Downing Square Holding Company LLC · 1 yrs held
Downing Square Holding Company LLC
since 2025
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+25.0%
Apartment house (5+ units)
$2.2M
+23.5%
Office building
$1.8M
+0.4%
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
$1,270,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,765,000
Current use
MEDICAL BUILDING
$2,205,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,175,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,770,000
Change: +0% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,610,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $2.28M (Feb 14 2025)
Last sale anchor
$2.28M
Feb 14 2025
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
$253 / 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
$36,129
Tax year 2023
Assessed value
$401,955
Assessed 2023
Previous assessed
$371,200
+8.3% YoY
Effective rate
8.99%
On assessed value
Assessed land
$73,377
Assessed improvement
$328,578
Land market value
$263,000
Improvement market value
$1,177,700
Total market value
$1,440,700
Applied tax rate
1,106.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,594 SF
Lot
0.6 ac (26,136 SF)
APN
97354-05-008
UPID
US13-2803234
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
RETAIL STORES Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Downing Square Holding Company LLC
Entity
Mailing address
12015 E 46TH AVE STE #100, DENVER, CO 80239-3130
Ownership since
2025
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
May 14, 2025
$2,282,000
Downing Square Holding Company LLC
Lafayette West Troutman Retail LLC
Special Warranty Deed
$1,597,400 · Ww Funding Company LLC
Jan 29, 2024
$1,270,000
Lafayette West Troutman Retail LLC
Jane H Biggar Great Grandchildrens
Special Warranty Deed
—
Jul 15, 2019
—
Biggar Great-grandchild Jan H
—
Trustees Deed
related
$250,000 · Bank Of Co
Mar 21, 2007
$1,287,000
Biggar Jane H Trust
Two Horse Realty Assocs LLC
Warranty Deed
$332,000 · First National Bank
Sep 25, 2002
$1,018,500
George R Menning
Gagliardi,james A & Nohra
Grant Deed
$733,000 · First National Bank Wyoming
Sep 25, 2002
—
Two Horse Realty Assoc LLC
Menning,george R & Carol A
Grant Deed
related
—
—
—
Jane H G Biggar
—
Deed Of Trust
related
$328,635 · Bank Of Colorado
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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