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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Residential income homes
140 College Ave Fort Collins, CO 80524-2879
Individually Owned
8-yr Hold
Property ID
US13-0363922
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,773 SF
Lot
0.08 ac (3,485 SF)
APN
97123-18-017
UPID
US13-0363922
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
-
Yampa Sandwich Company Take-out & Catering
-
Wear It Again, Sam (Bike/Boat/Book/etc) Store
-
Julian's Tea Shoppe and Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$1.24M
Owner & transaction history
Walter J Frick JR. · 8 yrs held
Walter J Frick JR.
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+3.2%
Retail stores
$1.9M
+0.6%
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%
$1,285,000
6.5%
$1,190,000
7%
$1,105,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,905,000
Current use
MEDICAL BUILDING
$1,970,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$1,920,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$1,825,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$214 / 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
$21,126
Tax year 2023
Assessed value
$220,774
Assessed 2023
Previous assessed
$220,774
+0.0% YoY
Effective rate
9.57%
On assessed value
Assessed land
$50,905
Assessed improvement
$169,869
Land market value
$350,000
Improvement market value
$1,169,700
Total market value
$1,519,700
Applied tax rate
1,110.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
2
Stories
3
Units
4
Bathrooms
1
Total area
5,773 SF
Lot
0.08 ac (3,485 SF)
APN
97123-18-017
UPID
US13-0363922
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
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
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Buildings
2
Units
4
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Walter J Frick JR.
Individual
Mailing address
526 S COLLEGE AVE, FORT COLLINS, CO 80524-3002
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2018
—
Walter J Frick JR.
Frick Walter J Trust
Quit Claim Deed
related
—
—
—
Frick Walter J Trust
—
Deed Of Trust
related
$5,000 · Fort Collins City (co)
—
—
Frick Walter J Trust
—
Deed Of Trust
related
$70,000 · Fort Collins Local Dev Co
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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