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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Office buildings
1401 Riverside Ave Fort Collins, CO 80524-4376
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2684570
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
STEEL FRAME
Total area
3,040 SF
Lot
0.33 ac (14,375 SF)
APN
87183-18-008
UPID
US13-2684570
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
-
Doberstein Lemburg Commercial Real Estate Agency
-
LifeWorks Chiropractic Clinic Alternative Medicine Practice
-
Miracle Sports Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$489k
Blend (final)
Blend
$640k
Owner & transaction history
1401 Riverside Avenue LLC · 1 yrs held
1401 Riverside Avenue LLC
since 2024
Last sale
$638,400
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+7.8%
Retail stores
$1.0M
+5.1%
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
$640,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$960,000
Current use
MEDICAL BUILDING
$1,035,000
Change: +8% · Conversion: Easy
RETAIL STORES
$1,010,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $638k (Oct 10 2024)
Last sale anchor
$638k
Oct 10 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
$211 / 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
$15,792
Tax year 2023
Assessed value
$181,350
Assessed 2023
Previous assessed
$181,350
+0.0% YoY
Effective rate
8.71%
On assessed value
Assessed land
$16,015
Assessed improvement
$165,335
Land market value
$57,400
Improvement market value
$592,600
Total market value
$650,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
3,040 SF
Lot
0.33 ac (14,375 SF)
APN
87183-18-008
UPID
US13-2684570
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
OFFICE BUILDING Current
Est. value
$960,000
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1977
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
1401 Riverside Avenue LLC
Entity
Mailing address
2909 PO BOX 270662ND DR, FORT COLLINS, CO 80527-0662
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
—
1401 Riverside Avenue LLC
1401 Riverside Avenue LLC
Bargain & Sale Deed
—
Oct 10, 2024
—
1401 Riverside Avenue LLC
Bonny Jean Thomas Living Trust
Quit Claim Deed
related
—
Feb 22, 2024
—
Bonny Jean Thomas Living Trust
Bonny J Thomas
Intrafamily Transfer
related
—
Sep 13, 2023
$638,400
C And J Thole LLC
1401 Riverside Avenue LLC
Special Warranty Deed
$637,500 · Firstbank
Sep 13, 2023
—
1401 Riverside Avenue LLC
1401 Riverside Avenue LLC
Intrafamily Transfer
related
—
Jan 27, 2022
—
1401 Riverside Avenue LLC
1401 Riverside Avenue LLC
Intrafamily Transfer
related
—
Jan 26, 2022
$231,040
Parke & Associates LLC
1401 Riverside Avenue LLC
Warranty Deed
—
Oct 26, 2021
$437,719
Scott L Vermilyea
1400 East Mulberry Street LLC
Special Warranty Deed
—
Jun 2, 2020
—
Hunter Swanson 201 LLC
—
Deed
related
$528,218 · Wells Fargo Bk
Dec 6, 2019
$110,000
Bonny J Thomas
1401 Riverside Avenue LLC
Warranty Deed
—
Jul 17, 2019
$121,600
1401 Riverside Avenue LLC
The Coop LLC
Warranty Deed
$327,100 · Great Western Bank
Jan 5, 2017
$115,000
1401 Riverside Avenue LLC
1401 Nicolopulos LLC
Warranty Deed
—
Jan 7, 2013
$90,000
1401 Nicolopulos LLC
1401 Riverside Avenue LLC
Warranty Deed
—
Sep 5, 2012
—
Richard M Spadaro
1401 Riverside Avenue LLC
Grant Deed
—
Aug 29, 2012
—
1401 Riverside Avenue LLC
Spadaro,richard M & Patricia A
Grant Deed
—
Oct 31, 2007
$105,000
Richard M Spadaro
Grandpachuck LLC
Warranty Deed
—
Oct 31, 2007
$210,000
1401 Riverside Avenue LLC
Wells D Christopher Trust
Warranty Deed
$247,500 · Western State Bank
Aug 1, 2005
—
Grandpachuck LLC
1401 Riverside Avenue LLC
Warranty Deed
—
Feb 14, 2005
—
1401 Riverside Avenue LLC
Bernth,daniel R
Quit Claim Deed
related
—
—
—
Daniel R Bernth
—
Deed Of Trust
related
$248,000 · Richard M & Patricia A Spadaro
—
—
1401 Riverside Avenue LLC
—
Deed Of Trust
related
$248,000 · Great Western Bank
—
—
Hunter Swanson 201 LLC
—
Loan Modification
related
$528,218 · Wells Fargo 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.
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