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    Property profile & analytics
    OFF-MARKET
    Strip malls

    1501 Elizabeth St Fort Collins, CO 80521-5006

    15,612 SF 1.46 ac lot Built 2015
    Individually Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US13-0408975
    Google Maps
    Property summary
    AI-generated overview

    This exceptional mixed-use, multifamily, and retail property at 1501 W Elizabeth St, Fort Collins, CO 80521, presents a compelling investment opportunity. Boasting 63,598 total square feet, including 15,700 square feet of net rentable space, this Class A property is currently 100% occupied by five tenants under NNN leases. Built in 2015, the center sits on a 1.46-acre lot zoned (CC) County Commercial and features built-in rent bumps. The property's strong performance is reflected in its impressive $376,533 NOI and 6.02% cap rate. Located near Colorado State University, this highly visible and accessible center benefits from significant foot traffic and convenient access. The asking price is $6,250,000. This thriving retail hub offers both stability and significant growth potential for the discerning investor. The property's prime location and strong tenant base make it an ideal addition to any portfolio. This owner/user investment opportunity is a rare find in the competitive Fort Collins market.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2015
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 15,612 SF
    Lot 1.46 ac (63,598 SF)
    APN 97154-40-001
    UPID US13-0408975
    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
    • Sherpa Grill 2 Indian & Nepali Restaurant Restaurant
    • TECATE GRILL FAMILY MEXICAN RESTAURANT Restaurant
    • Blackjack Pizza & Salads Restaurant
    • C & C Liquor and Vape (Bike/Boat/Book/etc) Store
    • Munchies Smoke Shop & Supermarket Specialty Food Shop Supermarket
    5 occupants on record
    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
    Kapoor Span · 3 yrs held
    Kapoor Span
    since 2022
    Last sale
    $15,288
    7 recorded transactions
    2024
    Price N/A
    2022
    Price N/A
    2020
    Price N/A
    2019
    Price N/A
    2019
    Price N/A
    2018
    Price N/A
    2017
    Price N/A
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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