Property profile

1501 W Elizabeth St Fort Collins, CO 80521

FOR SALE
Strip malls
Property ID
US13-0408975
15,612 SF 1.46 ac lot Built 2015
Individually Owned 3-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Specialty Food Shop Supermarket

Location

1501 W Elizabeth St Fort Collins, CO 80521
Fort Collins metro Census 504 FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$485k

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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