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Property profile & analytics
FOR LEASE
Bars & Pubs
151 S College Ave Fort Collins, CO 80524
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0158324
For Lease
1 / 2
$14 SF/Yr
151 S College Ave, Fort Collins, CO 80524
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,184 SF
Lot
0.44 ac (18,992 SF)
APN
97114-14-001
UPID
US13-0158324
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
-
Mountain Standard Company (Bike/Boat/Book/etc) Store
-
Thrive Counseling LLC Family Counselor Marriage Or Relationship Counselor
-
The Canteen Restaurant
-
The Sol Collaborative Physician
-
Eat Street by JoJo's Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$870k
Owner & transaction history
Alsbury 151 LLC · 14 yrs held
Alsbury 151 LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$71 / 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
$67,155
Tax year 2023
Assessed value
$671,833
Assessed 2023
Previous assessed
$580,000
+15.8% YoY
Effective rate
10.00%
On assessed value
Assessed land
$397,575
Assessed improvement
$274,258
Land market value
$1,425,000
Improvement market value
$983,000
Total market value
$2,408,000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Lease
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
7
Total area
12,184 SF
Lot
0.44 ac (18,992 SF)
APN
97114-14-001
UPID
US13-0158324
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
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
7
Lot
0.44 ac
Current owner
From public records · entity-resolved
Alsbury 151 LLC
Entity
Mailing address
4710 TRL END, FORT COLLINS, CO 80526-6506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
—
151 LLC
—
Deed
related
$1,050,000 · First Western Trust Bank
Jul 8, 2020
—
151 LLC
—
Deed
related
$1,001,000 · D L & Don Skaggs
May 16, 2012
—
Alsbury 151 LLC
Alsbury,carroll D & Jackie
Quit Claim Deed
related
—
Jun 28, 2007
$3,150,000
Alsbury INC
Nojoumi Trust
Grant Deed
—
Nov 28, 2006
$40,199
Donald G Reid
Treasurer Of Larimer County
Trustees Deed
—
Jan 31, 2005
—
Nojoumi Trust
—
Trustees Deed
related
$249,000 · Community First National Bank
—
—
Nojoumi,trust
—
Deed Of Trust
related
$1,400,000 · First Community Bank
—
—
Nojoumi Faro Trust
—
Deed Of Trust
related
$150,000 · Azam N Tehrani
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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