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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1601 College Ave Fort Collins, CO 80525-1006

    • Grocery and convenience stores
    • 1,652 SF
    • 0.45 lot acres
    OFF-MARKET
    Last Sale
    Aug 04, 2021
    $1,200,000
    Value Estimations
    $1,225,000
    Show details
    Cap Rate Potential
    2.3%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US13-1215788
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Loaf N Jug / Gas Station
    • LibertyX Bitcoin ATM / Atm
    • ATM / Atm / Grocery Store
    • Paul Gorbas' Trailer / Mobile Home Park
    • Husky Services / Hvac Contractor / Heating Contractor

    Property Details for 1601 College Ave

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.45 lot acres
    Property size
    1,652 SF
    Property type
    Grocery and convenience stores
    APN
    97231-07-001
    APU
    9723107001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,245,000
      ML approach
      $1,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,510,000
      Market price range: $638k - $1.61M
      AI Estimate
      $779,000
      Market price range: $223k - $1.01M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.077
    Latitude
    40.5668
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,715
    $109,898
    $202,052
    $311,950
    -
    $393,900
    $724,200
    $1,118,100

    Comparable in this City

    • Value Estimation by Request
      54,945 SF

      125 College Ave

      Restaurants • 54,945 SF
      125 College Ave, Fort Collins, CO 80525
      View Details
    • Value Estimation
      $700,000
      2,336 SF

      2024 Bighorn Rd

      CONVENIENCE STORE • 2,336 SF
      2024 Bighorn Rd, Fort Collins, CO 80525-3481
      View Details
    • Value Estimation
      $610,000
      2,585 SF

      4543 Boardwalk Dr

      CONVENIENCE STORE • 2,585 SF
      4543 Boardwalk Dr, Fort Collins, CO 80525-3227
      View Details
    • Value Estimation
      $3,155,000
      3,987 SF

      4524 College Ave

      CONVENIENCE STORE • 3,987 SF
      4524 College Ave, Fort Collins, CO 80525-3026
      View Details
    • Value Estimation by Request
      1,885 SF

      4701 Lemay Ave

      CONVENIENCE STORE • 1,885 SF
      4701 Lemay Ave, Fort Collins, CO 80525-9434
      View Details
    • Value Estimation
      $535,000
      1,824 SF

      4502 Timberline Rd

      CONVENIENCE STORE • 1,824 SF
      4502 Timberline Rd, Fort Collins, CO 80525-3401
      View Details

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      Fort Collins Flex Space For Sale

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    Similar Nearby for Lease

    • $25 SF/Yr
      2,462 SF

      Retail Space with Patio

      Former retail endcap with patio and grease trap available for lease.
      3645-3663 S College Ave, Fort Collins, CO 80525
      View Details
    • Contact for pricing
      28,000 SF

      Vibrant Mixed-Use Village Retail Space

      Retail space in a mixed-use village in Fort Collins.
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      View Details
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      8,476 SF

      New Retail & Restaurant Space

      New retail and restaurant spaces for lease in Fort Collins.
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    • Contact for pricing
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      Retail Space in Harmony Marketplace

      Retail space available in Fort Collins' dominant community center.
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    • $16 SF/Yr
      2,880 SF

      Retail Space in Arbor Plaza

      High-traffic retail or office space in Fort Collins.
      4637 S Mason St, Fort Collins, CO 80525
      View Details
    • Contact for pricing
      21,277 SF

      Pavilion Shopping Center Retail Space

      High-traffic retail space, multiple units available.
      4372 College Ave, Fort Collins, CO 80525
      View Details
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    1601 College Ave
    Fort Collins, CO 80525-1006
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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