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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Auto shops
1617 Mulberry St Fort Collins, CO 80524-3521
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-2765976
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1964
Construction
STEEL FRAME
Total area
7,535 SF
Lot
7.52 ac (327,571 SF)
APN
87181-00-046
UPID
US13-2765976
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
-
Crash Champions Collision Repair Mulberry Street Auto Repair Shop
-
Dedicated Towing and Recovery Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
Ace Real Estate Investors LLC · 12 yrs held
Ace Real Estate Investors LLC
since 2014
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / 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
$71,800
Tax year 2023
Assessed value
$784,214
Assessed 2023
Previous assessed
$478,500
+63.9% YoY
Effective rate
9.16%
On assessed value
Assessed land
$319,846
Assessed improvement
$464,368
Land market value
$1,146,400
Improvement market value
$1,664,400
Total market value
$2,810,800
Applied tax rate
10,027.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1964
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
7,535 SF
Lot
7.52 ac (327,571 SF)
APN
87181-00-046
UPID
US13-2765976
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
1964
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
7.52 ac
Current owner
From public records · entity-resolved
Ace Real Estate Investors LLC
Entity
Mailing address
900 E LINCOLN AVEH, FORT COLLINS, CO 80524-2517
Ownership since
2014
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
Apr 11, 2014
$1,375,000
Ace Real Estate Investors LLC
Mowery Dev LLC
Warranty Deed
$975,000 · Jp Morgan Chase Bank NA
Jun 18, 2010
—
Mowery Dev LLC
Mowery,brian & Janet R
Quit Claim Deed
related
—
Feb 14, 2008
—
Mowery Dev LLC
—
Trustees Deed
related
$1,260,986 · First Western Trust Bank
Jan 22, 2007
—
Brian Mowery
—
Trustees Deed
related
$645,842 · First Western Trust Bank
Jan 9, 2007
$918,500
Brian Mowery
Hudek Family Living Trust
Grant Deed
—
Jun 17, 2005
—
Hudek John G Tr
Hudek,julia P
Affidavit Of Death
related
—
—
—
Mowery Dev LLC
—
Deed Of Trust
related
—
—
—
Brian Mowery
—
Deed Of Trust
related
$1,045,000 · Western State Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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