Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1624 College Ave Fort Collins, CO 80524-1219

    • Drive through restaurants
    • 1,742 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2022
    $700,000
    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0588127
    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

    • Frosty Air Masters / Air Conditioning System Supplier / Hvac Contractor
    • Subway / Takeout Restaurant / Restaurant

    Property Details for 1624 College Ave

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    1,742 SF
    Property type
    Drive through restaurants
    APN
    97012-61-007
    APU
    9701261007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $645,000
      ML approach
      $665,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.075
    Latitude
    40.609
    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
    $17,066
    $21,092
    $174,208
    $195,300
    -
    $75,600
    $624,400
    $700,000

    Comparable in this City

    • Value Estimation
      $965,000
      6,492 SF

      1675 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,492 SF
      1675 College Ave, Fort Collins, CO 80524-1220
      View Details
    • Value Estimation by Request
      1,500 SF

      732 Lemay Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,500 SF
      732 Lemay Ave, Fort Collins, CO 80524-3243
      View Details
    • Value Estimation by Request
      1,245 SF

      726 Lemay Ave, Unit A

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,245 SF
      726 Lemay Ave, Fort Collins, CO 80524-3203
      View Details
    • Value Estimation
      $595,000
      3,289 SF

      719 Lemay Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,289 SF
      719 Lemay Ave, Fort Collins, CO 80524-3251
      View Details
    • Value Estimation
      $650,000
      3,583 SF

      1227 Magnolia St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,583 SF
      1227 Magnolia St, Fort Collins, CO 80524-2754
      View Details
    • Value Estimation
      $600,000
      4,754 SF

      234 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,754 SF
      234 College Ave, Fort Collins, CO 80524-3494
      View Details

    Similar Nearby for Sale

    • $349,999
      2,500 SF

      Fort Collins Retail Opportunity

      Retail property near King Soopers with drive-thru potential.
      1603-1605 N College Ave, Fort Collins, CO 80524
      View Details
    • $1,450,000

      Fort Collins Drive-Thru Opportunity

      Freestanding 3,933 SF building with drive-thru on 0.91 acres.
      1298 N College Ave, Fort Collins, CO 80524
      View Details
    • $1,660,000
      3,525 SF

      Downtown Fort Collins Bar/Restaurant

      Turn-key bar & restaurant, prime location.
      122 Laurel St, Fort Collins, CO 80524
      View Details
    • $1,495,000

      Turn-Key Restaurant Near CSU Campus

      Renovated restaurant space near Colorado State University campus.
      Laurel St, Fort Collins, CO 80524
      View Details
    • $886,500
      1,500 SF

      Prime Old Town Fort Collins Retail

      Four Units, Redevelopment Opportunity, High Traffic Area
      343 College Ave, Fort Collins, CO 80524
      View Details
    • $1,144,000
      3,300 SF

      Downtown Fort Collins Restaurant Space

      Restaurant space with premium exposure in Downtown Fort Collins.
      160 West Oak St, Fort Collins, CO 80524
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      4,227 SF

      Downtown Fort Collins Gem

      Restaurant & Office Space Available
      223 Linden St, Fort Collins, CO 80524
      View Details
    • $17 SF/Yr
      3,721 SF

      Former Restaurant Space Near CSU

      Restaurant space with dining area, bar, and pick-up window.
      1124-1128 W Elizabeth St, Fort Collins, CO 80524
      View Details
    • $28 SF/Yr
      2,690 SF

      Fort Collins Restaurant Space For Lease

      Turn-key bar/restaurant, prime location
      122 Laurel St, Fort Collins, CO 80524
      View Details
    • $35 SF/Yr

      Turnkey Restaurant Space Near CSU

      Move-in ready restaurant space with equipment and high visibility.
      460 S College Ave, Fort Collins, CO 80524
      View Details
    • $14 SF/Yr

      High-Visibility Retail Space Near CSU

      Turn-key retail space near Colorado State University for lease.
      130 W Laurel St, Fort Collins, CO 80524
      View Details
    • $26 SF/Yr
      3,046 SF

      Fort Collins Retail Space - The Exchange #105

      Prime Old Town Fort Collins restaurant/retail space.
      244 College Ave, Fort Collins, CO 80524
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1624 College Ave
    Fort Collins, CO 80524-1219
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.