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Property profile & analytics
FOR SALE
Office buildings
1629 Blue Spruce Dr Fort Collins, CO 80524
Individually Owned
19-yr Hold
Property ID
US13-2701907
For Sale
1 / 4
$5,000,000
1629 Blue Spruce Dr, Fort Collins, CO 80524
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
CONCRETE
Total area
32,652 SF
Lot
1.93 ac (83,984 SF)
APN
97012-12-903
UPID
US13-2701907
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
-
English Language Institute/China (ELIC) Language School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.52M
Comparable Approach
Comparable
$9.29M
Blend (final)
Blend
$7.17M
Owner & transaction history
English Language Inst Of China · 19 yrs held
English Language Inst Of China
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.1M
+7.8%
Retail stores
$10.9M
+5.1%
Apartment house (5+ units)
$10.8M
+4.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,145,000
6.5%
$7,520,000
7%
$6,980,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,325,000
Current use
MEDICAL BUILDING
$11,130,000
Change: +8% · Conversion: Easy
RETAIL STORES
$10,850,000
Change: +5% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$10,780,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$7.17M
Range $6.45M – $7.89M · ±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
$220 / 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
$158,893
Tax year 2023
Assessed value
$1,740,430
Assessed 2023
Previous assessed
$1,500,692
+16.0% YoY
Effective rate
9.13%
On assessed value
Assessed land
$234,360
Assessed improvement
$1,506,070
Land market value
$840,000
Improvement market value
$5,398,100
Total market value
$6,238,100
Applied tax rate
1,112.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1978
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
32,652 SF
Lot
1.93 ac (83,984 SF)
APN
97012-12-903
UPID
US13-2701907
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$11.1M
RETAIL STORES
Est. value
$10.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.8M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
1.93 ac
Current owner
From public records · entity-resolved
English Language Inst Of China
Individual
Mailing address
1629 BLUE SPRUCE DR, FORT COLLINS, CO 80524-2013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2020
—
English Language Institute Of Chi
—
Deed
related
—
Apr 4, 2019
—
English Language Institute Of Chi
—
Deed
related
—
Oct 18, 2017
—
English Language Inst Of China
—
Deed
related
$1,500,000 · Great Wstrn Bk
Aug 15, 2017
—
English Language Inst Of China
—
Deed
related
$1,000,000 · Great Wstrn Bk
Apr 3, 2017
—
English Language Inst Of China
—
Deed
related
$800,000 · Great Wstrn Bk
Sep 2, 2016
—
English Language Inst Of China
—
Deed
related
$800,000 · Great Wstrn Bk
May 9, 2008
—
English Language Inst Of China
—
Trustees Deed
related
$3,050,000 · First National Bank
Jul 2, 2007
$1,450,000
English Language Inst Of China
Gold Reef Investments
Grant Deed
$1,500,000 · Li Family Trust (tr)
—
—
English Language Inst Of China
—
Deed Of Trust
related
—
—
—
English Language Inst Of China
—
Deed Of Trust
related
$500,000 · Li Family Trust (tr)
—
—
English Language Inst Of China
—
Deed Of Trust
related
$750,000 · First National Bank
—
—
English Language Inst Of China
—
Loan Modification
related
$1,500,000 · Great Wstrn Bk
—
—
English Language Inst Of China
—
Loan Modification
related
$1,000,000 · Great Wstrn Bk
—
—
English Language Inst Of China
—
Loan Modification
related
$800,000 · Great Wstrn Bk
—
—
English Language Inst Of China
—
Loan Modification
related
$800,000 · Great Wstrn Bk
—
—
English Language Inst Of China
—
Loan Modification
related
—
—
—
English Language Inst Of China
—
Loan Modification
related
$650,000 · Great Wstrn Bk
—
—
English Language Inst Of China
—
Loan Modification
related
—
—
—
English Language Inst Of China
—
Deed Of Trust
related
$400,000 · Great Western Bank
—
—
English Language Institute Of Chi
—
Loan Modification
related
—
—
—
English Language Inst Of China
—
Loan Modification
related
—
—
—
English Language Inst Of China
—
Deed Of Trust
related
$400,000 · Great Western Bank
—
—
English Language Inst Of China
—
Deed Of Trust
related
—
—
—
English Language Institute Of Chi
—
Loan Modification
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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