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Property profile & analytics
FOR SALE
Theaters & concert halls
167 North College Ave Fort Collins, CO 80524
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2614461
For Sale
1 / 2
$2,250,000
167 North College Ave, Fort Collins, CO 80524
View Listing →
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1885
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,546 SF
Lot
0.21 ac (8,930 SF)
APN
97114-05-017
UPID
US13-2614461
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
-
The Comedy Fort Nightclub Theater & Performing Art Venue
-
Hi Again Jennifer General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.17M
Owner & transaction history
167 LLC · 4 yrs held
167 LLC
since 2021
Last sale
$2.2M
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
$2,155,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±10% · vs last sale $2.18M (Dec 9 2021)
Last sale anchor
$2.18M
Dec 9 2021
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
$391 / 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
$38,726
Tax year 2023
Assessed value
$394,649
Assessed 2023
Previous assessed
$173,676
+127.2% YoY
Effective rate
9.81%
On assessed value
Assessed land
$211,284
Assessed improvement
$183,365
Land market value
$893,000
Improvement market value
$775,000
Total market value
$1,668,000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
For Sale
Year built
1885
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
2
Stories
2
Rooms
12
Total area
5,546 SF
Lot
0.21 ac (8,930 SF)
APN
97114-05-017
UPID
US13-2614461
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
1885
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Buildings
2
Rooms
12
Lot
0.21 ac
Current owner
From public records · entity-resolved
167 LLC
Entity
Mailing address
2775 IRIS AVE, BOULDER, CO 80304-2433
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
$2,175,000
167 LLC
Forever Grateful LLC
Special Warranty Deed
$1,700,000 · Verus Bank Of Commerce
Sep 26, 2013
$1,375,000
Forever Grateful LLC
Warray II LLC
Grant Deed
—
Apr 28, 2008
$895,555
Warray II LLC
Briggs,john W
Warranty Deed
$671,667 · United Western Bank
Nov 27, 2007
$13,354
John W Briggs JR.
Treasurer Of Larimer County
Certificate Of Purchase
—
Feb 21, 2007
—
John W Briggs
—
Trustees Deed
related
$25,500 · Joseph Stern
—
—
Warray II LLC
—
Deed Of Trust
related
$557,033 · Home State Bank
—
—
Joan W Briggs
—
Deed Of Trust
related
$14,500 · Joseph Stern
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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