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Property profile & analytics
OFF-MARKET
Estimated value
$4,485,000
Medical Office Space
1725 Prospect Rd Fort Collins, CO 80525-1307
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0893024
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,016 SF
Lot
0.66 ac (28,750 SF)
APN
87191-42-001
UPID
US13-0893024
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
-
Dr. Maryn Sturm Physician
-
Michelle Chaney, OD Physician
-
Kush Patel, OD Physician
-
Jennifer Cecil Ophthalmologist
-
Dr. Daniel Ozzello Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.29M
Comparable Approach
Comparable
$5.77M
Blend (final)
Blend
$4.49M
Owner & transaction history
1725 East Prospect Building · 18 yrs held
1725 East Prospect Building
since 2008
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,640,000
6.5%
$4,285,000
7%
$3,980,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,695,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,610,000
Change: -1% · Conversion: Moderate
OFFICE BUILDING
$5,375,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$4.49M
Range $4.04M – $4.93M · ±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
$224 / 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
$126,592
Tax year 2023
Assessed value
$1,395,000
Assessed 2023
Previous assessed
$1,392,000
+0.2% YoY
Effective rate
9.07%
On assessed value
Assessed land
$72,456
Assessed improvement
$1,322,544
Land market value
$259,700
Improvement market value
$4,740,300
Total market value
$5,000,000
Applied tax rate
1,100.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
20,016 SF
Lot
0.66 ac (28,750 SF)
APN
87191-42-001
UPID
US13-0893024
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
MEDICAL BUILDING Current
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
OFFICE BUILDING
Est. value
$5.4M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
1725 East Prospect Building
Individual
Mailing address
3601 PLATTE DR, FORT COLLINS, CO 80526-6408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2020
—
1725 E Prospect Bldg Ptshp Rllp
—
Deed
related
$22,719,499 · First Nat'l Bk/omaha
Apr 4, 2019
—
1725 East Prospect Bldg Parthnershi
—
Deed
related
$1,730,638 · First National Bank Of Omaha
Feb 19, 2008
—
1725 East Prospect Building
—
Trustees Deed
related
$1,700,000 · Home State Bank
Feb 14, 2008
—
1725 East Prospect Building
1725 East Prospect Building
Quit Claim Deed
related
—
Jan 7, 2008
—
1725 East Prospect Building
—
Trustees Deed
related
$1,700,000 · Home State Bank
—
—
1725 E Prospect Bldg Ptshp Rll
—
Deed Of Trust
related
$1,730,638 · First Nat'l Bk/omaha
—
—
1017 Robertson Building Ptshp
—
Deed Of Trust
related
$2,560,000 · First National Bank
—
—
East Prospect Building Pt 1725
—
Deed Of Trust
related
$1,903,035 · First National Bank Omaha
—
—
1725 East Prospect Building Pt
—
Deed Of Trust
related
$4,000,000 · First Nat'l Bk/omaha
—
—
East Prospect Building Pt 1725
—
Deed Of Trust
related
$1,010,380 · First National Bank Omaha
—
—
1725 E Prospect Bldg Ptshp Rllp
—
Loan Modification
related
$22,719,499 · First Nat'l Bk/omaha
—
—
1725 East Prospect Building
—
Deed Of Trust
related
$2,135,666 · Home State Bank
—
—
1725 East Prospect Building
—
Deed Of Trust
related
$300,000 · Home 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.
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