1918 Lemay Ave Fort Collins, CO 80524
Property profile & analytics
1918 Lemay Ave, Fort Collins, CO 80524
- Office buildings
- 3,358 SF
- 0.31 lot acres
Property ID
US13-0639222
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.
Location Intelligence
Current Use by Public Records
- MANTRA / Gym & Fitness Center / Alternative Medicine Practice
- Under Pressure Therapeutics / Alternative Medicine Practice / Spa & Massage Center
- Divine Essence Aesthetics / Spa & Massage Center / Skin Care Clinic
- Askew & Gray / Physician
- Full Cadence Consulting / Consultant
Property Details for 1918 Lemay Ave
- Year built
- 1980
- Construction
- WOOD FRAME
- Lot size
- 0.31 lot acres
- Property type
- Office buildings
- APN
- 87192-20-040
- APU
- 8719220040
Description
This exceptional retail property, located at 1918 S Lemay Ave in Fort Collins, Colorado, presents a compelling investment opportunity. The 4,992 square foot building, constructed in 1980, sits on a 0.62-acre lot and is currently home to seven tenants. The building features 3,358 square feet on the main and upper levels, complemented by a 1,634 square foot basement, offering versatile space for a variety of retail uses. The asking price is $800,000, translating to $160 per square foot. The property is part of a two-building campus, with the option to purchase the adjacent building as well. The campus-like setting includes attractive outdoor patio space. This property is zoned for low-density residential use (RL) in Larimer County, zip code 80524. The property's location in Fort Collins offers excellent access to a thriving community and strong retail market. This is a rare opportunity to acquire a well-occupied retail building with significant potential for growth and return on investment.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $840,000
- 6.5%
- $775,000
- 7%
- $720,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,010,000
- AI Estimate
- $631,000
Market price range: $645k - $1.13MMarket price range: $274k - $816k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $900,000 Current use
- MEDICAL BUILDING
- $1,125,000 Change: +25% Conversion: Easy
- RETAIL STORES
- $900,000 Change: -0% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $820,000 Change: -9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Collins
- County
- Larimer
- State
- Colorado
- Longitude
- -105.057
- Latitude
- 40.5608
- 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
$21,903
$33,703
$214,579
$248,282
-
$120,800
$769,100
$889,900
