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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Retail space
2005 College Ave Fort Collins, CO 80525-1424
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0076647
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,488 SF
Lot
0.16 ac (6,970 SF)
APN
97231-06-007
UPID
US13-0076647
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 Dog Pawlour Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
$345k
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$515k
Owner & transaction history
2005 College Ave LLC · 4 yrs held
2005 College Ave LLC
since 2021
Last sale
$522,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$500,000
+25.0%
Office building
$400,000
+0.4%
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
$540,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
$375,000
6.5%
$345,000
7%
$320,000
Alternative Use
Use
Estimation
RETAIL STORES
$400,000
Current use
MEDICAL BUILDING
$500,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$400,000
Change: +0% · Conversion: Easy
AUTO REPAIR, GARAGE
$365,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $523k (Aug 26 2021)
Last sale anchor
$523k
Aug 26 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
$346 / 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
$14,188
Tax year 2023
Assessed value
$163,773
Assessed 2023
Previous assessed
$148,857
+10.0% YoY
Effective rate
8.66%
On assessed value
Assessed land
$36,158
Assessed improvement
$127,615
Land market value
$129,600
Improvement market value
$457,400
Total market value
$587,000
Applied tax rate
11,001.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
1,488 SF
Lot
0.16 ac (6,970 SF)
APN
97231-06-007
UPID
US13-0076647
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
RETAIL STORES Current
Est. value
$400,000
MEDICAL BUILDING
Est. value
$500,000
OFFICE BUILDING
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$365,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
2005 College Ave LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2815 SCHOONERS CT, LOVELAND, CO 80538-7061
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
—
2005 College Ave LLC
Petdine Properties LLC
Quit Claim Deed
related
—
Aug 15, 2019
$522,500
Petdine Properties LLC
South College Spring LLC
Grant Deed
$386,250 · Sauk Vly Bk&tr
Jan 25, 2012
—
South College Spring LLC
Skaggs,donald L
Grant Deed
related
—
Sep 18, 2007
$310,200
Donald L Skaggs
Cheryl & Pete Thomas LLC
Warranty Deed
$160,000 · Home State Bank
Jan 25, 2005
$301,000
Cheryl & Pete Thomas LLC
Animal Emergency Svcs Of Nthrn
Grant Deed
$290,000 · First National Bank
Sep 16, 2004
—
Animal Emergency Svcs Of Nthrn Co
Public Trustee Of Larimer County
Trustees Deed
related
—
Jul 2, 2004
$270,903
Animal Emergency Svcs Of Nthrn Co
Public Trustee Of Larimer County
Trustees Deed
—
Aug 29, 2001
$270,000
Marc B Person
Animal Emergency Service
Grant Deed
$251,100 · Animal Emergency Service
—
—
Animal Emergency Services Nc
—
Deed Of Trust
related
$25,000 · Bank One Colorado
—
—
Animal Emergency Svcs Colorado
—
Deed Of Trust
related
$215,000 · Centennial Bank Of The West
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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