Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2040 College Ave Fort Collins, CO 80525-1425

    • Office buildings
    • 2,400 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Feb 22, 2021
    $325,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0762641
    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.

    Current Use by Public Records

    • Spa World Fort Collins / (Bike/Boat/Book/etc) Store / Kitchen & Bath Showroom

    Property Details for 2040 College Ave

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    2,400 SF
    Property type
    Office buildings
    APN
    97242-03-005
    APU
    9724203005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.076
    Latitude
    40.5607
    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
    $9,170
    $50,583
    $58,227
    $108,810
    -
    $181,300
    $208,700
    $390,000

    Comparable in this City

    • Value Estimation
      $14,500,000
      68,756 SF

      1201 Oakridge Dr

      OFFICE BUILDING • 68,756 SF
      1201 Oakridge Dr, Fort Collins, CO 80525-6267
      View Details
    • Value Estimation by Request
      557 SF

      2120 College Ave Ste, Unit 8

      OFFICE BUILDING • 557 SF
      2120 College Ave Ste, Fort Collins, CO 80525-1465
      View Details
    • Value Estimation
      $620,000
      4,050 SF

      120 Saturn Dr

      OFFICE BUILDING • 4,050 SF
      120 Saturn Dr, Fort Collins, CO 80525-4476
      View Details
    • Value Estimation by Request
      2,381 SF

      1000 Driftwood Dr

      OFFICE BUILDING • 2,381 SF
      1000 Driftwood Dr, Fort Collins, CO 80525-5907
      View Details
    • Value Estimation
      $695,000
      4,800 SF

      6412 College Ave

      OFFICE BUILDING • 4,800 SF
      6412 College Ave, Fort Collins, CO 80525-4570
      View Details
    • Value Estimation
      $5,095,000
      37,998 SF

      3500 John F Kennedy Pkwy

      OFFICE BUILDING • 37,998 SF
      3500 John F Kennedy Pkwy, Fort Collins, CO 80525-2635
      View Details

    Similar Nearby for Sale

    • $1,176,380
      8,327 SF

      Free Standing Building on College

      Free-standing building with College Avenue frontage and premium exposure.
      4836 South College Ave, Fort Collins, CO 80525
      View Details
    • $9,900,000
      41,225 SF

      Fully Leased Midtown Trophy Asset

      Four-level, 41,225 SF property with development potential in prime location.
      3500 John F Kennedy Pkwy, Fort Collins, CO 80525
      View Details
    • $800,000
      4,992 SF

      Two-Building Campus in Fort Collins

      Two office buildings available individually or together in Fort Collins.
      1113 Stoney Hill Dr, Fort Collins, CO 80525
      View Details
    • $12,900,000

      62,972 SF Office Building

      Office building for sale or lease in Fort Collins.
      Automation Way, Fort Collins, CO 80525
      View Details
    • $10,084,305
      35,115 SF

      Modern Fort Collins Office Building

      Modern office building in southeast Fort Collins for sale.
      3491 E Harmony Rd, Fort Collins, CO 80525
      View Details
    • $600,000

      Two-Building Campus in Residential District

      Two buildings totaling 9,921 SF on 0.62 acres for sale.
      1918 S Lemay Ave, Fort Collins, CO 80525
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,232 SF

      Mid-Town Fort Collins Office Space

      EnergyStar certified office building near Foothills Mall with ample parking.
      2850 Mcclelland Dr, Fort Collins, CO 80525
      View Details
    • $22 SF/Yr
      1,237 SF

      Fort Collins Retail Space For Lease

      1,237 SF Retail/Office Space Available
      1630 Lemay Ave, Fort Collins, CO 80525
      View Details
    • $216 SF/Yr
      13,949 SF

      Fort Collins Office Space For Lease

      Prime Office Space, 1,453 SF Available
      3665 John F Kennedy Pkwy, Fort Collins, CO 80525
      View Details
    • $17 SF/Yr
      4,801 SF

      Fort Collins Executive Office Space

      Prime location, 3,394 sq ft available
      300 Horsetooth Rd, Fort Collins, CO 80525
      View Details
    • $14 SF/Yr
      37,993 SF

      Fort Collins Executive Office Space

      Class A Office/Flex Space, 2,740-11,364 SF Available
      4862 Innovation Dr, Fort Collins, CO 80525
      View Details
    • $12 SF/Yr
      7,131 SF

      Office Space Near Timberline Road

      Office suite with open layout, private restrooms, and ample parking.
      4856 Innovation Dr, Fort Collins, CO 80525
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2040 College Ave
    Fort Collins, CO 80525-1425
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.