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    Property profile & analytics

    2120 Harmony Rd Fort Collins, CO 80528-8621

    • Strip malls
    • 7,365 SF
    • 1.66 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0020739
    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

    • MAD Greens - Fort Collins / Restaurant
    • Chipotle Mexican Grill / Take-out & Catering / Catering Service
    • Firehouse Subs East Harmony / Take-out & Catering / Catering Service
    • Floyd's 99 Barbershop / Barber Shop
    • Mr. Lee(Barber) / Barber Shop

    Property Details for 2120 Harmony Rd

    Year built
    2007
    Construction
    WOOD FRAME
    Lot size
    1.66 lot acres
    Property size
    7,365 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    87323-59-008
    APU
    8732359008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $675,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $562,000
      Market price range: $268k - $562k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $390,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,025,000
      Change: +162% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $955,000
      Change: +144% Conversion: Difficult
      RETAIL STORES
      $900,000
      Change: +131% Conversion: Easy
      MEDICAL BUILDING
      $840,000
      Change: +115% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.037
    Latitude
    40.5238
    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
    $76,162
    $402,904
    $439,704
    $842,608
    -
    $1,444,100
    $1,576,000
    $3,020,100

    Comparable in this City

    • Value Estimation
      $520,000
      2,928 SF

      4609 Timberline Rd, Unit B

      SHOPPING CENTER, STRIP CENTER • 2,928 SF
      4609 Timberline Rd, Fort Collins, CO 80528-3170
      View Details
    • Value Estimation
      $1,070,000
      19,960 SF

      2226 Harmony Rd

      SHOPPING CENTER, STRIP CENTER • 19,960 SF
      2226 Harmony Rd, Fort Collins, CO 80528-3412
      View Details
    • Value Estimation
      $790,000
      12,088 SF

      4709 Timberline Rd

      SHOPPING CENTER, STRIP CENTER • 12,088 SF
      4709 Timberline Rd, Fort Collins, CO 80528-3020
      View Details
    • Value Estimation
      $870,000
      20,924 SF

      2216 Harmony Rd

      SHOPPING CENTER, STRIP CENTER • 20,924 SF
      2216 Harmony Rd, Fort Collins, CO 80528-3412
      View Details
    • Value Estimation
      $735,000
      20,025 SF

      4630 Royal Vis Cir

      SHOPPING CENTER, STRIP CENTER • 20,025 SF
      4630 Royal Vis Cir, Windsor, CO 80528-9371
      View Details
    • Value Estimation
      $555,000
      7,580 SF

      4733 Timberline Rd

      SHOPPING CENTER, STRIP CENTER • 7,580 SF
      4733 Timberline Rd, Fort Collins, CO 80528-3022
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,454 SF

      Mixed-Use Development in Growing Town

      Class A mixed-use development in Timnath, delivery late Spring 2024.
      4625 E Harmony Rd, Fort Collins, CO 80528
      View Details
    • $1,750,000

      Historic Commercial Property in Fort Collins

      1.93-acre site with historic structures in high-traffic Harmony Corridor.
      4605 Ziegler Rd, Fort Collins, CO 80528
      View Details
    • $3,901,612
      4.00 Acres

      Windsor Commercial Land - I-25 & Hwy 392

      Prime Windsor commercial land, I-25 & Hwy 392 access.
      7250 Westgate Dr, Windsor, CO 80528
      View Details
    • $2,425,000
      4,109 SF

      Harmony Road Restaurant - For Sale

      Turn-key restaurant; prime Fort Collins location.
      2400 Harmony Rd, Fort Collins, CO 80528
      View Details
    • Contact for pricing
      1,605 SF

      Fort Collins Restaurant Space Available

      Prime Restaurant Location, Flexible Space
      4605 County Road 3F, Fort Collins, CO 80528
      View Details
    • Contact for pricing
      203,391 SF

      High-Tech Manufacturing and Design Facility

      203,391 SF Fort Collins facility for design and manufacturing.
      4701-4721 Technology Pkwy, Fort Collins, CO 80528
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,787 SF

      Retail Space in Front Range Village

      Vibrant mixed-use village in Fort Collins with strong daytime population.
      2860 E Harmony Rd, Fort Collins, CO 80528
      View Details
    • $35 SF/Yr
      3,712 SF

      Restaurant Space with Patio

      Endcap restaurant space with patio and kitchen infrastructure.
      2909 E Harmony Rd, Fort Collins, CO 80528
      View Details
    • $12 SF/Yr
      21,116 SF

      Retail Space on Harmony Road

      21,116 RSF retail space available for lease.
      2208-2236 E Harmony Rd, Fort Collins, CO 80528
      View Details
    • $30 SF/Yr
      4,109 SF

      Fort Collins Restaurant Space Available

      Turnkey restaurant, prime Harmony Rd location.
      2400 Harmony Rd, Fort Collins, CO 80528
      View Details
    • Contact for pricing
      84,407 SF

      Harmony Tech Park Office Campus

      Fort Collins, CO: Class A Office Space Available
      0 Swc Timberwood Dr & Lady Moon Dr, Fort Collins, CO 80528
      View Details
    • Contact for pricing
      1,663 SF

      Harmony Village Office Space Available

      Office space for lease in a convenient, professional setting.
      1951 Wilmington Dr, Fort Collins, CO 80528
      View Details
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    2120 Harmony Rd
    Fort Collins, CO 80528-8621
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    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
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