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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Manufacturing properties
216 Commerce Dr Fort Collins, CO 80524-2782
Entity Owned
~
Est. High Equity
Property ID
US13-2830754
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,279 SF
Lot
1.02 ac (44,431 SF)
APN
87074-05-057
UPID
US13-2830754
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
-
Loomis Armored US Company Atm
-
212 Degrees Restoration Hardware & Home Improvement Construction Company
-
JT Flooring Carpet & Flooring Store Hardware & Home Improvement
-
STM Suspension Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$2.06M
Owner & transaction history
216 Commerce LLC
216 Commerce LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.6M
+12.7%
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%
$2,395,000
6.5%
$2,210,000
7%
$2,050,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,325,000
Current use
WAREHOUSE, STORAGE
$2,620,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10% · vs last sale $2.10M (Jun 24 2025)
Last sale anchor
$2.10M
Jun 24 2025
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
$144 / 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
$45,185
Tax year 2023
Assessed value
$488,250
Assessed 2023
Previous assessed
$488,250
+0.0% YoY
Effective rate
9.25%
On assessed value
Assessed land
$74,242
Assessed improvement
$414,008
Land market value
$266,100
Improvement market value
$1,483,900
Total market value
$1,750,000
Applied tax rate
10,027.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
14,279 SF
Lot
1.02 ac (44,431 SF)
APN
87074-05-057
UPID
US13-2830754
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
216 Commerce LLC
Entity
Mailing address
713 SANDPIPER PT, FORT COLLINS, CO 80525-3111
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2025
$2,100,000
216 Commerce LLC
Rafiki Properties LLC
Special Warranty Deed
$1,450,000 · First Interstate Bank
Nov 15, 2012
—
Rafiki Properties LLC
Hakuna Properties LLC
Grant Deed
related
—
Oct 16, 2012
$825,000
Hakuna Properties LLC
Fox Ridge At Severance LLC
Warranty Deed
—
Jan 6, 2011
$144,000
Fox Ridge At Severance LLC
1008 Centre LLC
Warranty Deed
—
Dec 31, 2010
—
Fox Ridge At Severance LLC
F & S LLC
Warranty Deed
related
—
Apr 3, 2008
$480,000
Fox Ridge At Severance LLC
Bernth,daniel R
Warranty Deed
—
Apr 2, 2008
—
K Four LLC
Dinedandave LLC
Quit Claim Deed
related
—
Dec 13, 2007
$132,268
Daniel R Bernth
Fourbg LLC
Warranty Deed
—
Dec 13, 2007
$185,640
Fox Ridge At Severance LLC
K Four LLC
Warranty Deed
—
Dec 13, 2007
$176,358
Daniel R Bernth
Ironball LLC
Warranty Deed
—
Dec 13, 2007
$92,820
F & S LLC
Damer Commerce Drive LLC
Warranty Deed
—
Nov 28, 2007
$20,379
Damer Commerce LLC
Treasurer Of Larimer County
Certificate Of Purchase
—
Mar 14, 2005
—
Damer Commerce Drive Lcc
Ironball LLC
Quit Claim Deed
related
—
Jul 20, 2004
$750,000
Ironball LLC
Lieser,eva A
Grant Deed
$585,000 · First Mainstreet Bank NA
Jul 20, 2004
—
Eva A Lieser
K-venture Properties LLC
Quit Claim Deed
related
—
Jan 30, 2003
—
K-ventures Properties LLC
Lieser,eva A
Quit Claim Deed
related
—
—
—
Fox Ridge At Severance LLC
—
Deed Of Trust
related
$50,333 · Western State Bank
—
—
K Four LLC
—
Deed Of Trust
related
$50,000 · First Mainstreet Bank NA
—
—
Kfour LLC
—
Deed Of Trust
related
$615,000 · Western State Bank
—
—
Eva A Lieser
—
Deed Of Trust
related
$223,000 · First Choice 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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