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Property profile & analytics
OFF-MARKET Estimated value $6,745,000
Grocery and convenience stores

2160 Drake Rd Fort Collins, CO 80526-1486

54,574 SF 5.24 ac lot Built 1983
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US13-0158258
Property summary
AI-generated overview

Drake Crossing, located at 2160 W Drake Rd, Fort Collins, CO 80526, presents a prime retail opportunity. This 2,400 square foot strip center is situated on a highly visible, signalized corner of Taft Hill Road and Drake Road, offering exceptional exposure. The property boasts a strong anchor tenant lineup, including Safeway and Walgreens, ensuring high foot traffic and a stable tenant base. The entire 2,400 square feet is currently vacant and available for lease as a single unit, providing a unique chance for a business to establish a significant presence in a thriving area. The center benefits from its location within densely populated residential neighborhoods near Horsetooth Reservoir, guaranteeing a robust customer base. A diverse mix of local and national tenants further enhances the property's appeal. Building and monument signage opportunities are available, providing excellent branding potential. This is an exceptional opportunity for a business seeking high visibility and a strong location within a well-established shopping center. The property's size and location make it ideal for a variety of retail uses. The address is easily accessible and benefits from high traffic counts. This is a rare opportunity to secure a prominent retail space in a desirable Fort Collins location.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 54,574 SF
Lot 5.24 ac (228,254 SF)
APN 97214-40-001
UPID US13-0158258
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
  • Golfer Factory (Fort Collins Golf Lessons) Golf Instructor
  • Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
  • Allen, Thomas J MD Geriatric Care Provider
  • Safeway Bakery Bakery Specialty Food Shop
  • Golfer Factory (Hi-Tech Golf Lessons in Fort Collins) Golf Instructor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.75M
Owner & transaction history
Speckman Fc Safeway LLC · 8 yrs held
Speckman Fc Safeway LLC
since 2018
4 recorded transactions
2018
$14.6M
2017
$11.3M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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