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    2208 Harmony Rd Fort Collins, CO 80528-3412
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    2208 Harmony Rd Fort Collins, CO 80528-3412

    View on Map
    • Individual retail properties
    • 36,322 SF
    • 3.90 lot acres
    Off-Market
    Property ID
    US13-1188943
    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.
    Value Estimations
    $1,705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Speedtown Express / Gym & Fitness Center / Sports Field & Court
    • British Swim School at 24 Hour Fitness - Fort Collins / Indoor Swimming Pool / Swim Club
    • 24 Hour Fitness / Gym & Fitness Center

    Property Details for 2208 Harmony Rd

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.90 lot acres
    Property size
    36,322 SF
    Property type
    Individual retail properties
    APN
    87323-63-002
    APU
    8732363002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      GYM, HEALTH SPA
      $1,505,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.037
    Latitude
    40.5247
    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
    $241,213
    $473,965
    $2,176,535
    $2,650,500
    -
    $1,698,800
    $7,801,200
    $9,500,000

    Comparable in this City

    • Value Estimation
      $570,000
      1,090 SF

      4325 Harmony Rd

      CONVENIENCE STORE • 1,090 SF
      4325 Harmony Rd, Fort Collins, CO 80528-9527
      View Details
    • Value Estimation
      $530,000
      4,174 SF

      2820 Harmony Rd

      FINANCIAL BUILDING • 4,174 SF
      2820 Harmony Rd, Fort Collins, CO 80528-9599
      View Details
    • Value Estimation
      $565,000
      6,146 SF

      2827 Harmony Rd

      FINANCIAL BUILDING • 6,146 SF
      2827 Harmony Rd, Fort Collins, CO 80528-9557
      View Details
    • Value Estimation
      $1,165,000
      3,692 SF

      7486 Westgate Dr

      CONVENIENCE STORE • 3,692 SF
      7486 Westgate Dr, Windsor, CO 80528-8985
      View Details
    • Value Estimation
      $1,880,000
      5,610 SF

      7499 Westgate Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,610 SF
      7499 Westgate Dr, Windsor, CO 80528-9005
      View Details
    • Value Estimation
      $555,000
      4,804 SF

      2420 Harmony Rd

      FINANCIAL BUILDING • 4,804 SF
      2420 Harmony Rd, Fort Collins, CO 80528-3423
      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
    • 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
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    • Contact for pricing

      Harmony Road Commercial Land Parcel

      4.9 acre commercial land parcel on Harmony Road.
      3733 E Harmony Rd, Fort Collins, CO 80528
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $35 SF/Yr

      High-Traffic Retail/Service Space Available

      Modern retail/service space in Fort Collins' Harmony Corridor.
      2024 East Harmony Rd, Fort Collins, CO 80528
      View Details
    • 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
    • Contact for pricing

      Class A Office Building

      Class A office building near I-25 and Harmony Road.
      2950 E Harmony Rd, 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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    2208 Harmony Rd
    Fort Collins, CO 80528-3412
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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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