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Property profile & analytics
OFF-MARKET
Estimated value
$24,785,000
Office buildings
2221 Timberline Rd Fort Collins, CO 80525-4357
Entity Owned
13-yr Hold
Free & Clear
Property ID
US13-1196135
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
95,039 SF
Lot
7.54 ac (328,442 SF)
APN
87194-22-901
UPID
US13-1196135
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
-
City of Fort Collins Police Department Police Department
-
Police Department-Bad Checks-Forgery Police Department
-
Police Department-Crime Prevention Police Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.89M
Comparable Approach
Comparable
$32.00M
Blend (final)
Blend
$24.79M
Owner & transaction history
City Of Fort Collins Colorado · 13 yrs held
City Of Fort Collins Colorado
since 2012
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$31.8M
+24.5%
Apartment house (5+ units)
$31.4M
+22.9%
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%
$23,710,000
6.5%
$21,885,000
7%
$20,320,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,530,000
Current use
MEDICAL BUILDING
$31,785,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$31,380,000
Change: +23% · Conversion: Easy
RETAIL STORES
$25,420,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$23,180,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$24.79M
Range $22.31M – $27.26M · ±10%
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
$261 / 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
$735,191
Tax year 2023
Assessed value
$8,052,911
Assessed 2023
Previous assessed
$4,478,705
+79.8% YoY
Effective rate
9.13%
On assessed value
Assessed land
$824,718
Assessed improvement
$7,228,193
Land market value
$2,955,980
Improvement market value
$25,907,500
Total market value
$28,863,480
Applied tax rate
1,100.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
95,039 SF
Lot
7.54 ac (328,442 SF)
APN
87194-22-901
UPID
US13-1196135
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
OFFICE BUILDING Current
Est. value
$25.5M
MEDICAL BUILDING
Est. value
$31.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$31.4M
RETAIL STORES
Est. value
$25.4M
AUTO REPAIR, GARAGE
Est. value
$23.2M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2007
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
7.54 ac
Current owner
From public records · entity-resolved
City Of Fort Collins Colorado
Entity
Free & Clear · 13 yrs held
Mailing address
215 N MASON ST, FORT COLLINS, CO 80524-4402
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2012
—
City Of Fort Collins Colorado
Fort Collins Cap Leasing Corp
Quit Claim Deed
related
—
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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