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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Residential income homes
223 Myrtle St Fort Collins, CO 80521-2866
Entity Owned
8-yr Hold
Property ID
US13-0025942
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1999
Construction
FRAME
Total area
3,000 SF
Lot
0.06 ac (2,614 SF)
APN
97141-13-032
UPID
US13-0025942
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$418k
Blend (final)
Blend
$530k
Owner & transaction history
Ph Annex LLC · 8 yrs held
Ph Annex LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$670,000
6.5%
$615,000
7%
$575,000
Alternative Use
Use
Estimation
RETAIL STORES
$870,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$177 / 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
$6,191
Tax year 2023
Assessed value
$71,502
Assessed 2023
Previous assessed
$71,502
+0.0% YoY
Effective rate
8.66%
On assessed value
Assessed land
$13,400
Assessed improvement
$58,102
Land market value
$200,000
Improvement market value
$867,200
Total market value
$1,067,200
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Stories
2
Units
4
Rooms
12
Bathrooms
4
Total area
3,000 SF
Lot
0.06 ac (2,614 SF)
APN
97141-13-032
UPID
US13-0025942
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
RETAIL STORES
Est. value
$870,000
RETAIL STORES
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
1999
Construction
FRAME
Heating
FORCED AIR
Stories
2
Units
4
Rooms
12
Bathrooms
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Ph Annex LLC
Entity
Mailing address
PO BOX 4655, BOULDER, CO 80306-4655
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2018
$785,000
Ph Annex LLC
Tyson,scott H
Warranty Deed
$628,000 · Firstbank
Mar 9, 2012
—
Scott H Tyson
Collins,carolyn M
Quit Claim Deed
related
—
Jan 5, 2012
—
Tyson,scott H
Collins,carolyn M
Quit Claim Deed
related
—
Nov 14, 2011
—
Carolyn M Collins
Tyson Glenn
Grant Deed
related
—
Sep 22, 2004
$475,000
Glenn M Tyson
Biringen,sedat H & Zeynep
Warranty Deed
$380,000 · Citimortgage INC
Mar 20, 2002
$385,000
Sedat H Biringen
Simpson,james P
Grant Deed
$288,750 · M & T Mortgage Corp
Aug 24, 2000
$340,000
James P Simpson
Cook,f F
Grant Deed
$272,000 · North American Mortgage
—
—
Sedat H Biringen
—
Deed Of Trust
related
$296,870 · Capitol Commerce Mortgage Co
—
—
Sedat H Biringen
—
Deed Of Trust
related
$296,870 · Capitol Commerce Mortgage Co
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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