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Property profile & analytics
OFF-MARKET
Estimated value
$7,655,000
Office buildings
2243 Ctr Ave Fort Collins, CO 80526-6050
Individually Owned
7-yr Hold
Free & Clear
Property ID
US13-2074351
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Construction
WOOD FRAME
Total area
32,872 SF
Lot
1.89 ac (82,285 SF)
APN
97233-51-902
UPID
US13-2074351
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
CSU Digital Engagement Center Association Or Organization
-
Institute for Shipboard Education | Semester at Sea Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.57M
Comparable Approach
Comparable
$9.44M
Blend (final)
Blend
$7.66M
Owner & transaction history
Board Of Governors Of The Colo · 7 yrs held
Board Of Governors Of The Colo
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.2M
+38.1%
Apartment house (5+ units)
$10.4M
+27.8%
Retail stores
$9.6M
+17.7%
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%
$8,200,000
6.5%
$7,570,000
7%
$7,030,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,115,000
Current use
MEDICAL BUILDING
$11,205,000
Change: +38% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$10,365,000
Change: +28% · Conversion: Easy
RETAIL STORES
$9,550,000
Change: +18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,015,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$7.66M
Range $6.89M – $8.42M · ±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
$233 / 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
$185,385
Tax year 2023
Assessed value
$2,030,612
Assessed 2023
Previous assessed
$1,696,117
+19.7% YoY
Effective rate
9.13%
On assessed value
Assessed land
$229,695
Assessed improvement
$1,800,917
Land market value
$823,280
Improvement market value
$6,454,900
Total market value
$7,278,180
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
2015
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
3
Units
5
Total area
32,872 SF
Lot
1.89 ac (82,285 SF)
APN
97233-51-902
UPID
US13-2074351
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
$8.1M
MEDICAL BUILDING
Est. value
$11.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.4M
RETAIL STORES
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$8.0M
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
2015
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
5
Lot
1.89 ac
Current owner
From public records · entity-resolved
Board Of Governors Of The Colo
Individual
Free & Clear · 7 yrs held
Mailing address
CAMPUS DELIVERY #6009, FORT COLLINS, CO 80523-0001
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2019
$9,200,000
Board Of Governors Of The Colo
Colorado St Unvi Research Foun
Warranty Deed
—
Jul 20, 2015
—
Colorado St Univ Research Foun
—
Deed Of Trust
related
$9,000,000 · First Nat'l Bk/omaha
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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