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    Property profile & analytics

    230 Cherry St Fort Collins, CO 80521-2073

    • Office buildings
    • 8,382 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $1,805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1016030
    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.

    Current Use by Public Records

    • Bird Conservancy of the Rockies / Charitable Organization / Social Service Agency
    • National Association for Interpretation / Charitable Organization / Social Service Agency

    Property Details for 230 Cherry St

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    8,382 SF
    Property type
    Office buildings
    APN
    97111-16-005
    APU
    9711116005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,090,000
      6.5%
      $1,930,000
      7%
      $1,790,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,792,000
      Market price range: $1.36M - $2.25M
      AI Estimate
      $1,694,000
      Market price range: $598k - $2.25M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,620,000
      Current use
      MEDICAL BUILDING
      $2,855,000
      Change: +76% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,770,000
      Change: +71% Conversion: Easy
      RETAIL STORES
      $2,435,000
      Change: +50% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,045,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,545,000
      Change: -5% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,365,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.08
    Latitude
    40.5924
    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
    $52,118
    $69,108
    $480,494
    $549,602
    -
    $247,700
    $1,722,200
    $1,969,900

    Comparable in this City

    • Value Estimation
      $7,145,000
      35,442 SF

      205 Oak St

      OFFICE BUILDING • 35,442 SF
      205 Oak St, Fort Collins, CO 80521-2712
      View Details
    • Value Estimation
      $4,220,000
      16,491 SF

      318 Cyn Ave

      OFFICE BUILDING • 16,491 SF
      318 Cyn Ave, Fort Collins, CO 80521-2668
      View Details
    • Value Estimation by Request
      1,282 SF

      204 Maple St, Unit 105

      OFFICE BUILDING • 1,282 SF
      204 Maple St, Fort Collins, CO 80521-2076
      View Details
    • Value Estimation by Request
      1,130 SF

      1302 Shields St, Unit A2-2

      OFFICE BUILDING • 1,130 SF
      1302 Shields St, Fort Collins, CO 80521-4803
      View Details
    • Value Estimation by Request
      1,536 SF

      420 Howes St, Unit B-302

      OFFICE BUILDING • 1,536 SF
      420 Howes St, Fort Collins, CO 80521-2871
      View Details
    • Value Estimation
      $6,305,000
      38,000 SF

      3185 Rampart Rd, Unit A

      OFFICE BUILDING • 38,000 SF
      3185 Rampart Rd, Fort Collins, CO 80521-3009
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Downtown Fort Collins Office Building

      Premier office building in vibrant downtown Fort Collins business district.
      230 Cherry St, Fort Collins, CO 80521
      View Details
    • $600,000

      Downtown Fort Collins Office Space

      Prime office space in the heart of downtown Fort Collins.
      215 W Oak St, Fort Collins, CO 80521
      View Details
    • $1,195,000
      3,128 SF

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      Freestanding office building in Old Town with on-site parking.
      320 W Olive St, Fort Collins, CO 80521
      View Details
    • Contact for pricing
      10,500 SF

      Downtown Fort Collins Standalone Building

      Standalone building in downtown Fort Collins with exclusive parking.
      345 E Mountain Ave, Fort Collins, CO 80521
      View Details
    • $645,000
      1,910 SF

      Historic Queen Anne Office Building

      Historic office building in downtown Fort Collins available for rent.
      226 W Magnolia St, Fort Collins, CO 80521
      View Details
    • $700,000
      3,290 SF

      Downtown Fort Collins Office Space

      Prime Executive Office, 3,290 SF
      215 Oak St, Fort Collins, CO 80521
      View Details

    Similar Nearby for Lease

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      1,208 SF

      Creative Office Space in Fort Collins

      Flexible office space in Old Town West, Fort Collins.
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      View Details
    • $26 SF/Yr
      1,218 SF

      Westpark Retail and Office Suites

      Prime retail and office spaces near Colorado State University.
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      View Details
    • $24 SF/Yr
      2,100 SF

      Historic Office Building with Parking

      Charming, remodeled office space near College Avenue with ample parking.
      416 West Oak St, Fort Collins, CO 80521
      View Details
    • $16 SF/Yr
      860 SF

      Old Town Fort Collins Office

      Professional office space for rent in Old Town Fort Collins.
      425 W Mulberry St, Fort Collins, CO 80521
      View Details
    • Contact for pricing
      200 SF

      Fort Collins Class A Office Space

      Modern Office Suite in KeyBank Tower
      125 Howes St, Fort Collins, CO 80521
      View Details
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    Fort Collins, CO 80521-2073
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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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