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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Banks
2337 Shields St Fort Collins, CO 80526-2096
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US13-0115182
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,532 SF
Lot
0.89 ac (38,943 SF)
APN
97224-25-001
UPID
US13-0115182
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
-
Jimmy John's Take-out & Catering
-
Normandin Construction Inc Construction Company
-
Independent Financial Bank Loan Service
-
Independent Financial ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$730k
Owner & transaction history
Home State Bank · 21 yrs held
Home State Bank
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+69.0%
Office building
$1.2M
+63.9%
Medical building
$1.2M
+63.7%
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
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$715,000
Current use
RESTAURANT
$1,210,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$1,170,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$1,170,000
Change: +64% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,050,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$925,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$890,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$97 / 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
$68,301
Tax year 2023
Assessed value
$756,508
Assessed 2023
Previous assessed
$485,460
+55.8% YoY
Effective rate
9.03%
On assessed value
Assessed land
$217,313
Assessed improvement
$539,195
Land market value
$778,900
Improvement market value
$1,932,600
Total market value
$2,711,500
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
5
Bathrooms
2
Total area
7,532 SF
Lot
0.89 ac (38,943 SF)
APN
97224-25-001
UPID
US13-0115182
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
FINANCIAL BUILDING Current
Est. value
$715,000
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$890,000
FINANCIAL BUILDING Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
5
Bathrooms
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Home State Bank
Entity
Mailing address
300 E 29TH ST, LOVELAND, CO 80538-2762
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2005
$600,000
Home State Bank
Mojo Investments LLC
Warranty Deed
related
—
Mar 31, 2000
—
Mojo Investments LLC
Mokler,james R
Grant Deed
related
—
Mar 10, 2000
$300,000
Jinich,daniel B
Fillmore,margaret L
Trustees Deed
—
—
—
Margaret L Fillmore
—
Deed Of Trust
related
$190,711 · Norwest Bank Colorado
—
—
Margaret L Fillmore
—
Deed Of Trust
related
$47,300 · Norwest Bank Colorado
—
—
James R Mokler
—
Deed Of Trust
related
$175,000 · Bank Of Colorado
—
—
Mojo Investments LLC
—
Deed Of Trust
related
$190,000 · Community First National Bank
—
—
Mojo Investments LLC
—
Deed Of Trust
related
$180,000 · Bank Of Colorado
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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