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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    234 College Ave Fort Collins, CO 80524-3494

    • Drive through restaurants
    • 4,754 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2320985
    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

    • Old Town Churn Ice Cream / Ice Cream Shop
    • La piadina - Italian Flatbread Sandwiches / Pizza Restaurant / Italian Restaurant
    • The Foundry Barbers / Barber Shop
    • Best Psychic Hotline Fort Collins / Psychic
    • Blanchard Family Wines - Fort Collins / Winery

    Property Details for 234 College Ave

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    0.42 lot acres
    Property size
    4,754 SF
    Property type
    Drive through restaurants
    APN
    97122-36-002
    APU
    9712236002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $758,000
      Market price range: $354k - $1.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.076
    Latitude
    40.5898
    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
    $46,695
    $385,997
    $83,700
    $469,697
    -
    $1,383,500
    $300,000
    $1,683,500

    Comparable in this City

    • Value Estimation by Request
      1,135 SF

      501 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,135 SF
      501 College Ave, Fort Collins, CO 80524-3001
      View Details
    • Value Estimation
      $630,000
      4,069 SF

      421 Cowan St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,069 SF
      421 Cowan St, Fort Collins, CO 80524-2956
      View Details
    • Value Estimation by Request
      352 SF

      821 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 352 SF
      821 College Ave, Fort Collins, CO 80524-1203
      View Details
    • Value Estimation by Request
      1,552 SF

      301 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,552 SF
      301 College Ave, Fort Collins, CO 80524-2801
      View Details
    • Value Estimation
      $770,000
      476 SF

      432 12th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 476 SF
      432 12th St, Fort Collins, CO 80524-3559
      View Details
    • Value Estimation by Request
      1,245 SF

      726 Lemay Ave, Unit A

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,245 SF
      726 Lemay Ave, Fort Collins, CO 80524-3203
      View Details

    Similar Nearby for Sale

    • $349,999
      2,500 SF

      Fort Collins Retail Opportunity

      Retail property near King Soopers with drive-thru potential.
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    • $1,450,000

      Fort Collins Drive-Thru Opportunity

      Freestanding 3,933 SF building with drive-thru on 0.91 acres.
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    • $1,660,000
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      Downtown Fort Collins Bar/Restaurant

      Turn-key bar & restaurant, prime location.
      122 Laurel St, Fort Collins, CO 80524
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    • $1,495,000

      Turn-Key Restaurant Near CSU Campus

      Renovated restaurant space near Colorado State University campus.
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    • $886,500
      1,500 SF

      Prime Old Town Fort Collins Retail

      Four Units, Redevelopment Opportunity, High Traffic Area
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    • $1,144,000
      3,300 SF

      Downtown Fort Collins Restaurant Space

      Restaurant space with premium exposure in Downtown Fort Collins.
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    Similar Nearby for Lease

    • $15 SF/Yr
      4,227 SF

      Downtown Fort Collins Gem

      Restaurant & Office Space Available
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    • $17 SF/Yr
      3,721 SF

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      Restaurant space with dining area, bar, and pick-up window.
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      View Details
    • $26 SF/Yr
      3,046 SF

      Fort Collins Retail Space - The Exchange #105

      Prime Old Town Fort Collins restaurant/retail space.
      244 College Ave, Fort Collins, CO 80524
      View Details
    • $120 SF/Yr

      Restaurant Space in Old Town

      Restaurant space with shared patio in vibrant Old Town.
      234 N College Ave, Fort Collins, CO 80524
      View Details
    • New
      $20 SF/Yr
      6,098 SF

      Restaurant Space Near Poudre Valley

      Freestanding restaurant space with full kitchen infrastructure and ample parking.
      1075 Pennock Pl, Fort Collins, CO 80524
      View Details
    • $28 SF/Yr
      2,690 SF

      Fort Collins Restaurant Space For Lease

      Turn-key bar/restaurant, prime location
      122 Laurel St, Fort Collins, CO 80524
      View Details
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    234 College Ave
    Fort Collins, CO 80524-3494
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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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