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    Property profile & analytics

    2350 Harmony Rd Fort Collins, CO 80528-3426

    • Retail space
    • 9,610 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $2,275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1189219
    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

    • Mas Fuegos Kitchen & Tequila Bar / Restaurant
    • The Good Feet Store / Orthotics & Prosthetics Service
    • Premier Colorado Homes / Real Estate Agency

    Property Details for 2350 Harmony Rd

    Year built
    2008
    Construction
    WOOD FRAME
    Lot size
    0.28 lot acres
    Property size
    9,610 SF
    Property type
    Retail space
    APN
    87323-14-002
    APU
    8732314002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,415,000
      6.5%
      $2,230,000
      7%
      $2,070,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,922,000
      Market price range: $549k - $1.92M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,790,000
      Current use
      MEDICAL BUILDING
      $3,275,000
      Change: +17% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,175,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $2,370,000
      Change: -15% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,345,000
      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
    -105.034
    Latitude
    40.5237
    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
    $98,123
    $67,211
    $1,015,951
    $1,083,162
    -
    $240,900
    $3,641,400
    $3,882,300

    Comparable in this City

    • Value Estimation
      $690,000
      4,027 SF

      7485 Westgate Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,027 SF
      7485 Westgate Dr, Windsor, CO 80528-8986
      View Details
    • Value Estimation
      $1,880,000
      5,610 SF

      7499 Westgate Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,610 SF
      7499 Westgate Dr, Windsor, CO 80528-9005
      View Details
    • Value Estimation
      $1,610,000
      6,760 SF

      2310 Harmony Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,760 SF
      2310 Harmony Rd, Fort Collins, CO 80528-3427
      View Details
    • Value Estimation
      $3,230,000
      14,041 SF

      3027 Harmony Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,041 SF
      3027 Harmony Rd, Fort Collins, CO 80528-9622
      View Details
    • Value Estimation
      $865,000
      1,933 SF

      3519 Harmony Rd, Unit 110

      RETAIL STORES (PERSONAL SERVICES) • 1,933 SF
      3519 Harmony Rd, Fort Collins, CO 80528-8826
      View Details
    • Value Estimation
      $875,000
      1,593 SF

      3519 Harmony Rd, Unit 150

      RETAIL STORES (PERSONAL SERVICES) • 1,593 SF
      3519 Harmony Rd, Fort Collins, CO 80528-8826
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,454 SF

      Mixed-Use Development in Growing Town

      Class A mixed-use development in Timnath, delivery late Spring 2024.
      4625 E Harmony Rd, Fort Collins, CO 80528
      View Details
    • $1,750,000

      Historic Commercial Property in Fort Collins

      1.93-acre site with historic structures in high-traffic Harmony Corridor.
      4605 Ziegler Rd, Fort Collins, CO 80528
      View Details
    • $2,425,000
      4,109 SF

      Harmony Road Restaurant - For Sale

      Turn-key restaurant; prime Fort Collins location.
      2400 Harmony Rd, Fort Collins, CO 80528
      View Details
    • $3,901,612
      4.00 Acres

      Windsor Commercial Land - I-25 & Hwy 392

      Prime Windsor commercial land, I-25 & Hwy 392 access.
      7250 Westgate Dr, Windsor, CO 80528
      View Details
    • Contact for pricing
      1,605 SF

      Fort Collins Restaurant Space Available

      Prime Restaurant Location, Flexible Space
      4605 County Road 3F, Fort Collins, CO 80528
      View Details
    • Contact for pricing

      Land Available in Larimer County

      Mixed-use commercial and multifamily land with regional access.
      7001 SW Frontage Rd, Fort Collins, CO 80528
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      21,116 SF

      Retail Space on Harmony Road

      21,116 RSF retail space available for lease.
      2208-2236 E Harmony Rd, Fort Collins, CO 80528
      View Details
    • $35 SF/Yr
      3,712 SF

      Restaurant Space with Patio

      Endcap restaurant space with patio and kitchen infrastructure.
      2909 E Harmony Rd, Fort Collins, CO 80528
      View Details
    • Contact for pricing
      2,787 SF

      Retail Space in Front Range Village

      Vibrant mixed-use village in Fort Collins with strong daytime population.
      2860 E Harmony Rd, Fort Collins, CO 80528
      View Details
    • $30 SF/Yr
      4,109 SF

      Fort Collins Restaurant Space Available

      Turnkey restaurant, prime Harmony Rd location.
      2400 Harmony Rd, Fort Collins, CO 80528
      View Details
    • Contact for pricing
      84,407 SF

      Harmony Tech Park Office Campus

      Fort Collins, CO: Class A Office Space Available
      0 Swc Timberwood Dr & Lady Moon Dr, Fort Collins, CO 80528
      View Details
    • Contact for pricing
      1,663 SF

      Harmony Village Office Space Available

      Office space for lease in a convenient, professional setting.
      1951 Wilmington Dr, Fort Collins, CO 80528
      View Details
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    Fort Collins, CO 80528-3426
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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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