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Property profile & analytics
FOR LEASE
Showrooms
2415 E Mulberry St Fort Collins, CO 80524
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0412554
For Lease
$144 SF/Yr
2415 E Mulberry St, Fort Collins, CO 80524
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,802 SF
Lot
3.1 ac (135,036 SF)
APN
87172-00-001
UPID
US13-0412554
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
-
Skylight Specialists, Inc Hardware & Home Improvement Interior Design
-
Center for Light and Balance Alternative Medicine Practice
-
Intoxalock Ignition Interlock Building Supply General Contractor
-
Sherwin-Williams Automotive Finishes Hardware & Home Improvement Building Supply
-
Tint World Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$4.12M
Owner & transaction history
Mfp Fort Collins LLC · 21 yrs held
Mfp Fort Collins LLC
since 2005
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.4M
+19.0%
Office building
$5.1M
+11.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,550,000
Current use
MEDICAL BUILDING
$5,415,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$5,080,000
Change: +12% · Conversion: Easy
RESTAURANT
$4,530,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,275,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$4,105,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.12M
Range $3.71M – $4.53M · ±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
$130 / 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
$110,079
Tax year 2023
Assessed value
$1,197,830
Assessed 2023
Previous assessed
$1,197,830
+0.0% YoY
Effective rate
9.19%
On assessed value
Assessed land
$131,883
Assessed improvement
$1,065,947
Land market value
$472,700
Improvement market value
$3,820,600
Total market value
$4,293,300
Applied tax rate
10,027.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
8
Total area
31,802 SF
Lot
3.1 ac (135,036 SF)
APN
87172-00-001
UPID
US13-0412554
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
COMMERCIAL (GENERAL) Current
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.1M
RESTAURANT
Est. value
$4.5M
RETAIL STORES
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
8
Lot
3.1 ac
Current owner
From public records · entity-resolved
Mfp Fort Collins LLC
Entity
Mailing address
3200 E CHERRY CRK S DR STE #630, DENVER, CO 80209-3247
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2007
—
Mfp Fort Collins LLC
—
Trustees Deed
related
$2,900,000 · Guaranty Bank
Dec 19, 2005
—
Mfp Fort Collins LLC
—
Trustees Deed
related
$2,850,000 · Weststar Bank
Jun 17, 2005
—
Mfp Fort Collins LLC
Rapid Funding LLC
Grant Deed
related
—
Jun 9, 2003
—
Rapid Funding LLC
Mabis,harry E
Trustees Deed
related
—
—
—
Mfp Fort Collins LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of The West
—
—
Harry E Mabis
—
Deed Of Trust
related
$469,000 · Rapid Funding LLC
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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