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Property profile & analytics
OFF-MARKET
Estimated value
$6,150,000
Investment properties
244 College Ave, Fort Collins, CO 80524-3498
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2329189
Property summary
AI-generated overview
This exceptional 3,046 square foot retail or restaurant space is located in the heart of Old Town Fort Collins' vibrant Exchange building at 244 N College Ave, 80524, Larimer County, Colorado. Built in 2017, this single-tenant space boasts a versatile layout perfect for a variety of concepts. Features include a dedicated dining area, a full bar, an event space ideal for private functions, a well-equipped kitchen, private restrooms, and multiple offices. Ample storage is available, including a mezzanine level for added capacity. Enjoy a covered exterior patio, perfect for outdoor dining or events. The property benefits from prominent building signage facing College Avenue, ensuring high visibility. The space includes access to a grease trap, a key feature for food service businesses. Utilities are tenant-responsible (electric and gas). This is a rare opportunity to secure a prime location in one of Fort Collins' most sought-after areas. The property's modern design and convenient amenities make it an ideal space for a thriving business. Don't miss this chance to establish your presence in the bustling Old Town Fort Collins market.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,319 SF
Lot
0.6 ac (26,180 SF)
APN
97122-36-001
UPID
US13-2329189
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
-
Norris Design Landscaping (Bike/Boat/Book/etc) Store
-
Club Pilates Gym & Fitness Center
-
Old Town Putt Golf Course
-
Fort Collins Figure Skating Club Gym & Fitness Center
-
Theresa Rudel's Fitness Haven Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.54M
Comparable Approach
Comparable
$6.76M
Blend (final)
Blend
$6.15M
Owner & transaction history
200 N College LLC · 6 yrs held
200 N College LLC
since 2020
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.3M
+19.0%
Office building
$4.0M
+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%
$6,000,000
6.5%
$5,540,000
7%
$5,145,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,310,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$4,045,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$6.15M
Range $5.54M – $6.77M · ±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
$243 / 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
$189,686
Tax year 2023
Assessed value
$1,882,385
Assessed 2023
Previous assessed
$1,304,971
+44.2% YoY
Effective rate
10.08%
On assessed value
Assessed land
$548,179
Assessed improvement
$1,334,206
Land market value
$1,964,800
Improvement market value
$4,782,100
Total market value
$6,746,900
Applied tax rate
1,110.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
15
Total area
25,319 SF
Lot
0.6 ac (26,180 SF)
APN
97122-36-001
UPID
US13-2329189
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
MEDICAL BUILDING
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.0M
MEDICAL BUILDING
OFFICE BUILDING
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
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
15
Lot
0.6 ac
Current owner
From public records · entity-resolved
200 N College LLC
Entity
Mailing address
3528 PRECISION DR STE #100, FORT COLLINS, CO 80528-3502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2020
—
200 N College LLC
—
Deed
related
$10,205,000 · Umb Bk
—
—
200 N College LLC
—
Deed Of Trust
related
$10,205,000 · Umb Bk
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.
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