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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Industrial properties
2515 Mulberry St, Fort Collins, CO 80524-3642
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US13-0291201
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1969
Construction
STEEL FRAME
Total area
7,100 SF
Lot
3.24 ac (141,134 SF)
APN
87172-00-052
UPID
US13-0291201
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
-
Rogers Park Park
-
Titan Outlet Store Big Box & Wholesale Store Agricultural Supply
-
2515 West Mulberry Parking Parking Lot & Garage
-
D&E Sales Car Dealership
-
Golf-N-Fun Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$905k
Owner & transaction history
Duin Properties LLC · 11 yrs held
Duin Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+12.7%
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%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,155,000
Current use
WAREHOUSE, STORAGE
$1,300,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$127 / 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
$32,791
Tax year 2023
Assessed value
$362,700
Assessed 2023
Previous assessed
$362,700
+0.0% YoY
Effective rate
9.04%
On assessed value
Assessed land
$137,798
Assessed improvement
$224,902
Land market value
$493,900
Improvement market value
$806,100
Total market value
$1,300,000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Total area
7,100 SF
Lot
3.24 ac (141,134 SF)
APN
87172-00-052
UPID
US13-0291201
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
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
1969
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Lot
3.24 ac
Current owner
From public records · entity-resolved
Duin Properties LLC
Entity
Mailing address
11689 COUNTY RD 70, WINDSOR, CO 80550-3241
Ownership since
2015
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
Jan 22, 2015
$975,000
Duin Properties LLC
Dealer Sites LLC
Warranty Deed
$780,000 · Windsor State Bank
Aug 6, 2012
$752,367
Dealer Sites LLC
Titan Machinery INC
Grant Deed
$588,750 · Blackridgebank
Apr 13, 2012
$750,000
Titan Machinery INC
Nickerson Properties LLC
Grant Deed
—
May 18, 2009
—
Thomas W Reed JR.
Reed Morgan A Trust
Quit Claim Deed
related
—
May 18, 2009
$463,000
Nickerson Properties LLC
Reed,thomas W JR
Warranty Deed
$376,000 · Thomas W JR Reed
Dec 2, 2008
$12,064
Betty J Reed
Treasurer Of Larimer County
Certificate Of Purchase
—
—
—
Dealer Sites LLC
—
Deed Of Trust
related
$13,900,000 · Community Bk/co
—
—
Dealer Sites LLC
—
Loan Modification
related
$588,750 · Blackridgebank
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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