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Property profile & analytics
OFF-MARKET
Estimated value
$2,675,000
Hotels
259 College Ave Fort Collins, CO 80524-2810
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0158325
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,304 SF
Lot
0.43 ac (18,687 SF)
APN
97114-15-001
UPID
US13-0158325
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
-
Ace Café Restaurant
-
The Armstrong Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
Cccs Armstrong LLC · 9 yrs held
Cccs Armstrong LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$3,355,000
6.5%
$3,095,000
7%
$2,875,000
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±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
$78 / 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
$235,850
Tax year 2023
Assessed value
$2,338,466
Assessed 2023
Previous assessed
$1,595,000
+46.6% YoY
Effective rate
10.09%
On assessed value
Assessed land
$391,102
Assessed improvement
$1,947,364
Land market value
$1,401,800
Improvement market value
$6,979,800
Total market value
$8,381,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Units
44
Rooms
45
Total area
34,304 SF
Lot
0.43 ac (18,687 SF)
APN
97114-15-001
UPID
US13-0158325
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
Building & site characteristics
From public records
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Units
44
Rooms
45
Lot
0.43 ac
Current owner
From public records · entity-resolved
Cccs Armstrong LLC
Entity
Mailing address
PO BOX 844, JACKSON, WY 83001-0844
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
—
Ccc S Armstrong LLC
—
Deed
related
—
Jun 25, 2019
—
Cccs Armstrong LLC
—
Deed
related
$8,843,094 · Frost Bk
May 12, 2017
$10,150,000
Cccs Armstrong LLC
New Empire Partners LLC
Trustees Deed
$11,500,000 · Frost Bk
Sep 1, 2016
—
The New Empire Partners LLC
—
Deed
related
$1,000,000 · Great Western Bank
Jan 14, 2004
—
New Empire Partners LLC
Bw Levinger LLC
Quit Claim Deed
related
$2,680,000 · Centennial Bank Of The West
Dec 19, 2002
—
B W Levinger LLC
—
Trustees Deed
related
$1,950,000 · Centennial Bank Of The West
Dec 2, 2002
$1,450,000
B W Levinger LLC
Old Town Hotels LLC
Grant Deed
$524,345 · Old Town Hotels LLC
—
—
New Empire Partners LLC
—
Deed Of Trust
related
$3,430,000 · Great Western Bank
—
—
Cccs Armstrong LLC
—
Loan Modification
related
$8,843,094 · Frost Bk
—
—
New Empire Partners LLC
—
Deed Of Trust
related
$4,529,166 · Great Western Bank
—
—
New Empire Partners LLC
—
Deed Of Trust
related
$3,200,000 · First Community Bank
—
—
New Empire Partners LLC
—
Deed Of Trust
related
$250,000 · Great Wstrn Bk
—
—
New Empire Partners LLC
—
Deed Of Trust
related
$1,000,000 · Great Wstrn Bk
—
—
New Empire Partners LLC
—
Deed Of Trust
related
$267,000 · Lory Levinger
—
—
B W Levinger LLC
—
Deed Of Trust
related
$249,000 · Centennial Bank Of The West
—
—
New Empire Partners LLC
—
Deed Of Trust
related
$5,000 · Fort Collins City (co)
—
—
New Empire Partners LLC
—
Deed Of Trust
related
$120,000 · Stephen G & Mary E Levinger
—
—
New Empire Partners LLC
—
Deed Of Trust
related
$990,000 · Bernard W Levinger
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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