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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Community centers
2601 Lemay Ave Fort Collins, CO 80525-2295
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0985532
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,020 SF
Lot
10.47 ac (456,073 SF)
APN
97251-19-001
UPID
US13-0985532
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
-
Friendly Nick's Butcher Take-out & Catering Butcher
-
Starbucks Cafe & Coffee Shop
-
Aztek Fencing General Contractor Construction Company
-
The UPS Store Courier Service Postal Service
-
Hope and Joy Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$560k
Owner & transaction history
Scotch Pines Village Lllp · 11 yrs held
Scotch Pines Village Lllp
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$725,000
+110.9%
Retail stores
$710,000
+107.5%
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
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$345,000
Current use
APARTMENT HOUSE (5+ UNITS)
$725,000
Change: +111% · Conversion: Difficult
RETAIL STORES
$710,000
Change: +107% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$80 / 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
$394,041
Tax year 2023
Assessed value
$4,324,500
Assessed 2023
Previous assessed
$3,980,540
+8.6% YoY
Effective rate
9.11%
On assessed value
Assessed land
$1,144,849
Assessed improvement
$3,179,651
Land market value
$4,103,400
Improvement market value
$11,396,600
Total market value
$15,500,000
Applied tax rate
1,100.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
8
Stories
1
Units
3
Total area
7,020 SF
Lot
10.47 ac (456,073 SF)
APN
97251-19-001
UPID
US13-0985532
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$345,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$725,000
RETAIL STORES
Est. value
$710,000
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
8
Units
3
Lot
10.47 ac
Current owner
From public records · entity-resolved
Scotch Pines Village Lllp
Entity
Mailing address
3500 JOHN F KENNEDY PKWY STE #220, FORT COLLINS, CO 80525-2635
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2014
—
Scotch Pines Village Lllp
—
Trustees Deed
related
$250,000 · Bank Of Co
Jun 26, 2006
—
Scotch Pines Village Lllp
—
Deed Of Trust
related
$5,500,000 · Bank Of Colorado
Jan 14, 2004
—
Scotch Pines Village Ltd
—
Deed Of Trust
related
$3,435,508 · Bank Of Colorado
—
—
Scotch Pines Village Lllp
—
Loan Modification
related
—
—
—
Scotch Pines Village Lllp
—
Deed Of Trust
related
$245,000 · Bank Of Co
—
—
Scotch Pines Village Lllp
—
Deed Of Trust
related
$5,800,000 · Bank Of Colorado
—
—
Scotch Pines Village Lllp
—
Loan Modification
related
—
—
—
Scotch Pines Village Lllp
—
Loan Modification
related
—
—
—
Scotch Pines Village Lllp
—
Loan Modification
related
—
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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