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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Retail space
304 Prospect Rd Fort Collins, CO 80526-2041
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0919010
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
WOOD FRAME
Total area
8,550 SF
Lot
1.25 ac (54,450 SF)
APN
97144-08-016
UPID
US13-0919010
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
-
Classic Nails Nail Salon
-
Prospect Plaza Apartments Apartment Building
-
Kindred Souls Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$883k
Blend (final)
Blend
$1.36M
Owner & transaction history
Board Of Governors Of Co St Univ Sy · 1 yrs held
Board Of Governors Of Co St Univ Sy
since 2024
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,110,000
Change: -15% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,085,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$159 / 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
$22,135
Tax year 2023
Assessed value
$390,600
Assessed 2023
Previous assessed
$327,256
+19.4% YoY
Effective rate
5.67%
On assessed value
Assessed land
$292,950
Assessed improvement
$97,650
Land market value
$1,050,000
Improvement market value
$350,000
Total market value
$1,400,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
8,550 SF
Lot
1.25 ac (54,450 SF)
APN
97144-08-016
UPID
US13-0919010
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
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1965
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Board Of Governors Of Co St Univ Sy
Entity
Mailing address
PO BOX 483, FORT COLLINS, CO 80522-0483
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
—
Board Of Governors Of Co St Univ Sy
Colorado State University Research
Warranty Deed
—
Dec 19, 2018
—
Colorado St Unvi Research Foun
—
Trustees Deed
related
$3,000,000 · First Nat'l Bk/omaha
Jul 20, 2015
—
Colorado St Univ Research Foun
—
Deed Of Trust
related
$8,999,900 · First Nat'l Bk/omaha
Jan 7, 2015
—
Colorado St Univ Research Foun
—
Loan Modification
related
$7,475,000 · First Nat'l Bk/omaha
Sep 12, 2014
—
Colorado St Univ Research Foun
—
Grant Deed
related
$2,499,877 · First Nat'l Bk/omaha
Feb 25, 2014
—
Colorado St Univ Research Foun
—
Grant Deed
related
$7,150,000 · First Nat'l Bk/omaha
—
—
Colorado St Univ Research Foun
—
Deed Of Trust
related
$11,300,000 · First National Bank Omaha
—
—
Colorado St Univ Research Foun
—
Deed Of Trust
related
$3,000,000 · First National Bank Omaha
—
—
Colorado St Univ Research Foun
—
Deed Of Trust
related
—
—
—
Colorado St Univ Research Foun
—
Deed Of Trust
related
$2,200,000 · First National Bank Omaha
—
—
Colorado St Univ Research Foun
—
Deed Of Trust
related
$8,500,000 · First Nat'l Bk/omaha
—
—
Colorado St Univ Research Foun
—
Deed Of Trust
related
$3,452,906 · First National Bank Omaha
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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