Property profile

3541 Harmony Rd Fort Collins, CO 80528

OFF-MARKET
Turn key restaurants
Property ID
US13-2315542
8,101 SF 0.87 ac lot Built 2016
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A, 25,701 square-foot retail center in Fort Collins, Colorado, presents a compelling investment opportunity. Located at 3541 & 3581 E Harmony Rd, this stabilized property boasts a 7.24% cap rate and a strong NOI of $1,042,311. Built in 2017, the two single-story buildings house ten tenants across a diverse, internet-resistant mix, primarily focused on food and beverage, with no large-format box spaces. The property benefits from a prime location on Harmony Road, a major east-west arterial with approximately 102,000 vehicles passing daily, and is situated within the 105-acre Harmony Technology Park, surrounded by significant employers including Intel, Banner Medical Center, HP, and Broadcom. The area demonstrates robust demographics, with 52,000 residents within a 3-mile radius and an average household income of $144,000. The property's strategic location, one mile from I-25, ensures excellent accessibility. With a 100% occupancy rate and built-in rent bumps, this NNN-leased multi-tenant property offers a secure and lucrative investment. The weighted average remaining lease term is slightly over four years, providing long-term stability. The modern architecture and efficient layout, including attractive outdoor seating areas, contribute to the property's appeal. The property's proximity to Fossil Ridge High School and other schools further enhances its desirability. The asking price is $14,400,000, representing a price per square foot of $560.29. This is a rare opportunity to acquire a high-performing retail asset in a thriving Colorado market.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2016
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,101 SF
Lot 0.87 ac (37,941 SF)
APN 86042-15-003
UPID US13-2315542

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Take-out & Catering Catering Service

Location

3541 Harmony Rd Fort Collins, CO 80528-8816
Fort Collins metro Census 1605 FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$14.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$14.00M

Owner & transaction history

since 2024
Last sale
$14.0M
3 recorded transactions
2024
$14.0M
2018
$8.9M
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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