Property profile

3809 East Mulberry St Fort Collins, CO 80524

FOR SALE
Retail space
Property ID
US13-0616974
1,512 SF 0.85 ac lot Built 1966
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.85-acre commercial land parcel at 3809 E. Mulberry Street in Fort Collins, Colorado, presents a prime development opportunity. Zoned Commercial Corridor in Larimer County, this property boasts high visibility on a major thoroughfare connecting I-25 to downtown Fort Collins. The site includes a 1,500 square foot building, perfect for repurposing or redevelopment. Its strategic location near American Furniture Warehouse and several hotels ensures high traffic counts and excellent visibility. The surrounding area demonstrates robust growth, with a 3-mile radius encompassing 5141 residents, 423 businesses, and 6098 employees. The average household income in Northern Colorado exceeds $122,000, indicating strong consumer spending power. Convenient access to I-25, downtown Fort Collins, Loveland (14-minute drive), and Greeley (7-minute drive) further enhances its appeal. The property is currently listed at $875,000 and has a 2023 property tax assessment of $22,179. City of Fort Collins annexation is planned, promising future development benefits. This is a rare chance to establish a thriving business in a high-growth area with strong demographics and excellent connectivity.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1966
Construction WOOD FRAME
Total area 1,512 SF
Lot 0.85 ac (37,026 SF)
APN 87161-00-039
UPID US13-0616974

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
  • Business Management Consultant

Location

3809 East Mulberry St Fort Collins, CO 80524
Fort Collins metro Census 1601 FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$770k
Blend (final) Blend
$745k

Owner & transaction history

since 2021
Last sale
$750,000
1 recorded transaction
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $515,000 +2.6%

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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More about this property
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