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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Residential income homes
403 Thunderbird Dr Fort Collins, CO 80525-2122
Individually Owned
4-yr Hold
Property ID
US13-2432272
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1970
Construction
FRAME
Total area
3,464 SF
Lot
0.29 ac (12,632 SF)
APN
97252-30-007
UPID
US13-2432272
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$870k
Owner & transaction history
Restoration Mllc · 4 yrs held
Restoration Mllc
since 2022
Last sale
$840,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+1.3%
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
$1,020,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$715,000
7%
$660,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,145,000
Current use
MEDICAL BUILDING
$1,160,000
Change: +1% · Conversion: Moderate
OFFICE BUILDING
$930,000
Change: -19% · Conversion: Moderate
RETAIL STORES
$925,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $840k (May 24 2022)
Last sale anchor
$840k
May 24 2022
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
$251 / 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
$4,844
Tax year 2023
Assessed value
$56,749
Assessed 2023
Previous assessed
$56,749
+0.0% YoY
Effective rate
8.54%
On assessed value
Assessed land
$13,400
Assessed improvement
$43,349
Land market value
$200,000
Improvement market value
$647,000
Total market value
$847,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
HOT WATER
Cooling
WALL UNIT
Stories
1
Units
4
Bathrooms
4
Total area
3,464 SF
Lot
0.29 ac (12,632 SF)
APN
97252-30-007
UPID
US13-2432272
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$930,000
RETAIL STORES
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
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
1970
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
4
Bathrooms
4
Lot
0.29 ac
Current owner
From public records · entity-resolved
Restoration Mllc
Individual
Mailing address
PO BOX 270695, FORT COLLINS, CO 80527-0695
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
$840,000
Restoration Mllc
Michael Wildt
Warranty Deed
$605,066 · Alpine Bank
Apr 17, 2009
$356,200
Michael Wildt
Daniel L Oakleaf
Warranty Deed
$267,150 · The Group Guaranteed Mortgage
May 22, 2007
—
Daniel L Oakleaf
Hud-housing Of Urban Dev
Grant Deed
—
Jan 2, 2007
$325,859
Hud
Public Trustee Of Larimer County
Trustees Deed
related
—
Jul 14, 2006
$325,859
Countrywide Home Loans INC
Public Trustee Of Larimer County
Trustees Deed
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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