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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Office buildings
418 Howes St Fort Collins, CO 80521-2802
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1233166
Property summary
AI-generated overview
This exceptional 6,448 square foot, two-story office building at 418 S Howes St in Fort Collins, Colorado, offers a unique leasing opportunity. Built in 1964 and situated in the desirable Downtown District of Larimer County (zip code 80521), this property boasts a variety of office spaces, perfect for businesses seeking flexible layouts. The building features a mix of traditional, executive, and creative office spaces, ranging from 100 to 4,739 square feet, currently offering 4,739 square feet of vacant space available for lease starting September 1st. Amenities include eight or more private offices, multiple open-plan workspaces, a conference room, a kitchen, private restrooms, a pleasant open-air balcony, and secure storage. The property also provides convenient on-site parking with 28 spaces included in the lease. This prime location in Old Town Fort Collins offers unparalleled access to local amenities and a vibrant business community. The building is zoned for Downtown District use. Leasing options include individual offices or the entire available space. Contact us for detailed pricing and availability.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
WOOD FRAME
Total area
5,245 SF
Lot
0.22 ac (9,583 SF)
APN
97114-26-011
UPID
US13-1233166
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
-
Mobile App Development (Bike/Boat/Book/etc) Store Corporate Office
-
Clay Pot Creative Marketing & Advertising Advertising Agency
-
Cohere Coworking Coworking & Hybrid Office
-
Cohere, LLC Coworking & Hybrid Office
-
Restorative Soul Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$1.24M
Owner & transaction history
418 South Howes Investment LLC · 1 yrs held
418 South Howes Investment LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+76.3%
Apartment house (5+ units)
$1.7M
+70.8%
Retail stores
$1.5M
+50.3%
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
$1,105,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,120,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,015,000
Current use
MEDICAL BUILDING
$1,790,000
Change: +76% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,730,000
Change: +71% · Conversion: Easy
RETAIL STORES
$1,525,000
Change: +50% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,280,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$965,000
Change: -5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$855,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.25M (May 2 2025)
Last sale anchor
$1.25M
May 2 2025
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
$235 / 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
$20,107
Tax year 2023
Assessed value
$207,019
Assessed 2023
Previous assessed
$190,124
+8.9% YoY
Effective rate
9.71%
On assessed value
Assessed land
$66,263
Assessed improvement
$140,756
Land market value
$237,500
Improvement market value
$504,500
Total market value
$742,000
Applied tax rate
1,110.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
5,245 SF
Lot
0.22 ac (9,583 SF)
APN
97114-26-011
UPID
US13-1233166
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 Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$965,000
INDUSTRIAL (GENERAL)
Est. value
$855,000
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1964
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
418 South Howes Investment LLC
Entity
Mailing address
125 S HOWES ST STE #500, FORT COLLINS, CO 80521-2743
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 2, 2025
$1,250,000
418 South Howes Investment LLC
Jama Howes LLC
Warranty Deed
$1,714,622 · Bank Of Colorado
Aug 14, 2018
—
Jama-howes LLC
—
Deed
related
$495,000 · Bank Of Co
Apr 10, 2018
—
Jama-howes LLC
—
Deed
related
$495,000 · Bank Of Co
Oct 19, 2009
—
Natl Bk First
Public Trustee Of Larimer County
Trustees Deed
related
—
Sep 25, 2009
$1,125,000
Peterson Street Ptrs LLC
Public Trustee Of Larimer County
Certificate Of Purchase
$1,301,456
Jun 15, 2006
$1,725,000
Peterson Street Partners LLC
Mulberry Partners LLC
Warranty Deed
—
Apr 28, 2004
—
Mulberry Partners LLC
Mulberry
Quit Claim Deed
related
—
—
—
Jama-howes LLC
—
Deed Of Trust
related
$495,000 · Bank Of Co
—
—
Jama-howes LLC
—
Deed Of Trust
related
$495,000 · Bank Of Co
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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