For Lease
1 / 5
$20 SF/Yr
419 Canyon Ave, Fort Collins, CO 80521
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Estimated value (blended)
$5.61M
Range $5.04M – $6.17M (±10%)
Property ID
US13-0032861
Property summary
AI-generated overview
This exceptional three-story, 2,998 square foot office building at 419 Canyon Avenue in Fort Collins, Colorado, presents a unique leasing opportunity. Built in 1982 and extensively renovated in 2015, the property boasts a Class B designation and offers a single-tenant occupancy. The building features convenient covered parking (2.5 spaces per 1,000 square feet) located primarily on the ground floor, along with a welcoming entry lobby and elevator access to the upper floors. The second and third floors comprise finished office suites, each with shared lobbies, corridors, restrooms, and balconies. This prime location places the building between Old Town Square and Colorado State University, providing easy walking access to numerous restaurants and businesses in the vibrant Old Town area. The entire 2,998 square feet is currently vacant and ready for immediate occupancy. The property's zip code is 80521. This is an ideal space for a business seeking a well-maintained, conveniently located office in a thriving Colorado community.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
STEEL FRAME
Total area
26,596 SF
Lot
0.61 ac (26,746 SF)
APN
97114-29-003
UPID
US13-0032861
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
-
Financial Advisor
-
Landscaping (Bike/Boat/Book/etc) Store
-
Interior Designer Kitchen Remodeler
-
Architect
-
Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.13M
Comparable Approach
Comparable
$4.57M
Blend (final)
Blend
$5.61M
Owner & transaction history
since 2025
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Medical building
$9.1M
+76.3%
Apartment house (5+ units)
$8.8M
+70.8%
Retail stores
$7.7M
+50.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
7 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$5.61M
Value range
$5.04M – $6.17M
±10% around blend
Estimated value / SF
$211 / SF
Confidence
None
1 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
10
Income certainty
100
$5.04M
blend $5.61M
$6.17M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
26,596 SF
Lot area
0.61 ac
Year built
1982
Stories
3
APN
97114-29-003
Assessed value
$1,402,209
Annual tax
$111,272
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.13M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.64M
@ 6.5% CAP return
$6.13M
@ 7% CAP return
$5.69M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$111,272
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.57M
Weighted, 0 comps · none confidence
Evidence
1 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.61M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$193
+9%
Submarket 174 sales
$247
-15%
County 257 sales
$233
-10%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $211/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+76%
vs current-use indication
Apartment House (5+ Units)
Retail Stores
Auto Repair, Garage
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 1 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
210,345.00%
Selected cap rate for this office buildings
Derived from the Fort Collins market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$42k *
Last sale · Dec 2025
$6.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$20
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
210,344.50%210,345.00%210,345.50%
$38k
$17
$17
$17
$42k
$20
$20
$19
$46k
$22
$22
$21
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
1 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$111,272
Tax year 2023
Assessed value
$1,402,209
Assessed 2023
Previous assessed
$1,177,342
+19.1% YoY
Effective rate
7.94%
On assessed value
Assessed land
$223,741
Assessed improvement
$1,178,468
Land market value
$801,940
Improvement market value
$4,223,900
Total market value
$5,025,840
Applied tax rate
1,109.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1982
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Total area
26,596 SF
Lot
0.61 ac (26,746 SF)
APN
97114-29-003
UPID
US13-0032861
Jurisdiction
LARIMER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
0.61 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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