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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Warehouses
4500 Innovation Dr Fort Collins, CO 80525-3407
Entity Owned
1-yr Hold
Free & Clear
Property ID
US13-0590195
Property summary
AI-generated overview
This 10,937-square-foot Class B industrial warehouse, located at 4500 Innovation Drive in Fort Collins, Colorado, offers a prime location for distribution and warehouse operations. Built in 1979, the property features 18-foot ceilings, providing ample vertical storage space. Access is convenient via two dock-high doors and one drive-in door. The building boasts 600 amps at 480 volts and 200 amps at 208 volts of power. Radiant heat is installed throughout. The property is zoned HC and situated in Larimer County, zip code 80525. Its strategic location offers easy access to Interstate 25 and Highway 287, placing it within close proximity to major employers and amenities, including Hewlett Packard, Intel, UCHealth Harmony Campus, Front Range Village, Safeway Center, Banner Health, and Oakridge Business Park. A security system is in place for added peace of mind. This single-tenant property presents a compelling opportunity for businesses seeking efficient and well-located warehouse space in a thriving Colorado market. The property is ideal for a variety of industrial uses.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,937 SF
Lot
0.78 ac (33,890 SF)
APN
87314-06-009
UPID
US13-0590195
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
$1.38M
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.67M
Owner & transaction history
Mack Real Estate LLC · 1 yrs held
Mack Real Estate LLC
since 2024
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+32.5%
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
$1,415,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
$1,945,000
6.5%
$1,795,000
7%
$1,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,015,000
Current use
AUTO REPAIR, GARAGE
$2,665,000
Change: +32% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,780,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±10% · vs last sale $1.75M (Sep 30 2024)
Last sale anchor
$1.75M
Sep 30 2024
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
$153 / 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
$37,440
Tax year 2023
Assessed value
$418,472
Assessed 2023
Previous assessed
$348,000
+20.3% YoY
Effective rate
8.95%
On assessed value
Assessed land
$94,553
Assessed improvement
$323,919
Land market value
$338,900
Improvement market value
$1,161,000
Total market value
$1,499,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
10,937 SF
Lot
0.78 ac (33,890 SF)
APN
87314-06-009
UPID
US13-0590195
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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Mack Real Estate LLC
Entity
Free & Clear · 1 yrs held
Mailing address
77 W WACKER DR #7600, CHICAGO, IL 60601-1604
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
—
Mack Real Estate LLC
—
Deed
related
$1,312,500 · First National Bank
Dec 30, 2024
$1,750,000
Mack Real Estate LLC
Archer Daniels Midland Company
Special Warranty Deed
—
Oct 7, 2021
$1,367,000
Archer Daniels Midland Company
Innovation Drive LLC
Special Warranty Deed
—
Jun 25, 2020
$1,275,000
Innovation Drive LLC
Farmer Bros Co
Grant Deed
$1,180,000 · Sauk Vly Bk&tr
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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