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    460 College Ave, Unit 2 Fort Collins, CO 80524-2992
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    460 College Ave, Unit 2 Fort Collins, CO 80524-2992

    View on Map
    • Retail space
    • 7,291 SF
    • 0.32 lot acres
    Off-Market
    Last Sale Dec 11, 2020
    Property ID
    US13-0548346
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wells Fargo Bank / Bank / Loan Service
    • TARGET PARKING LOT / Parking Lot & Garage
    • Saint Michael Church / Church
    • Target Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Pure Green - Juice Bar Fort Collins / Specialty Food Shop / (Bike/Boat/Book/etc) Store

    Property Details for 460 College Ave

    Year built
    1988
    Lot size
    0.32 lot acres
    Property size
    7,291 SF
    Property type
    Retail space
    APN
    97123-65-002
    APU
    9712365002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,835,000
      6.5%
      $1,690,000
      7%
      $1,570,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,176,000
      Market price range: $534k - $1.52M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,420,000
      Current use
      MEDICAL BUILDING
      $2,485,000
      Change: +3% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,405,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $2,305,000
      Change: -5% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.077
    Latitude
    40.5825
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,914
    $134,171
    $377,208
    $511,379
    -
    $480,900
    $1,352,000
    $1,832,900

    Comparable in this City

    • Value Estimation by Request
      1,189 SF

      123 College Ave Ste, Unit 106

      RETAIL STORES (PERSONAL SERVICES) • 1,189 SF
      123 College Ave Ste, Fort Collins, CO 80524-2489
      View Details
    • Value Estimation by Request
      1,466 SF

      131 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,466 SF
      131 College Ave, Fort Collins, CO 80524-2808
      View Details
    • Value Estimation by Request
      384 SF

      920 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 384 SF
      920 College Ave, Fort Collins, CO 80524-1206
      View Details
    • Value Estimation
      $1,300,000
      2,500 SF

      153 Mtn Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      153 Mtn Ave, Fort Collins, CO 80524-2822
      View Details
    • Value Estimation
      $690,000
      2,180 SF

      123 College Ave Ste, Unit 150

      RETAIL STORES (PERSONAL SERVICES) • 2,180 SF
      123 College Ave Ste, Fort Collins, CO 80524-2495
      View Details
    • Value Estimation
      $1,960,000
      7,670 SF

      140 Oak St Ste, Unit 230

      RETAIL STORES (PERSONAL SERVICES) • 7,670 SF
      140 Oak St Ste, Fort Collins, CO 80524-7141
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Mixed-use buildings on 0.41 acres with high traffic frontage.
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      Historic Retail Space in Downtown

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      Fort Collins Retail Opportunity

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      Fort Collins Wendy's Portfolio

      High-performing Wendy's portfolio near the University in Fort Collins.
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      Redevelopment Project with Retail Space

      1.74-acre redevelopment with senior living and retail space.
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      1,096 SF

      Iconic Opera Galleria Retail/Office Space

      Highly visible street-level space in Fort Collins' vibrant district.
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    Similar Nearby for Lease

    • $32 SF/Yr
      915 SF

      Retail/Office Space Old Town Square

      Prime retail or office space in Old Town Square.
      1 Old Town Sq, Fort Collins, CO 80524
      View Details
    • Contact for pricing
      2,883 SF

      Retail Space in Fort Collins

      Retail space available in a King Soopers anchored shopping center.
      1856 N College Ave, Fort Collins, CO 80524
      View Details
    • $33 SF/Yr
      1,680 SF

      Historic Retail Space For Rent

      Retail space in historic building near amenities and parking.
      160 W Mountain Ave, Fort Collins, CO 80524
      View Details
    • $16 SF/Yr
      1,471 SF

      Retail Space Near King Soopers

      Highly visible retail space adjacent to King Soopers Marketplace.
      1612 N College Ave, Fort Collins, CO 80524
      View Details
    • Contact for pricing
      1,835 SF

      Retail Space on Linden Street

      Retail space available for lease in Fort Collins, Colorado.
      239-241 Linden St, Fort Collins, CO 80524
      View Details
    • $26 SF/Yr
      300 SF

      Retail Space in Old Town

      Retail spaces for lease in vibrant Old Town Fort Collins.
      200-272 Pine St, Fort Collins, CO 80524
      View Details
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    Fort Collins, CO 80524-2992
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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