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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Warehouses
4700 Innovation Dr 2 Fort Collins, CO 80525-6253
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-1076321
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,248 SF
Lot
1.25 ac (54,450 SF)
APN
86061-55-002
UPID
US13-1076321
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
-
Advantest, Inc. Factory Production Facility
-
Spacecon Specialty Contractors Hardware & Home Improvement Interior Design
-
Bryan Construction, Inc. Construction Company
-
Bryan Construction Construction Company
-
PetDine LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$2.35M
Owner & transaction history
Highland Properties 3224 LLC · 1 yrs held
Highland Properties 3224 LLC
since 2024
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+81.7%
Apartment house (5+ units)
$3.4M
+79.4%
Office building
$2.8M
+45.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,820,000
6.5%
$1,680,000
7%
$1,560,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,885,000
Current use
MEDICAL BUILDING
$3,425,000
Change: +82% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,385,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$2,755,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$2,740,000
Change: +45% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,500,000
Change: +32% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,670,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.00M (Sep 20 2024)
Last sale anchor
$2.00M
Sep 20 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
$229 / 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
$64,496
Tax year 2023
Assessed value
$714,826
Assessed 2023
Previous assessed
$522,029
+36.9% YoY
Effective rate
9.02%
On assessed value
Assessed land
$212,682
Assessed improvement
$502,144
Land market value
$762,300
Improvement market value
$1,799,800
Total market value
$2,562,100
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
10,248 SF
Lot
1.25 ac (54,450 SF)
APN
86061-55-002
UPID
US13-1076321
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
$1.9M
MEDICAL BUILDING
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Highland Properties 3224 LLC
Entity
Mailing address
77 W WACKER DR, 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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$2,000,000
Highland Properties 3224 LLC
Archer Daniels Midland Company
Special Warranty Deed
$1,000,000 · Firstbank
Oct 7, 2021
$3,386,000
Archer Daniels Midland Company
Innovation Trree LLC
Special Warranty Deed
—
Jun 8, 2021
—
Innovation Three LLC
Petdine Properties LLC
Quit Claim Deed
related
—
Nov 6, 2020
—
Innovation One LLC
—
Deed
related
$1,400,000 · Ross Family Partners One LLC
Oct 25, 2018
$1,800,000
Petdine Properties LLC
Corcoran,kevin P
Grant Deed
$1,442,922 · Sauk Vly Bk&tr
—
—
Innovation One LLC
—
Deed Of Trust
related
$1,400,000 · Ross Family Partners One LLC
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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