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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Medical Office Space
4745 Boardwalk Dr C2 Fort Collins, CO 80525-3769
Entity Owned
~
Est. High Equity
Property ID
US13-0361731
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,395 SF
Lot
0.09 ac (3,920 SF)
APN
96011-92-002
UPID
US13-0361731
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
-
Dr. Benjamin L. Galyardt Alternative Medicine Practice
-
Jonathan M Anderson DDS Dental Office
-
Michael Lee Pustilnik Alternative Medicine Practice
-
Dr. Michael Pustilnik Alternative Medicine Practice
-
Ulibarri Family Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$789k
Blend (final)
Blend
$760k
Owner & transaction history
Horton Dds LLC
Horton Dds LLC
since 2026
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$750,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$515,000
7%
$475,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$800,000
Current use
OFFICE BUILDING
$645,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $1.05M (Jan 16 2026)
Last sale anchor
$1.05M
Jan 16 2026
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
$317 / 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
$16,653
Tax year 2023
Assessed value
$190,780
Assessed 2023
Previous assessed
$190,780
+0.0% YoY
Effective rate
8.73%
On assessed value
Assessed land
$45,923
Assessed improvement
$144,857
Land market value
$164,600
Improvement market value
$519,200
Total market value
$683,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
2,395 SF
Lot
0.09 ac (3,920 SF)
APN
96011-92-002
UPID
US13-0361731
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
MEDICAL BUILDING Current
Est. value
$800,000
OFFICE BUILDING
Est. value
$645,000
MEDICAL BUILDING Current
OFFICE BUILDING
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Horton Dds LLC
Entity
Mailing address
4745 BOARDWALK DR UNIT C2, FORT COLLINS, CO 80525-3769
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Jan 16, 2026
$1,050,000
Horton Dds LLC
Smile High Trust
Warranty Deed
$1,061,104 · Commerce Bank
Feb 8, 2021
$725,000
Smile High Trust
Jan Spruill
Special Warranty Deed
$860,000 · The Huntington National Bank
Jul 10, 2020
—
Jan Spruill
—
Deed
related
$456,675 · Adams Bk&tr
Jul 6, 2017
—
Jan Spruill
—
Deed
related
$383,000 · Anb Bank
—
—
Jan Spruill
—
Deed Of Trust
related
$456,675 · Adams Bk&tr
—
—
Jan Spruill
—
Deed Of Trust
related
$455,000 · Compass Bank
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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