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Property profile & analytics
OFF-MARKET
Estimated value
$6,985,000
Manufacturing properties
4862 Innovation Dr, Fort Collins, CO 80525-5551
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2485114
Property summary
AI-generated overview
This exceptional Class A office and flex space, located at 4862 Innovation Drive in Fort Collins, Colorado, offers a unique opportunity for businesses seeking high-quality accommodations. Situated within the Oakridge Business Park, this 37,993 square foot building boasts a prime location adjacent to the Harmony Corridor, providing convenient access to a wide array of restaurants, hotels, and retail amenities. Built in 2005 and renovated in 2019, the property features 16-foot ceilings, creating a spacious and modern work environment. The building offers multiple tenancy options, with a minimum divisible space of 2,740 square feet and a maximum contiguous space of 11,364 square feet
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,960 SF
Lot
1.01 ac (44,213 SF)
APN
86061-30-003
UPID
US13-2485114
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
-
Baseline Engineering Corporation Civil Engineer Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.48M
CAP Approach
CAP
$5.88M
Comparable Approach
Comparable
$6.46M
Blend (final)
Blend
$6.99M
Owner & transaction history
Legasea Innovation LLC · 4 yrs held
Legasea Innovation LLC
since 2022
Last sale
$7.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.2M
+65.0%
Retail stores
$10.2M
+64.3%
Auto repair, garage
$9.3M
+49.8%
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
$8,520,000
ML approach
$7,480,000
CAP Approach
CAP Return
Estimation
6%
$6,365,000
6.5%
$5,875,000
7%
$5,455,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,180,000
Current use
OFFICE BUILDING
$10,195,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$10,155,000
Change: +64% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,260,000
Change: +50% · Conversion: Easy
WAREHOUSE, STORAGE
$6,990,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$6.99M
Range $6.29M – $7.68M · ±10% · vs last sale $7.00M (Jul 1 2022)
Last sale anchor
$7.00M
Jul 1 2022
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
$184 / 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
$171,931
Tax year 2023
Assessed value
$1,883,250
Assessed 2023
Previous assessed
$1,929,080
-2.4% YoY
Effective rate
9.13%
On assessed value
Assessed land
$170,302
Assessed improvement
$1,712,948
Land market value
$610,400
Improvement market value
$6,139,600
Total market value
$6,750,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
37,960 SF
Lot
1.01 ac (44,213 SF)
APN
86061-30-003
UPID
US13-2485114
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
INDUSTRIAL (GENERAL) Current
Est. value
$6.2M
OFFICE BUILDING
Est. value
$10.2M
RETAIL STORES
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$9.3M
WAREHOUSE, STORAGE
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Legasea Innovation LLC
Entity
Mailing address
PO BOX 248, DACONO, CO 80514-0248
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
—
Legasea Innovation LLC
—
Deed
related
$280,000 · Corefirst Bank & Trust
Jul 1, 2022
$7,000,000
Legasea Innovation LLC
4862 Innovation LLC
Special Warranty Deed
$5,869,146 · Corefirst Bank & Trust
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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