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Property profile & analytics
OFF-MARKET
Warehouses
5416 Vardon Way Fort Collins, CO 80528-9114
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US13-1291863
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
WOOD FRAME
Total area
2,640 SF
Lot
132.51 ac (5,772,136 SF)
APN
86144-06-002
UPID
US13-1291863
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
-
Ptarmigan Golf Course Golf Course
-
Todd Edwards Tennis Academy | Serve It Up Tutoring Service Sports School
-
Ptarmigan Country Club Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ptarmigan Acquisition LLC · 21 yrs held
Ptarmigan Acquisition LLC
since 2004
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$42,589
Tax year 2023
Assessed value
$429,772
Assessed 2023
Previous assessed
$491,057
-12.5% YoY
Effective rate
9.91%
On assessed value
Assessed land
$91,596
Assessed improvement
$338,176
Land market value
$328,300
Improvement market value
$1,212,100
Total market value
$1,540,400
Applied tax rate
19,240.0000
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
1988
Construction
WOOD FRAME
Heating
SPACE
Buildings
3
Stories
1
Total area
2,640 SF
Lot
132.51 ac (5,772,136 SF)
APN
86144-06-002
UPID
US13-1291863
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
Building & site characteristics
From public records
Year built
1988
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Buildings
3
Lot
132.51 ac
Current owner
From public records · entity-resolved
Ptarmigan Acquisition LLC
Entity
Mailing address
5416 VARDON WAY, FORT COLLINS, CO 80528-9114
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2010
—
Ptarmigan Acquisition LLC
—
Trustees Deed
related
$100,000 · Bank Of Co
Oct 12, 2004
$4,795,624
Ptarmigan Acquisition LLC
Ptarmigan Club LLC
Trustees Deed
related
$4,949,000 · American National Bank & Trust
Oct 1, 2004
$4,795,600
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
$4,949,000 · American National Bank & Trust
—
—
Ptarmigan Acquisition LLC
—
Deed Of Trust
related
$488,889 · Bank Of Colorado
—
—
Ptarmigan Acquisition LLC
—
Deed Of Trust
related
$455,000 · Bank Of Colorado
—
—
Ptarmigan Acquisition LLC
—
Loan Modification
related
—
—
—
Ptarmigan Acquisition LLC
—
Loan Modification
related
—
—
—
Ptarmigan Acquisition LLC
—
Deed Of Trust
related
$2,000,406 · Bank Of Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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