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    5846 College Ave Fort Collins, CO 80525-3950
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    Property profile & analytics

    5846 College Ave, Fort Collins, CO 80525-3950

    View on Map
    • Retail space
    • 4,311 SF
    • 1.02 lot acres
    Off-Market
    Last Sale Dec 31, 2024
    $1,300,000
    Property ID
    US13-0063732
    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
    $1,300,000
    Show details
    Cap Rate Potential
    5%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • 287 Craft Spirits / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • GetCoins Bitcoin ATM / Crypto Atm

    Property Details for 5846 College Ave

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    1.02 lot acres
    Property type
    Retail space
    APN
    96122-05-030
    APU
    9612205030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 31, 2024 $1,300,000 Sana Property Management INC Aldrete Properties LLC Special Warranty Deed $1.2M · Hanmi Bank
    Aug 9, 2021 $1,100,000 Aldrete Properties LLC Ravenwood Properties LLC Special Warranty Deed $1.3M · Hanmi Bank
    Aug 16, 2018 — Ravenwood Properties LLC — Deed · related $732k · Anb Bank
    Aug 3, 2006 $860,000 Ravenwood Properties LLC Kraus Coml Prop Group LLC Warranty Deed $778k · Business Loan Center INC
    — — Kraus Coml Prop Group LLC — Deed Of Trust · related $455k · Western State Bank
    — — Ravenwood Properties LLC — Deed Of Trust · related $732k · Anb Bk
    — — Kraus Coml Prop Group LLC — Deed Of Trust · related $450k · George A JR Kraus
    — — Ravenwood Properties LLC — Deed Of Trust · related $161k · Capital W Bk
    — — Ravenwood Properties LLC — Deed Of Trust · related $720k · Capital W Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,300,000
      ML approach
      $1,300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,085,000
      6.5%
      $1,000,000
      7%
      $930,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,454,000
      Market price range: $770k - $1.45M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,155,000
      Current use
      MEDICAL BUILDING
      $1,440,000
      Change: +25% Conversion: Difficult
      OFFICE BUILDING
      $1,160,000
      Change: +0% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,050,000
      Change: -9% Conversion: Difficult

    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
    40.5047
    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
    $31,584
    $86,323
    $261,256
    $347,579
    -
    $309,400
    $936,400
    $1,245,800

    Comparable in this City

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    • Value Estimation by Request
      2,975 SF

      1634 College Ave

      RETAIL STORES (PERSONAL SERVICES)
      1634 College Ave, Fort Collins, CO 80525-1007
      View Details
    • Value Estimation
      $590,000
      1,530 SF

      140 Boardwalk Dr, Unit M

      RETAIL STORES (PERSONAL SERVICES)
      140 Boardwalk Dr, Fort Collins, CO 80525-3153
      View Details
    • Value Estimation by Request
      2,078 SF

      1606 Lemay Ave Ste, Unit 103

      RETAIL STORES (PERSONAL SERVICES)
      1606 Lemay Ave Ste, Fort Collins, CO 80525-1380
      View Details
    • Value Estimation
      $755,000
      4,785 SF

      Fort

      RETAIL STORES (PERSONAL SERVICES)
      Fort, Collins, CO 80525
      View Details
    • Value Estimation by Request
      921 SF

      140 Boardwalk Dr, Unit D

      RETAIL STORES (PERSONAL SERVICES)
      140 Boardwalk Dr, Fort Collins, CO 80525-3153
      View Details

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    • Contact for pricing
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      Retail Space Near King Soopers

      Retail spaces for lease near King Soopers and CSU.
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      7,616 SF

      High-Visibility Commercial Space For Sale

      Commercial property with high traffic exposure in Fort Collins, CO.
      5924 S College Ave, Fort Collins, CO 80525
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    • $2,500,000

      Harmony Road Development Opportunity

      Highly visible commercial land for retail or office development.
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      24,000 SF

      Industrial Building Near I-25

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    Similar Nearby for Lease

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      Fort Collins Retail Space Available

      Prime storefront, high traffic, 1,350 SF vacant.
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      View Details
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      Retail Space in Arbor Plaza

      Retail or office space in high-traffic Fort Collins location.
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      New Retail & Restaurant Space

      New retail and restaurant spaces for lease in Fort Collins.
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      Retail Space in Harmony Marketplace

      Retail space available in Fort Collins' dominant community center.
      356 E Harmony Rd, Fort Collins, CO 80525
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      Retail Space in Arbor Plaza

      High-traffic retail or office space in Fort Collins.
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      View Details
    • $12 SF/Yr
      33,977 SF

      Fort Collins Retail/Industrial Space

      9768 SF retail/industrial building for lease in Fort Collins.
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      View Details
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    5846 College Ave
    Fort Collins, CO 80525-3950
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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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