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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Warehouses
6004 College Ave Fort Collins, CO 80525-3935
Entity Owned
Free & Clear
Property ID
US13-0038774
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Construction
STEEL FRAME
Total area
7,200 SF
Lot
1.17 ac (50,965 SF)
APN
96122-05-024
UPID
US13-0038774
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
-
BMW Billiards (Bike/Boat/Book/etc) Store
-
Aqua Spas (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.43M
Owner & transaction history
Spas R Us LLC
Spas R Us LLC
since 2026
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+45.9%
Retail stores
$1.9M
+45.3%
Auto repair, garage
$1.8M
+32.5%
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
$1,400,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
$1,280,000
6.5%
$1,180,000
7%
$1,095,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,325,000
Current use
OFFICE BUILDING
$1,935,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$1,925,000
Change: +45% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,755,000
Change: +32% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,170,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10% · vs last sale $1.75M (Feb 23 2026)
Last sale anchor
$1.75M
Feb 23 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
$198 / 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
$26,248
Tax year 2023
Assessed value
$290,271
Assessed 2023
Previous assessed
$211,700
+37.1% YoY
Effective rate
9.04%
On assessed value
Assessed land
$99,519
Assessed improvement
$190,752
Land market value
$356,700
Improvement market value
$683,700
Total market value
$1,040,400
Applied tax rate
1,107.0000
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
1980
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
7,200 SF
Lot
1.17 ac (50,965 SF)
APN
96122-05-024
UPID
US13-0038774
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
$1.3M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
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
1980
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Spas R Us LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3615 W BOWLES AVE, LITTLETON, CO 80123-7922
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2026
$1,750,000
Spas R Us LLC
5900 LLC
Special Warranty Deed
—
Aug 27, 2025
—
Spas R Us LLC
—
Deed
related
$1,176,316 · 59900 LLC
Aug 22, 2025
—
5900 LLC
Delkevic Us LLC
Quitclaim Deed
related
—
Jun 14, 2022
$1,150,000
Delkevic Us LLC
College Warehouse LLC
Warranty Deed
$1,035,000 · Points West Community Bank
Jun 14, 2022
—
College Warehouse LLC
S Jjones 300 LP
Warranty Deed
—
May 5, 2017
—
College Warehouse LLC
S Jones 300 LP
Quit Claim Deed
related
—
Oct 11, 2016
$300,000
Gary Benson
Sheriff Of Larimer County
Certificate Of Purchase
related
—
Mar 19, 2007
$12,107
Gary L Benson
Treasurer Of Larimer County
Redemption Deed
—
Nov 29, 2006
$11,383
Reid John E Tr
Treasurer Of Larimer County
Trustees Deed
—
—
—
Gary L Benson
—
Deed Of Trust
related
$245,000 · Western State 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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