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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6024 College Ave Fort Collins, CO 80525-3964

    • Warehouses
    • 12,960 SF
    • 0.98 lot acres
    OFF-MARKET
    Last Sale
    Aug 08, 2023
    $2,075,000
    Value Estimations
    $2,105,000
    Show details
    Cap Rate Potential
    5.4%
    Warehouses
    Location Intelligence
    Property ID
    US13-1680164
    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.

    Current Use by Public Records

    • Fort Collins Headshot Studio / Photography Studio / Photographer
    • Fort Collins 4x4 / Auto Repair Shop / Jeep Dealer

    Property Details for 6024 College Ave

    Year built
    1975
    Construction
    STEEL FRAME
    Lot size
    0.98 lot acres
    Property size
    12,960 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    96122-05-022
    APU
    9612205022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,545,000
      ML approach
      $2,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,300,000
      6.5%
      $2,125,000
      7%
      $1,975,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,141,000
      Market price range: $1.75M - $3.50M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,385,000
      Current use
      OFFICE BUILDING
      $3,480,000
      Change: +46% Conversion: Difficult
      RETAIL STORES
      $3,465,000
      Change: +45% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,160,000
      Change: +32% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,110,000
      Change: -12% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.077
    Latitude
    40.5022
    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
    $42,313
    $83,030
    $379,775
    $462,805
    -
    $297,600
    $1,361,200
    $1,658,800

    Comparable in this City

    • Value Estimation
      $1,505,000
      9,801 SF

      2000 Horsetooth Rd

      MINI-WAREHOUSE, STORAGE • 9,801 SF
      2000 Horsetooth Rd, Fort Collins, CO 80525-2942
      View Details
    • Value Estimation by Request
      3,375 SF

      5712 Bueno Dr

      MINI-WAREHOUSE, STORAGE • 3,375 SF
      5712 Bueno Dr, Fort Collins, CO 80525-3879
      View Details
    • Value Estimation by Request
      4,285 SF

      6108 College Ave, Unit 5

      MINI-WAREHOUSE, STORAGE • 4,285 SF
      6108 College Ave, Fort Collins, CO 80525-4676
      View Details
    • Value Estimation
      $920,000
      3,600 SF

      213 Smokey St

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      213 Smokey St, Fort Collins, CO 80525-3870
      View Details
    • Value Estimation
      $505,000
      4,000 SF

      5723 Bueno Dr

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      5723 Bueno Dr, Fort Collins, CO 80525-3878
      View Details
    • Value Estimation
      $800,000
      6,500 SF

      1961 Caribou Dr

      MINI-WAREHOUSE, STORAGE • 6,500 SF
      1961 Caribou Dr, Fort Collins, CO 80525-3478
      View Details

    Similar Nearby for Sale

    • $8,400,000
      24,000 SF

      I-25 & Prospect Road Industrial

      Fort Collins Industrial Space - New Construction
      0 Sec I-25 & Prospect Rd, Fort Collins, CO 80525
      View Details
    • $1,250,000
      5,790 SF

      Fort Collins Flex Space For Sale

      5,790 SF Flex/Warehouse, $1.25M
      5739 Bueno Dr, Fort Collins, CO 80525
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    • $8,400,000
      24,000 SF

      Industrial Building Near I-25

      Proposed 24,000 SF industrial building with I-25 visibility.
      1926 Se Frontage Rd, Fort Collins, CO 80525
      View Details
    • $1,050,000

      Fort Collins Flex/Industrial Building

      Single-tenant flex/industrial building with retail/showroom space in Fort Collins.
      5739 Bueno Dr, Fort Collins, CO 80525
      View Details
    • $1,060,000
      4,608 SF

      Industrial Warehouse with Secured Yard

      Industrial warehouse featuring a secured yard and seller financing.
      116 Smokey St, Fort Collins, CO 80525
      View Details
    • Contact for pricing
      73.26 Acres

      Prime Fort Collins Industrial Land

      73 Acres, Light Industrial Zoning, $3.50/SF
      0 County Rd 5, Fort Collins, CO 80525
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      22,340 SF

      Oakridge Business Park Warehouse Space

      Warehouse space with fenced parking in Oakridge Business Park.
      4800 Innovation Dr, Fort Collins, CO 80525
      View Details
    • Contact for pricing
      35,000 SF

      Fort Collins Warehouse Space Available

      35,000 square foot warehouse space for lease.
      3829 E Prospect Rd, Fort Collins, CO 80525
      View Details
    • $16 SF/Yr
      2,500 SF

      Versatile Flex Industrial Space

      Flex industrial space with roll-up garage in Midtown Fort Collins.
      3501 S Mason St, Fort Collins, CO 80525
      View Details
    • $8 SF/Yr
      328,442 SF

      Fort Collins Commercial Flex Space

      2907 SF flex space in Timberline Industrial Park.
      1925 S Timberline Rd, Fort Collins, CO 80525
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    • $25 SF/Yr

      Fort Collins Industrial Space Available

      Industrial and distribution property available for lease in Fort Collins.
      Sec I-25 & Prospect Rd, Fort Collins, CO 80525
      View Details
    • $13 SF/Yr
      6,406 SF

      Fort Collins Flex/Office/Showroom Space

      Centrally located flex/office/showroom space with high visibility and access.
      3636 S College Ave, Fort Collins, CO 80525
      View Details
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    6024 College Ave
    Fort Collins, CO 80525-3964
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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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