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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Warehouses
6024 College Ave Fort Collins, CO 80525-3964
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1680164
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1975
Construction
STEEL FRAME
Total area
12,960 SF
Lot
0.98 ac (42,689 SF)
APN
96122-05-022
UPID
US13-1680164
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
-
Fort Collins Headshot Studio (Bike/Boat/Book/etc) Store Photography Service
-
Fort Collins 4x4 Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.11M
Owner & transaction history
Houk Family LLC · 2 yrs held
Houk Family LLC
since 2023
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+45.9%
Retail stores
$3.5M
+45.3%
Auto repair, garage
$3.2M
+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
$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
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
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $2.08M (Aug 8 2023)
Last sale anchor
$2.08M
Aug 8 2023
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
$162 / 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
$42,313
Tax year 2023
Assessed value
$462,805
Assessed 2023
Previous assessed
$325,090
+42.4% YoY
Effective rate
9.14%
On assessed value
Assessed land
$83,030
Assessed improvement
$379,775
Land market value
$297,600
Improvement market value
$1,361,200
Total market value
$1,658,800
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
1975
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
12,960 SF
Lot
0.98 ac (42,689 SF)
APN
96122-05-022
UPID
US13-1680164
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
$2.4M
OFFICE BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
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
1975
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Houk Family LLC
Entity
Mailing address
6024 S COLLEGE AVE, FORT COLLINS, CO 80525-3964
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
—
Houk Family LLC
—
Deed
related
$2,060,000 · Union Bank & Trust Co
Mar 7, 2024
—
Houk Family LLC
—
Deed
related
$1,060,000 · Bside Capital
Aug 8, 2023
$2,075,000
Houk Family LLC
Srp Enterprises LLC
Special Warranty Deed
$2,328,000 · Ent Cu
Sep 13, 2022
—
Srp Enterprises LLC
—
Deed
related
$999,900 · Firstbank
Jun 23, 2022
—
Srp Enterprises LLC
—
Deed
related
$400,000 · The Private Funding Solution LLC
Dec 14, 2007
—
Restless Minds Investments LLP
Rocky Mountain Investments
Quit Claim Deed
related
—
Dec 14, 2007
$1,050,000
Srp Ents LLC
Restless Minds Investments LLP
Warranty Deed
$840,000 · Interbay Funding LLC
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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