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Property profile & analytics
OFF-MARKET
Medical Office Space
702 Drake Rd Ste Fa Fort Collins, CO 80526-5564
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0717103
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
WOOD FRAME
Total area
1,902 SF
Lot
0.06 ac (2,744 SF)
APN
97233-65-001
UPID
US13-0717103
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
-
US Veterans Center/ VetCenter Hospital
-
AXA Advisors Insurance Agency
-
Wells & Abrames Family Dental: Wells Gordan W DDS Dental Office
-
Eyecare Associates Physician
-
Metabolic Research Center | Fort Collins Medical Spa Weight Loss Service
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
Shinn Real Property LLC · 5 yrs held
Shinn Real Property LLC
since 2021
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
$11,569
Tax year 2023
Assessed value
$135,092
Assessed 2023
Previous assessed
$134,357
+0.5% YoY
Effective rate
8.56%
On assessed value
Assessed land
$34,317
Assessed improvement
$100,775
Land market value
$123,000
Improvement market value
$361,200
Total market value
$484,200
Applied tax rate
1,100.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
1,902 SF
Lot
0.06 ac (2,744 SF)
APN
97233-65-001
UPID
US13-0717103
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
1999
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Shinn Real Property LLC
Entity
Mailing address
702 W DRAKE RD STE FA, FORT COLLINS, CO 80526-5564
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 7, 2021
—
Shinn Real Property LLC
Cvmj LLC
Quit Claim Deed
related
$240,000 · Western St Bk
Aug 20, 2020
—
Shinn Real Property LLC
Shinn Real Property LLC
Quit Claim Deed
related
—
Nov 15, 2018
—
Shinn Real Property LLC
Lenfert Holdings LLC
Warranty Deed
related
—
Jan 6, 2017
—
Shinn Reale Property LLC
Shinn Real Property LLC
Quit Claim Deed
related
—
Jan 3, 2017
$77,200
Jules & El LLC
Bernth LLC
Warranty Deed
related
$34,758 · Western St Bk
Jul 17, 2014
—
Shinn Real Property LLC
Basnar,cary P
Grant Deed
related
$276,575 · First Citizens Bk
—
—
Cary P Basnar
—
Deed Of Trust
related
$281,062 · Bank Of Colorado
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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