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Property profile & analytics
OFF-MARKET
Estimated value
$5,445,000
Grocery and convenience stores
731 Lemay Ave Fort Collins, CO 80524-3251
Entity Owned
Free & Clear
Property ID
US13-0705988
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,699 SF
Lot
3.82 ac (166,399 SF)
APN
97131-28-003
UPID
US13-0705988
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
-
Starbucks Cafe & Coffee Shop
-
Safeway Pharmacy Pharmacy
-
Safeway Grocery & Convenience Store Food Market
-
Western Union Bank Credit Union
-
Mark A. Colvin, RPh Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.45M
Owner & transaction history
Albertson S LLC
Albertson S LLC
since 2025
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
$128 / 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
$125,395
Tax year 2023
Assessed value
$1,381,888
Assessed 2023
Previous assessed
$1,015,348
+36.1% YoY
Effective rate
9.07%
On assessed value
Assessed land
$92,768
Assessed improvement
$1,289,120
Land market value
$332,500
Improvement market value
$4,620,500
Total market value
$4,953,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
42,699 SF
Lot
3.82 ac (166,399 SF)
APN
97131-28-003
UPID
US13-0705988
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.82 ac
Current owner
From public records · entity-resolved
Albertson S LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1371 OAKLAND BLVD STE #200, WALNUT CREEK, CA 94596-8408
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2025
—
Albertson S LLC
Abs Rm Investor LLC
Warranty Deed
—
Jan 4, 2018
—
Abs Investor LLC
—
Loan Modification
related
—
Mar 19, 2007
—
Abs Rm Investor LLC
—
Deed Of Trust
related
$945,000,000 · Greenwich Capital Fin'l INC
Aug 15, 2006
$4,200,000
Abs Rm Investor LLC
Albertsons LLC
Warranty Deed
$1,689,279 · Greenwich Capital Fin'l INC
—
—
Abs Investor LLC
—
Loan Modification
related
$300,000,000 · Credit Suisse Ag Cayman Iss Br
—
—
Abs Investor LLC
—
Deed Of Trust
related
$1,145,000,000 · * Other Institutional Lenders
—
—
Abs Investor LLC
—
Deed Of Trust
related
—
—
—
Abs Investor LLC
—
Deed Of Trust
related
—
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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