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Property profile & analytics
OFF-MARKET
Drive through restaurants
732 Lemay Ave Fort Collins, CO 80524-3243
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0528423
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2000
Construction
WOOD FRAME
Total area
1,500 SF
Lot
0.37 ac (16,248 SF)
APN
87182-39-002
UPID
US13-0528423
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
-
Riverside Insurance Insurance Agency
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
Riverside Property Holdings LLC · 7 yrs held
Riverside Property Holdings LLC
since 2018
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
$11,386
Tax year 2023
Assessed value
$133,083
Assessed 2023
Previous assessed
$84,361
+57.8% YoY
Effective rate
8.56%
On assessed value
Assessed land
$45,365
Assessed improvement
$87,718
Land market value
$162,600
Improvement market value
$314,400
Total market value
$477,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2000
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,500 SF
Lot
0.37 ac (16,248 SF)
APN
87182-39-002
UPID
US13-0528423
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
2000
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Riverside Property Holdings LLC
Entity
Mailing address
2649 E MULBERRY STF, FORT COLLINS, CO 80524-3672
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Riverside Property Holdings LLC
—
Deed
related
$240,000 · Adams Bank & Trust
Apr 25, 2025
—
Ascent Property Enterprises LLC
—
Deed
related
$250,000 · Bank Of Colorado
Dec 18, 2024
—
Riverside Property Holdings LLC
—
Deed
related
$75,000 · Adams Bank & Trust
Sep 9, 2021
—
Riverside Property Holdings LLC
—
Deed
related
$25,000 · Great Western Bank
Sep 20, 2019
—
Riverside Property Holdings LLC
—
Deed
related
$206,000 · Valley Bank And Trust Co
Feb 22, 2019
—
Ascent Property Ents LLC
—
Deed
related
$175,000 · Firstbank
Aug 8, 2018
$215,500
Riverside Property Holdings LLC
Terrill S Danielson
Special Warranty Deed
$172,400 · Advantage Bank
Apr 6, 2017
—
Ascent Property Ents LLC
—
Deed
related
$268,750 · Firstbank
Mar 9, 2017
—
Ascent Property Ents LLC
—
Deed
related
$100,000 · Firstbank
Sep 16, 2016
—
Ascent Property Enterprises LLC
—
Deed
related
$250,000 · Firstbank
Aug 3, 2010
$260,000
Ascent Property Ents LLC
Albrecht,roger D & Martha D
Warranty Deed
$180,000 · Firstbank Of Northern Colorado
—
—
Ascent Property Ents LLC
—
Deed Of Trust
related
$100,000 · Firstbank
—
—
Ascent Property Ents LLC
—
Deed Of Trust
related
$175,000 · Firstbank
—
—
Roger D Albrecht
—
Deed Of Trust
related
$390,000 · Farmers Bank
—
—
Roger D Albrecht
—
Deed Of Trust
related
$51,750 · Farmers Bank
—
—
Ascent Property Ents LLC
—
Loan Modification
related
$167,873 · Firstbank NA
—
—
Ascent Property Ents LLC
—
Loan Modification
related
$100,000 · Firstbank
—
—
Ascent Property Ents LLC
—
Deed Of Trust
related
$250,000 · Firstbank
—
—
Ascent Property Ents LLC
—
Deed Of Trust
related
$268,750 · Firstbank
—
—
Roger D Albrecht
—
Deed Of Trust
related
$22,000 · Farmers 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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