Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    816 Lemay Ave Fort Collins, CO 80524-3205
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    816 Lemay Ave Fort Collins, CO 80524-3205

    View on Map
    • Specialty properties
    • 7,588 SF
    • 0.24 lot acres
    Off-Market
    Last Sale Apr 26, 2022
    Property ID
    US13-2720431
    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.
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fort Collins Veterinary Emergency Hospital / Veterinary Clinic

    Property Details for 816 Lemay Ave

    Year built
    1974
    Construction
    WOOD FRAME
    Lot size
    0.24 lot acres
    Property size
    7,588 SF
    Property type
    Specialty properties
    APN
    87182-11-001
    APU
    8718211001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      VETERINARY, ANIMAL HOSPITAL
      $1,200,000
      Current use
      MEDICAL BUILDING
      $1,290,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $1,215,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,085,000
      Change: -9% Conversion: Difficult
      RESTAURANT
      $1,080,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $1,020,000
      Change: -15% Conversion: Difficult
      WAREHOUSE, STORAGE
      $980,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.057
    Latitude
    40.5762
    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
    $57,820
    $32,308
    $609,392
    $641,700
    -
    $115,800
    $2,184,200
    $2,300,000

    Comparable in this City

    • Value Estimation by Request
      3,172 SF

      1601 Us Hwy 287

      VETERINARY, ANIMAL HOSPITAL • 3,172 SF
      1601 Us Hwy 287, Fort Collins, CO 80524-1029
      View Details
    • Value Estimation
      $1,695,000
      15,714 SF

      141 Mtn Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 15,714 SF
      141 Mtn Ave, Fort Collins, CO 80524
      View Details
    • Value Estimation
      $750,000
      2,352 SF

      2602 Taft Hl Rd

      VETERINARY, ANIMAL HOSPITAL • 2,352 SF
      2602 Taft Hl Rd, Fort Collins, CO 80524-1077
      View Details
    • Value Estimation
      $500,000
      4,273 SF

      428 Linden St, Unit 101

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,273 SF
      428 Linden St, Fort Collins, CO 80524-2428
      View Details
    • Value Estimation by Request

      225 Lemay Ave

      Flex space
      225 Lemay Ave, Fort Collins, CO 80524
      View Details
    • Value Estimation
      $565,000
      3,134 SF

      1006 Luke St

      VETERINARY, ANIMAL HOSPITAL • 3,134 SF
      1006 Luke St, Fort Collins, CO 80524-4016
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,050 SF

      College Avenue Commercial Property For Sale

      Multiple buildings on .41 acres with frontage on College Avenue.
      1307 N College Ave, Fort Collins, CO 80524
      View Details
    • $600,000

      Northern Colorado Commercial Portfolio

      Three fully leased commercial properties in Northern Colorado for sale.
      2649 E Mulberry St, Fort Collins, CO 80524
      View Details
    • $3,350,000

      Mountain Avenue Standalone Building

      Standalone building in Old Town Fort Collins with exclusive parking.
      345 Mountain Ave E, Fort Collins, CO 80524
      View Details
    • Contact for pricing
      8,392 SF

      Fort Collins Office Building For Sale

      8,392 SqFt office building with 7.69% CAP rate.
      1107 S Lemay Ave, Fort Collins, CO 80524
      View Details
    • Contact for pricing

      Fort Collins Wendy's Portfolio

      High-performing Wendy's portfolio near the University in Fort Collins.
      719 S Lemay Ave, Fort Collins, CO 80524
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lincoln Plaza Industrial Units

      Industrial units available for lease in Lincoln Plaza.
      301 Lincoln Ct, Fort Collins, CO 80524
      View Details
    • Contact for pricing

      Redevelopment Opportunity on Vine Drive

      Property located in a prime area with redevelopment activity.
      500 E Vine Dr, Fort Collins, CO 80524
      View Details
    • $14 SF/Yr
      6,225 SF

      Redevelopment Opportunity on Vine Drive

      Prime location near North College Avenue with redevelopment potential.
      500 E Vine Dr, Fort Collins, CO 80524
      View Details
    • New
      Contact for pricing

      Spaces Linden Street

      Workspaces, services and support to help you grow your business in Spaces Linden Street
      242 Linden St, Fort Collins, CO 80524
      View Details
    • $14 SF/Yr
      2,400 SF

      Fort Collins Flex Space Available

      Modern Flex Units, I-25 Access, 4 Months Free!
      2649 Mulberry St, Fort Collins, CO 80524
      View Details
    • Contact for pricing

      Professional Office Suite For Rent

      Office suite in North Fort Collins, ideal for small businesses.
      690 Cairnes Dr, Fort Collins, CO 80524
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    816 Lemay Ave
    Fort Collins, CO 80524-3205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!