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Property profile & analytics
OFF-MARKET
Bars & Pubs
829 Shields St Fort Collins, CO 80521-3599
Entity Owned
22-yr Hold
Free & Clear
Property ID
US13-2446750
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1957
Construction
WOOD FRAME
Total area
4,528 SF
Lot
0.5 ac (21,824 SF)
APN
97151-50-001
UPID
US13-2446750
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
-
Teriyaki Wok Two Restaurant
-
The Marmot Bar & Pub
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
Nicol Enterprises Ltd Lllp · 22 yrs held
Nicol Enterprises Ltd Lllp
since 2004
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
$28,264
Tax year 2023
Assessed value
$321,645
Assessed 2023
Previous assessed
$281,605
+14.2% YoY
Effective rate
8.79%
On assessed value
Assessed land
$108,684
Assessed improvement
$212,961
Land market value
$435,900
Improvement market value
$857,900
Total market value
$1,293,800
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1957
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
4,528 SF
Lot
0.5 ac (21,824 SF)
APN
97151-50-001
UPID
US13-2446750
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
1957
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Nicol Enterprises Ltd Lllp
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 728, FORT COLLINS, CO 80522-0728
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2013
—
Nicol Campus West LP Lllp
—
Deed Of Trust
related
$4,400,000 · Bank Of Colorado
Mar 3, 2004
$789,500
Nicol Enterprises Ltd Lllp
Burrus Investments LLC
Grant Deed
—
May 2, 2002
—
Burrus Investments LLC
Burrus,david J
Quit Claim Deed
related
—
Aug 27, 1998
—
David J Burrus
Massey,m D & Leann G
Trustees Deed
related
—
Jul 22, 1998
—
David J Burrus
Morgan,deborah A
Trustees Deed
related
—
Jul 8, 1998
—
David J Burrus
Massey,m D & Leann G
Trustees Deed
related
—
—
—
Leann C Massey
—
Deed Of Trust
related
$51,164 · Keybank Colorado NA
—
—
David J Burrus
—
Deed Of Trust
related
$250,000 · Individual
—
—
Nicol Enterprises Ltd
—
Deed Of Trust
related
$400,000 · First National 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.
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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