111 Meldrum StFort Collins, CO 80521

Property Details for 111 Meldrum St

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

6,800 SF

Property type

Office properties

Property subtype

Office buildings

APN

97114-11-006

APU

9711411006

Description

This exceptional mixed-use property at 111 S Meldrum St, Fort Collins, CO 80521, presents a compelling investment opportunity. The 6,408 square foot building boasts a prime location in Old Town Fort Collins, a nationally recognized destination for retail and business, situated just two blocks from the heart of Old Town at College and Mountain Avenues. Its strategic placement ensures high foot traffic, benefiting from proximity to Colorado State University and the vibrant energy of the surrounding shops and restaurants. The building is currently 100% leased, comprising renovated first-floor office and retail space, along with four apartments on the second floor. This translates to a compelling asking price of $2,060,389, representing a price per square foot of $321.53 and a projected cap rate of 5.50%. The property's strong tenant base and desirable location in Old Town Fort Collins, a major regional attraction drawing visitors from across Colorado and even Wyoming, promise consistent rental income and significant long-term appreciation potential. This rare opportunity offers a blend of stable income and growth potential in a thriving Colorado market. The property's size and diverse tenant mix provide a balanced and resilient investment portfolio. Don't miss this chance to acquire a highly sought-after mixed-use asset in one of Colorado's most dynamic and desirable locations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,624,689

  6.5%

  $1,499,713

  7%

  $1,392,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,785,598

  Geo Method

  $561,816

• Alternative Use

  Use

  Valuation

  Residential

  $1,859,644

  Hospitality

  $1,703,424

  Educational

  $1,417,228

  Medical

  $1,465,969

  Retail

  $2,204,578

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5865

Longitude

-105.083

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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