Contemporary Residential Income
For Sale
$591,900
Pending
2026 Crested Lark St, Fort Collins, CO 80528
Residential, Fort Collins, CO
Property Size2,959 SF
Lot Size0.07 Acres
Days on Market47
Property Features for 2026 Crested Lark St
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Zoning
RES
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 1, Family Room, Bedroom 3, Loft, Dining Room, Bathroom 2, Bathroom 1, Basement, Bedroom 2
Patio and Porch features
Deck
Interior features
Open Floorplan, Pantry, Walk-In Closet(s), Washer/Dryer Hookup, Kitchen Island, Split Bedroom Plan
Basement
Unfinished
Appliances
Electric Range, Dishwasher, Refrigerator, Microwave, Disposal, Fire Alarm
Subdivision
Timber Lark
Elementary school
Werner
Middle school
Preston
High school
Fossil Ridge
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Directions
Visit the model home at 1832 Crested Lark St
Standard status
Pending
APN
R1681134
Size
2,959 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3992
HOA Fee
$49 Monthly
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Building materials
Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Kittle Real Estate
(970) 460-4444
Listed By:
Rob Kittle · License #40016997
(970) 235-0705
Added: Jul 28
Changed: Sep 12
Last Checked: Sep 12 at 5:06PM
MLS# 1065201
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This contemporary paired home at 2026 Crested Lark St is under construction and scheduled for availability in December 2026. The 2,959-square-foot residence includes three bedrooms, three bathrooms, a loft, and an attached 2-car garage. Its main level combines the kitchen, dining nook, and great room in an open arrangement, with a center island, extensive cabinetry, and pantry. A covered rear deck extends the living area outdoors, while the upper level offers an owner’s suite with a private bath and oversized walk-in closet, two additional bedrooms, a shared full bath, and a centrally placed laundry room. A main-floor powder room is also included.
The home is located in the Timber Lark community in southeast Fort Collins, within Larimer County and ZIP Code 80528. Community services covered by the HOA include common-area maintenance, trash, recycling, and snow removal in common areas. The property is zoned RES and includes natural gas availability, forced-air heating, central air, composition roofing, and frame construction.
The home is located in the Timber Lark community in southeast Fort Collins, within Larimer County and ZIP Code 80528. Community services covered by the HOA include common-area maintenance, trash, recycling, and snow removal in common areas. The property is zoned RES and includes natural gas availability, forced-air heating, central air, composition roofing, and frame construction.
Key Highlights
- 2,959‑square‑foot paired home on a 0.07‑acre lot
- Three bedrooms, three bathrooms, and a versatile loft
- Attached 2‑car garage and covered rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,735
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$734,700
$734.7K
Cap Rate 7%
$524,786
$524.8K
Cap Rate 9%
$408,167
$408.2K
Market Conditions
NOI Build-Up for 2,959 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.3K $23.76/SF
− Vacancy
−$3.5K −$1.19/SF
EGI
$66.8K $22.57/SF
− OpEx
−$30.1K −$10.16/SF
NOI
$36.7K $12.41/SF
Area
Fort Collins, CO
Vacancy
5.00%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$734,700
Cap Rate 7%
$524,786
Cap Rate 9%
$408,167
Alternative Uses
Best Use
Apartment 5plus
$524.8K
$459.2K – $612.3K
NOI $36,735 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$770.5K
$674.2K – $899.0K
NOI $53,937 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 80528, CO
23,660
Population
8,986
Households
2.6
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
18.5 sq mi
ZIP Area
1,279
Density / Sq Mi
$122,133
Median Household Income
$57,739
Median Earnings
$1,906
Median Rent
$654,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Under-construction paired home with flexible living areas, energy-efficient features, and an attached garage.
Where is this single family property located?
The property is located at 2026 Crested Lark St Fort Collins, CO.
What is the asking price?
The asking price for this property is $591,900.
What are key features of this property?
This property features: 2,959‑square‑foot paired home on a 0.07‑acre lot; Three bedrooms, three bathrooms, and a versatile loft; Attached 2‑car garage and covered rear deck
