Two-Suite Flex
For Sale
$1,200,000
3055 Lake Canal Ct, Fort Collins, CO 80524
Commercial Sale, Fort Collins, CO
Property Size6,984 SF
Lot Size0.77 Acres
Price / SF$171.82
Days on Market41
Property Features for 3055 Lake Canal Ct
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Fencing
Fenced
Appliances
Kitchenette, Break Room
Subdivision
Lake Canal Sub
Lot features
Cul-De-Sac, Level, Abuts Private Open Space, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
Elementary school
Riffenburgh
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Directions
From I-25 and E Mulberry St/CO-14 (Exit 269), head west on E Mulberry St and make your way onto Colorado 14 Frontage Rd N. Turn right (north) on Delozier Dr. Delozier will curve west into Lake Canal Ct, property will be towards your left at the end of the cul-de-sac.
Standard status
Active
APN
R1604576
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
30398
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2005
Building materials
Metal Siding, Steel Frame, Ceiling: 16-20 Feet, Ceiling: Over 20 Feet, Floor: Concrete
Roof type
Metal
Listing Agency:
C3 Real Estate Solutions, LLC
(970) 225-5152
Listed By:
Perry Hillegas
(720) 270-0040
Added: Jul 16
Changed: Aug 19
Last Checked: Aug 25 at 11:06AM
MLS# 1064872
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 flex space is configured as two firewall-separated suites, each with dual restrooms. Suite A includes office potential, a kitchenette, a 12' x 12' overhead door, and a 23' x 16' receiving area. Suite B has a 10' x 10' overhead door and is occupied by a tenant that intends to remain. The building was constructed in 2005 and includes a metal roof, concrete flooring, forced-air heat, central air, and 3-phase power.
The property sits on a 0.77-acre lot with 13-14 parking spaces and fencing. It is located 1 mile west of I-25, off E. Mulberry St., in Fort Collins. Zoning is C-Commercial in Larimer County, with natural gas available and a septic tank serving the property.
The property sits on a 0.77-acre lot with 13-14 parking spaces and fencing. It is located 1 mile west of I-25, off E. Mulberry St., in Fort Collins. Zoning is C-Commercial in Larimer County, with natural gas available and a septic tank serving the property.
Key Highlights
- 6,984 SF flex/industrial building constructed in 2005
- Two firewall‑separated suites with dual restrooms
- 4,584 SF Suite A includes a 12' x 12' overhead door and 23' x 16' receiving area
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
$85,306
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
7.11%
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%
$1,706,120
$1.7M
Cap Rate 7%
$1,218,657
$1.2M
Cap Rate 9%
$947,844
$947.8K
Market Conditions
NOI Build-Up for 6,984 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
$104.8K $15.00/SF
− Vacancy
−$4.4K −$0.63/SF
EGI
$100.4K $14.37/SF
− OpEx
−$15.1K −$2.16/SF
NOI
$85.3K $12.21/SF
Area
Fort Collins, CO
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,706,120
Cap Rate 7%
$1,218,657
Cap Rate 9%
$947,844
Alternative Uses
Best Use
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,306 @ 7.0% cap · market cap 7.11%
Second Best
Industrial
$1.00M
$878.2K – $1.17M
NOI $70,252 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,304 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
2
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80524, CO
39,030
Population
17,548
Households
2.2
Avg Household Size
37
Median Age
52%
College-Educated
94%
High-School Grad
122.7 sq mi
ZIP Area
318
Density / Sq Mi
$84,440
Median Household Income
$45,046
Median Earnings
$1,623
Median Rent
$527,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Firewall-separated suites support owner occupancy alongside an existing tenant.
Where is this flex space located?
The property is located at 3055 Lake Canal Ct Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,984 SF flex/industrial building constructed in 2005; Two firewall‑separated suites with dual restrooms; 4,584 SF Suite A includes a 12' x 12' overhead door and 23' x 16' receiving area
