Flex Facility with High-Bay
New
For Sale
Contact for pricing
1001 Buckingham Street, Fort Collins, CO 80524
Two-story office and warehouse/manufacturing areas include dock-high and grade-level loading.
Property Size50,680 SF
Lot Size6.01 Acres
Price / SF$207.18
Days on Market7
Property Features for 1001 Buckingham Street
General Information
Standard status
Active
Size
50,680 SF
Lot size
6.01 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
30 ft
Loading
Side Load
Heavy Power
Yes
Listing Agency:
Cushman & Wakefield - Fort Collins, Colorado
Listed By:
Jared Goodman · License #CO 40017764
(970) 690-4227
Source:
Crexi
Added: Sep 8
Changed: Sep 13
Last Checked: Sep 14 at 8:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Fort Collins, Colorado
Investment Insights
Based on property information with market context.
This 50,680-square-foot flex facility occupies 6.01 acres and combines two-story office space with high-bay warehouse and manufacturing areas. The building offers 30-foot clear heights, heavy power, dock-high loading, and grade-level loading. Approximately 1.99 acres are configured for outdoor storage, supporting a range of industrial operations.
The property is located at 1001 Buckingham Street in Fort Collins, with access to I-25 and Highway 14. Downtown Fort Collins and Colorado State University are also within minutes. The site is included in the Larimer County Enterprise Zone and has expansion capacity for a building of approximately 90,000 square feet. Its configuration accommodates flex, manufacturing, distribution, and logistics uses.
The property is located at 1001 Buckingham Street in Fort Collins, with access to I-25 and Highway 14. Downtown Fort Collins and Colorado State University are also within minutes. The site is included in the Larimer County Enterprise Zone and has expansion capacity for a building of approximately 90,000 square feet. Its configuration accommodates flex, manufacturing, distribution, and logistics uses.
Key Highlights
- 50,680 SF industrial facility on 6.01 acres
- 30' clear heights with heavy power
- Dock‑high and grade‑level loading
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
$619,031
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
5.90%
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%
$12,380,620
$12.4M
Cap Rate 7%
$8,843,300
$8.8M
Cap Rate 9%
$6,878,122
$6.9M
Market Conditions
NOI Build-Up for 50,680 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
$760.2K $15.00/SF
− Vacancy
−$31.9K −$0.63/SF
EGI
$728.3K $14.37/SF
− OpEx
−$109.2K −$2.16/SF
NOI
$619.0K $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%
$12,380,620
Cap Rate 7%
$8,843,300
Cap Rate 9%
$6,878,122
Alternative Uses
Best Use
Warehouse
$8.84M
$7.74M – $10.32M
NOI $619,031 @ 7.0% cap · market cap 5.90%
Second Best
Industrial
$7.28M
$6.37M – $8.50M
NOI $509,790 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$13.20M
$11.55M – $15.40M
NOI $923,795 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
30 ft
Clear height
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story office and warehouse/manufacturing areas include dock-high and grade-level loading.
Where is this flex space located?
The property is located at 1001 Buckingham Street Fort Collins, CO.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: 50,680 SF industrial facility on 6.01 acres; 30' clear heights with heavy power; Dock‑high and grade‑level loading
