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    Fort Collins Self-Storage Investment Title is generated by Realmo AI

    904 N U.S Hwy 287, Fort Collins, CO 80524

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    Picture of Self storage facilities at 904 N U.S Hwy 287, Fort Collins, CO
    For Sale
    $4,500,000

    A well-maintained self-storage facility located at 904 N U.S. Hwy 287 in Fort Collins, Colorado

    Property size:
    36,496 SF
    Lot size:
    4.29 Acres
    Price / SF:
    $123/SF
    Added:
    Dec 25, 2024
    Days on Market:
    505
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 904 N U.S Hwy 287

    General Information

    Standard status
    Active
    Property type
    Self storage facilities, Warehouses, Industrial properties
    Size
    36,496 SF
    Net Rentable
    36,496 SF
    Elevators
    N/A
    Lot size
    4.29 Acres
    Occupancy
    88%
    Investment Type
    Stabilized
    Net Operating Income
    $244,736

    Building Details

    Year Built
    1993
    Buildings
    9
    Stories
    10
    Units
    203

    We can help!

    Listing Contact
    Ingla Robinson

    Listing agent Ingla

    Listing office

    Listing date Dec 25, 2024

    HighLights

    • • Seller Financing Available
    • • 4th Largest City in Colorado
    • • High Historical Occupancy
    • • Gated & Fenced
    • • Approved for 8,400 sq. ft. Expansion
    • • Recent Rent Increase
    • • Home to Colorado State University
    • • Proximity to Multiple Lakes and Reservoirs
    • • High Traffic Count
    • • High Visibility

    Overview

    Located at 904 N U.S. Hwy 287 in Fort Collins, Colorado, this self-storage facility offers an investment opportunity. Constructed in 1993, the property includes nine single-story metal and steel buildings. It features 203 units across 36,496 rentable square feet and has an 88% occupancy rate. The facility is situated on a 4.29-acre lot with gated and fenced access. Its location along US Highway 287 provides high visibility and accessibility, with a daily traffic count of 13,100 vehicles. The property is near the Cache La Poudre-North Park Byway, close to Colorado State University, new residential developments, and numerous lakes and reservoirs. It serves a population exceeding 370,000 within the Fort Collins-Loveland MSA. The facility has an approved expansion plan for an additional 8,400 square feet. The property generates $244,736 NOI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Accounting Firm Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.092642
    Latitude
    40.626103

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    FAQs

    What type of property is this?
    Self storage facility - A well-maintained self-storage facility located at 904 N U.S. Hwy 287 in Fort Collins, Colorado
    Where is this self storage facility located?
    The property is located at 904 N U.S Hwy 287 Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: • Seller Financing Available; • 4th Largest City in Colorado; • High Historical Occupancy
    (909) 380-0073
    We can help!
    Listing Contact
    Ingla Robinson
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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