Fort Collins Commercial Property For
For Sale
Contact for pricing
1006 Centre Ave, Fort Collins, CO 80526
Commercial property in Fort Collins, CO, available for sale.
Property Size4,345 SF
Price / SF$247.41
Days on Market212
Property Features for 1006 Centre Ave
General Information
Standard status
Active
Size
4,345 SF
Class
A
Property subtype
Office, Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$76,991
Building Details
Year Built
1997
Tenancy
Single
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3184
Listed By:
Alvin Mansour · License #TX 0606255
Source:
Crexi
Added: Jan 26
Changed: Aug 24
Last Checked: Aug 23 at 11:44PM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This commercial property, located in Fort Collins, CO, is available for sale. The property has a size of 4345 square feet and can be used as medical office space, office space, retail space, or general commercial real estate.
Key Highlights
- Access to a full marketing package via the provided website.
- Property built in 1997.
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
$60,971
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
5.67%
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%
$1,219,420
$1.2M
Cap Rate 7%
$871,014
$871.0K
Cap Rate 9%
$677,456
$677.5K
Market Conditions
NOI Build-Up for 4,345 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
$95.4K $21.96/SF
− Vacancy
−$14.1K −$3.25/SF
EGI
$81.3K $18.71/SF
− OpEx
−$20.3K −$4.68/SF
NOI
$61.0K $14.03/SF
Area
Fort Collins, CO
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,219,420
Cap Rate 7%
$871,014
Cap Rate 9%
$677,456
Alternative Uses
Best Use
Office B
$871.0K
$762.1K – $1.02M
NOI $60,971 @ 7.0% cap · market cap 5.67%
Second Best
Healthcare Medical
$863.4K
$755.5K – $1.01M
NOI $60,441 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.13M
$990.0K – $1.32M
NOI $79,201 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80526, CO
45,624
Population
19,463
Households
2.3
Avg Household Size
35
Median Age
57%
College-Educated
98%
High-School Grad
32.0 sq mi
ZIP Area
1,426
Density / Sq Mi
$89,098
Median Household Income
$42,496
Median Earnings
$1,641
Median Rent
$520,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Campus West Vets — 2737 S Shields St, Fort Collins, CO 80526
- Animal Works - Veterinary Surgery — 1002 W Drake Rd #101, Fort Collins, CO 80526
- Dr. Greg Burns — 300 W Drake Rd, Fort Collins, CO 80523
- Colorado State University Veterinary Teaching Hospital — 300 W Drake Rd, Fort Collins, CO 80523
- CSU Flint Animal Cancer Center — 300 W Drake Rd, Fort Collins, CO 80525
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial property in Fort Collins, CO, available for sale.
Where is this medical office space located?
The property is located at 1006 Centre Ave Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Access to a full marketing package via the provided website.; Property built in 1997.
