Vacant Retail
For Sale
Contact for pricing
1023 North College Avenue, Fort Collins, CO 80524
Community Commercial zoning places the property in the North College District.
Property Size6,916 SF
Price / SF$245.81
Days on Market150
Property Features for 1023 North College Avenue
General Information
Standard status
Active
Size
6,916 SF
Property subtype
Retail, Mixed Use
Zoning
Community Commercial – North College District (CCN)
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Brayden Conner · License #WVS230302830
(817) 437-1797
Source:
Crexi
Added: May 21
Changed: Oct 16
Last Checked: Oct 16 at 7:49AM
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 Matthews
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Investment Insights
Based on property information with market context.
This vacant retail space contains 6,916 square feet at 1023 North College Avenue in Fort Collins, Colorado. The property is designated Community Commercial – North College District (CCN), providing a defined zoning classification for the site. The listing identifies the asset as a retail box associated with Advance Auto Parts.
Key Highlights
- 6,916 SF vacant retail space
- Community Commercial – North College District (CCN) zoning
- Located at 1023 North College Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,308
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,086,160
$2.1M
Cap Rate 7%
$1,490,114
$1.5M
Cap Rate 9%
$1,158,978
$1.2M
Market Conditions
NOI Build-Up for 6,916 SF
Gross rent
$156.9K $22.68/SF
− Vacancy
−$7.8K −$1.13/SF
EGI
$149.0K $21.55/SF
− OpEx
−$44.7K −$6.46/SF
NOI
$104.3K $15.08/SF
Area
Fort Collins, CO
Vacancy
5.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,086,160
Cap Rate 7%
$1,490,114
Cap Rate 9%
$1,158,978
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.74M
NOI $104,308 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,065 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Community Commercial zoning places the property in the North College District.
Where is this retail space located?
The property is located at 1023 North College Avenue Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 6,916 SF vacant retail space; Community Commercial – North College District (CCN) zoning; Located at 1023 North College Avenue
