Flex Space with H-3
New
For Sale
Contact for pricing
1101 Academy Court Unit 5, Fort Collins, CO 80524
Renovated flex suite combining office, production, storage, and specialized hazardous-material infrastructure.
Property Size6,250 SF
Price / SF$220
Days on Market7
Property Features for 1101 Academy Court Unit 5
General Information
Standard status
Active
Size
6,250 SF
Property subtype
Industrial
Zoning
I-Industrial
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2023
Listing Agency:
Colorado Commercial
Listed By:
Mark O'Donnell · License #40003801
(970) 690-8885
Source:
Crexi
Added: Sep 11
Changed: Sep 16
Last Checked: Sep 16 at 1:40PM
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 Colorado Commercial
Investment Insights
Based on property information with market context.
Unit 5 at 1101 Academy Court is a 6,250-square-foot flex space renovated in 2023 and configured as one contiguous industrial suite. The layout includes 896 square feet of open office space, a 577-square-foot breakroom and kitchen with two ADA-compliant restrooms, a utility and storage room, and 1,028 square feet of finished materials storage. The 3,750-square-foot warehouse and production area provides 12-foot ceilings, a 14' x 14' grade-level overhead door, floor drains, gas-fired forced-air heat, and an open layout for manufacturing, processing, receiving, storage, or distribution.
Specialized improvements include a 625-square-foot controlled humidity room and a 504-square-foot H-3 High-Hazard Room. The H-3 room features fire-resistance-rated construction, dedicated ventilation, fire protection and life-safety systems, plus a continuous 16-inch containment curb with approximately 4,679 gallons of secondary containment capacity. The property is zoned I-Industrial and is positioned within Fort Collins' established industrial corridor, with access to Interstate 25 and Highway 287.
Specialized improvements include a 625-square-foot controlled humidity room and a 504-square-foot H-3 High-Hazard Room. The H-3 room features fire-resistance-rated construction, dedicated ventilation, fire protection and life-safety systems, plus a continuous 16-inch containment curb with approximately 4,679 gallons of secondary containment capacity. The property is zoned I-Industrial and is positioned within Fort Collins' established industrial corridor, with access to Interstate 25 and Highway 287.
Key Highlights
- 6,250‑square‑foot flex suite renovated in 2023
- 3,750‑square‑foot warehouse and production area with 12‑foot ceilings
- 14' x 14' grade‑level overhead door, floor drains, and gas‑fired forced‑air heat
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
$76,341
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
5.55%
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%
$1,526,820
$1.5M
Cap Rate 7%
$1,090,586
$1.1M
Cap Rate 9%
$848,233
$848.2K
Market Conditions
NOI Build-Up for 6,250 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
$93.8K $15.00/SF
− Vacancy
−$3.9K −$0.63/SF
EGI
$89.8K $14.37/SF
− OpEx
−$13.5K −$2.16/SF
NOI
$76.3K $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%
$1,526,820
Cap Rate 7%
$1,090,586
Cap Rate 9%
$848,233
Alternative Uses
Best Use
Warehouse
$1.09M
$954.3K – $1.27M
NOI $76,341 @ 7.0% cap · market cap 5.55%
Second Best
Industrial
$898.1K
$785.9K – $1.05M
NOI $62,869 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,925 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
Balanced
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- El DON FOOD TRUCK — 1406 E Mulberry St, Fort Collins, CO 80524
- Roasted Beet — 1281 e magnolia st, fort collins, co 80524
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex suite combining office, production, storage, and specialized hazardous-material infrastructure.
Where is this flex space located?
The property is located at 1101 Academy Court Unit 5 Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 6,250‑square‑foot flex suite renovated in 2023; 3,750‑square‑foot warehouse and production area with 12‑foot ceilings; 14' x 14' grade‑level overhead door, floor drains, and gas‑fired forced‑air heat
