Automotive Shop
For Sale
Contact for pricing
1101 North College Avenue, Fort Collins, CO 80524
Automotive property near Colorado State University and US-287.
Property Size11,990 SF
Price / SF$150
Days on Market102
Property Features for 1101 North College Avenue
General Information
Standard status
Active
Size
11,990 SF
Total Parking Spaces
10
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
1984
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Cade Norland · License #02120126
Source:
Crexi
Added: May 21
Changed: Aug 29
Last Checked: Aug 29 at 8:11PM
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
Investment Insights
Based on property information with market context.
Automotive shop property located at 1101 North College Avenue in Fort Collins, Colorado. The site is positioned near US-287 and Colorado State University, providing a defined location for automotive-related commercial use.
Key Highlights
- Automotive shop property in Fort Collins
- Located at 1101 North College Avenue
- Near US‑287
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
$120,607
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
6.71%
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%
$2,412,140
$2.4M
Cap Rate 7%
$1,722,957
$1.7M
Cap Rate 9%
$1,340,078
$1.3M
Market Conditions
NOI Build-Up for 11,990 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
$179.9K $15.00/SF
− Vacancy
−$7.6K −$0.63/SF
EGI
$172.3K $14.37/SF
− OpEx
−$51.7K −$4.31/SF
NOI
$120.6K $10.06/SF
Area
Fort Collins, CO
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,412,140
Cap Rate 7%
$1,722,957
Cap Rate 9%
$1,340,078
Alternative Uses
Best Use
Retail
$2.58M
$2.26M – $3.01M
NOI $180,836 @ 7.0% cap · market cap 10.05%
Second Best
Industrial
$1.72M
$1.51M – $2.01M
NOI $120,607 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,554 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
573
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kennedy Auto Repair — 428 Maple St, Fort Collins, CO 80521
- Kennedy Automatic Transmission — 424 Maple St, Fort Collins, CO 80521
- Valvoline Instant Oil Change — 410 N College Ave, Fort Collins, CO 80524
- A Classic Touch Inc / Motorcycle Shop — 300 N College Ave, Fort Collins, CO 80524
- Fort Collins Mobile Semi Truck Repair — 343 N College Ave, Fort Collins, CO 80524
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property near Colorado State University and US-287.
Where is this auto shop located?
The property is located at 1101 North College Avenue Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,798,500.
What are key features of this property?
This property features: Automotive shop property in Fort Collins; Located at 1101 North College Avenue; Near US‑287
