Downtown Fort Collins Restaurant
For Sale
$1,144,000
160 West Oak Street Fort, Fort Collins, CO 80524
Restaurant space with premium exposure in Downtown Fort Collins.
Property Size3,300 SF
Price / SF$346.67
Days on Market339
Property Features for 160 West Oak Street Fort
General Information
Standard status
Active
Size
3,300 SF
Total Parking Spaces
15
Property subtype
Shopping Center - Restaurant
Zoning
Downtown District
Building Details
Building Size
3,300 SF
Year Built
1925
Listing Agency:
RE/MAX
(970) 215-7016
Listed By:
Michelle Hickey Crawford · License #1414
(970) 215-7016
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 29 at 5:49AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This property offers a restaurant space at the corner of Oak and Mason in Downtown Fort Collins. The property underwent an extensive remodel in 2015. The location provides premium exposure in the heart of Downtown Fort Collins. The space features floor-to-ceiling walls throughout. The City of Fort Collins downtown district zoning provides flexibility. The property size is 3300 square feet.
Key Highlights
- Premium exposure in the heart of Downtown Fort Collins.
- Beautifully curated restaurant space.
- Extensive remodel in 2015.
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
$56,727
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
4.96%
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%
$1,134,540
$1.1M
Cap Rate 7%
$810,386
$810.4K
Cap Rate 9%
$630,300
$630.3K
Market Conditions
NOI Build-Up for 3,300 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
$79.2K $24.00/SF
− Vacancy
−$3.6K −$1.08/SF
EGI
$75.6K $22.92/SF
− OpEx
−$18.9K −$5.73/SF
NOI
$56.7K $17.19/SF
Area
Fort Collins, CO
Vacancy
4.50%
Lease Rate
$24.00 /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%
$1,134,540
Cap Rate 7%
$810,386
Cap Rate 9%
$630,300
Alternative Uses
Best Use
Specialty Retail
$810.4K
$709.1K – $945.5K
NOI $56,727 @ 7.0% cap · market cap 4.96%
Second Best
Retail
$711.0K
$622.1K – $829.5K
NOI $49,771 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$859.3K
$751.9K – $1.00M
NOI $60,152 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,558
Businesses Nearby
Under-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
- The Silver Spoon — 515 W Mulberry St, Fort Collins, CO 80521
- Little Latitudes Cajun Street Food — 11 Old Town Square, Fort Collins, CO 80524
- Adventure Chefs - Catering, Courses, Staffing & Events — 324 Jefferson St, Fort Collins, CO 80524
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant space with premium exposure in Downtown Fort Collins.
Where is this restaurant located?
The property is located at 160 West Oak Street Fort Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,144,000.
What are key features of this property?
This property features: Premium exposure in the heart of Downtown Fort Collins.; Beautifully curated restaurant space.; Extensive remodel in 2015.
