Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 Carpenter Rd Fort Collins, CO

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.33 acres of commercial land for sale.

    Type:LAND
    Lot size:
    2.33 Acres
    Added:
    May 23, 2025
    Days on Market:
    315
    Last Refresh:
    Mar 29 at 10:55 pm

    Property Features for 111 Carpenter Rd

    General Information

    Standard status
    Active
    Lot size
    2.33 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Kurt Liss

    Listing agent Kurt Liss License #EA.040009038

    Listing office JLL | Denver

    Listing date May 23, 2025

    Source Moodyscre

    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 JLL | Denver

    Overview

    Commercial Land Near College Avenue

    This 2.327-acre commercial land parcel, equivalent to 101,367 square feet, is located just off College Avenue at Carpenter Road, also known as East County Road 32. The zoning is CC (Commercial Corridor). The land gently slopes from south to north. The area is primarily residential and may be underserved commercially, presenting opportunities for developing additional amenities. Schedule numbers for the property are 1513796 and 1513788.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.076
    Latitude
    40.4795

    Nearby Similar for Sale

    • $549,900

      Downtown Fort Collins Office Building

      Unique office building in the heart of downtown Fort Collins.
      500 E Oak St, Fort Collins, CO 80524
      View Details
    • $931,500

      Developable Land in Fort Collins

      Mixed-use zoned pad sites ready for development near Old Town.
      208 Green Leaf St unit: Various, Fort Collins, CO 80524
      View Details
    • $725,000

      Professional Office Condo For Sale

      Well-maintained office condo in desirable Fort Collins location.
      3726 S Timberline Rd unit: 2, Fort Collins, CO 80525
      View Details
    • $995,000
      3,456 SF

      Fort Collins Turnkey 4-Plex

      Fully occupied 4-plex in a desirable Fort Collins location.
      4500 Stover St, Fort Collins, CO 80525
      View Details
    • $599,000

      Fort Collins Land with I-25 Frontage

      2.3 acres with I-25 frontage, stocked pond, and shop.
      3488 SE Frontage Rd, Fort Collins, CO 80525
      View Details
    • $1,600,000

      Prime Fort Collins Medical Office

      Exceptional medical office building in central Fort Collins location.
      375 E Horsetooth Rd unit: 201, Fort Collins, CO 80525
      View Details
    • $2,000,000

      5-Acre Vacant Land Parcel

      Buildable land with development potential in a desirable location.
      3534 Buckeye St, Fort Collins, CO 80524
      View Details
    • $680,000
      2,350 SF

      Fort Collins Duplex with Garages

      Two 2-bedroom units with garages in desirable Parkwood.
      1116 Kirkwood Dr, Fort Collins, CO 80525
      View Details
    • $550,000

      Fort Collins In-Fill Development Land

      Rare development opportunity in a prime Fort Collins location.
      Mason St, Fort Collins, CO 80525
      View Details
    • $420,000
      1,963 SF

      Fort Collins Townhome Near CSU

      Well-maintained 3 bed, 4 bath townhome near CSU.
      1637 Westbridge Dr unit: D4, Fort Collins, CO 80526
      View Details
    • $400,000
      1,328 SF

      Fort Collins Townhome Near CSU

      Well-maintained 3 bed, 3 bath townhome near CSU Campus.
      2052 Glenmoor Dr, Fort Collins, CO 80521
      View Details
    • $500,000

      3.8-Acre Homesite with Mountain Views

      Exceptional homesite to build your dream home with mountain views.
      5800 Inspiration Dr, Fort Collins, CO 80524
      View Details

    FAQs

    What type of property is this?
    Land - 2.33 acres of commercial land for sale.
    Where is this land located?
    The property is located at 111 Carpenter Rd Fort Collins, CO.
    What are key features of this property?
    This property features: 2.327 acre (101,367 LSF) lot zoned CC (Commercial Corridor).; Commercial development opportunity in an underserved area.; Located just off College Avenue at Carpenter Road (East County Road 32).
    (303) 260-6500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kurt Liss
    Real Estate License ID: EA.040009038
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!