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

    500 Garfield St Fort Collins, CO 80524

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

    12,000 SF lot with 1,724 SF building.

    Lot size:
    0.28 Acres

    Property Features for 500 Garfield St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.28 Acres

    Building Details

    Year built
    1961

    We can help!

    Listing Contact
    Chris Penner
    Source: Elliman

    Listing Agent: Chris Penner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Lot with Small Building

    The property at 500 Garfield is a 12,000 square foot lot improved with a 1,724 square foot building. The zoning is OT - B, which is a residential zoning district. According to provided information, some commercial or service uses might be considered by the city.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lloyd's Service Auto Repair Shop Straight Line Alignment Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.0698908
    Latitude
    40.5735406

    Nearby Similar for Sale

    • $850,000
      3,799 SF

      Fort Collins Office Condo

      Second floor office condo with high-end finishes for sale.
      2120 Milestone Dr, Fort Collins, CO 80525
      View Details
    • $420,000
      2,387 SF

      Fort Collins Office Suite Available

      Office suite for sale in northeast Fort Collins.
      1513 Riverside Ave, Fort Collins, CO 80524
      View Details
    • $800,000
      0.33 Acres

      Fort Collins Office Investment Opportunity

      Office space in Timberline Office Park, South Central Fort Collins.
      2002 Caribou Dr, Fort Collins, CO 80525
      View Details
    • $950,000
      0.33 Acres

      Fort Collins Office Investment Opportunity

      Office space in Timberline Office Park, Fort Collins.
      2002 Caribou Dr, Fort Collins, CO 80525
      View Details
    • $650,000
      0.33 Acres

      Fort Collins Office Investment Opportunity

      Office suite in Timberline Office Park, South Central Fort Collins.
      2002 Caribou Dr, Fort Collins, CO 80525
      View Details
    • $725,000
      0.30 Acres

      Professional Office Condo For Sale

      Well-maintained office condo in desirable Fort Collins location.
      3726 S Timberline Rd, 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
    • $1,600,000
      7,100 SF

      Prime Fort Collins Medical Office

      Exceptional medical office building in central Fort Collins location.
      375 E Horsetooth Rd, Fort Collins, CO 80525
      View Details
    • $600,000
      0.33 Acres

      Fort Collins Office Investment Opportunity

      Office space in Timberline Office Park, South Central Fort Collins.
      2002 Caribou Dr, Fort Collins, CO 80525
      View Details
    • $890,000
      0.39 Acres

      Medical Office on Horsetooth

      Well-maintained medical office, potential for standard office conversion.
      1424 E Horsetooth Rd, Fort Collins, CO 80525
      View Details
    • $195,000
      0.06 Acres

      Midtown Office Suite For Sale

      Second floor office suite with leased offices in Fort Collins.
      155 W Harvard St, Fort Collins, CO 80525
      View Details
    • $2,400,000
      0.18 Acres

      Old Town Fort Collins Investment

      Fully leased commercial property in the heart of Old Town.
      140 W Oak St, Fort Collins, CO 80524
      View Details

    FAQs

    What type of property is this?
    Commercial land - 12,000 SF lot with 1,724 SF building.
    Where is this commercial land located?
    The property is located at 500 Garfield St Fort Collins, CO.
    What are key features of this property?
    This property features: - Large 12,000sf lot size; - 1,724sf building included; - OT - B residential zoning
    Request Owner's contact information
    500 Garfield St Fort Collins, CO 80524
    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.
    500 Garfield St
    Fort Collins, CO 80524
    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
    500 Garfield St Fort Collins, CO 80524
    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

    We can help!
    Listing Contact
    Chris Penner
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!