College Avenue Commercial Buildings For
For Sale
$775,000
1307 N College Ave, Fort Collins, CO 80524
Multiple buildings with frontage on College Avenue, suitable for commercial use.
Property Size7,050 SF
Lot Size0.41 Acres
Price / SF$109.93
Days on Market128
Property Features for 1307 N College Ave
General Information
Standard status
Active
Size
7,050 SF
Lot size
0.41 Acres
Property subtype
Commercial
Building Details
Building Size
7,050 SF
Year Built
1963
Listing Agency:
RE/MAX Comm. Alliance-FTC Dwtn
(970) 215-7016
Listed By:
Michelle Hickey Crawford · License #1414
(970) 215-7016
Source:
Elliman
Added: Apr 24
Changed: Aug 13
Last Checked: Aug 29 at 11:51AM
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 Comm. Alliance-FTC Dwtn
Investment Insights
Based on property information with market context.
Multiple buildings are available for sale, featuring approximately 55 feet of frontage on College Avenue. The property is situated on a 0.41-acre parcel with an approximate 16-foot easement along the northern boundary. The total building square footage is estimated at 7,050 square feet. This includes a 3,300-square-foot retail building with frontage on College Avenue, a 1,500-square-foot storage space attached to the front retail building, an 1,100-square-foot office building with a kitchen, three offices, and an open workspace, and a 1,150-square-foot rear storage building. All sizes are approximate. The location experiences a traffic volume of 31,898 vehicles per day on North College Avenue (2017). The property is located in the 'C-S' Service Commercial District zone and the Colorado Enterprise Zone. The bike score is 73, indicating it is very bikeable. The walk score is 18, indicating car-dependent accessibility, and the transit score is 22, indicating minimal transit options.
Key Highlights
- High‑traffic location: 31,898 vehicles per day on N College Ave.
- Substantial price reduction to $775,000 ($110 per sf).
- Multiple buildings totaling approximately 7,050 sq ft: retail, office, and storage.
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
$70,916
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
9.15%
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%
$1,418,320
$1.4M
Cap Rate 7%
$1,013,086
$1.0M
Cap Rate 9%
$787,956
$788.0K
Market Conditions
NOI Build-Up for 7,050 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
$105.8K $15.00/SF
− Vacancy
−$4.4K −$0.63/SF
EGI
$101.3K $14.37/SF
− OpEx
−$30.4K −$4.31/SF
NOI
$70.9K $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%
$1,418,320
Cap Rate 7%
$1,013,086
Cap Rate 9%
$787,956
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,330 @ 7.0% cap · market cap 13.72%
Second Best
Office B
$1.41M
$1.24M – $1.65M
NOI $98,929 @ 7.0% cap · market cap 12.77%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,507 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
600
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Multiple buildings with frontage on College Avenue, suitable for commercial use.
Where is this storefront property located?
The property is located at 1307 N College Ave Fort Collins, CO.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: High‑traffic location: 31,898 vehicles per day on N College Ave.; Substantial price reduction to $775,000 ($110 per sf).; Multiple buildings totaling approximately 7,050 sq ft: retail, office, and storage.
