Upgraded Commercial Property For
For Sale
$1,363,050
1101 Academy #5, Fort Collins, CO 80524
6,058 SF commercial property with recent upgrades, ideal location.
Property Size6,058 SF
Price / SF$225
Days on Market537
Property Features for 1101 Academy #5
General Information
Standard status
Active
Size
6,058 SF
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Flat Roof
Forced Air Heating
Building Details
Year Built
2000
Listing Agency:
Cushman & Wakefield
(970) 776-3900
Listed By:
NATE HECKEL · License #FA.040037901
Source:
Corcoran
Added: Feb 20, 2025
Changed: Aug 8
Last Checked: Apr 5 at 8:33PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
Located at 1101 Academy Ct 5 in Fort Collins, CO, this 6,058 SF commercial property is available for sale. The space has undergone significant owner improvements enhancing its functionality, safety, and compliance. Key upgrades include a sprinkler system upgrade, the addition of an H-3 room for flammable liquid storage, floor drains for improved waste management, an expanded electrical panel, overhead access-only entry for controlled security, and gas heaters for efficient climate control. Strategically positioned just five minutes from Old Town Fort Collins and Colorado State University, with easy access to I-25 in under 10 minutes, this property is ideal for businesses seeking a well-equipped, accessible, and move-in-ready space.
Key Highlights
- Prime location: Just 5 minutes from Old Town Fort Collins and Colorado State University, and under 10 minutes to I‑25.
- Upgraded and move‑in‑ready: Benefit from significant owner improvements that enhance functionality, safety, and compliance.
- Substantial size: This commercial space offers 6,058 SF.
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
$60,937
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
4.47%
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%
$1,218,740
$1.2M
Cap Rate 7%
$870,529
$870.5K
Cap Rate 9%
$677,078
$677.1K
Market Conditions
NOI Build-Up for 6,058 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
$90.9K $15.00/SF
− Vacancy
−$3.8K −$0.63/SF
EGI
$87.1K $14.37/SF
− OpEx
−$26.1K −$4.31/SF
NOI
$60.9K $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%
$1,218,740
Cap Rate 7%
$870,529
Cap Rate 9%
$677,078
Alternative Uses
Best Use
Industrial
$870.5K
$761.7K – $1.02M
NOI $60,937 @ 7.0% cap · market cap 4.47%
Second Best
Flex RnD
$829.3K
$725.6K – $967.5K
NOI $58,050 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,425 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
Balanced
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 6,058 SF commercial property with recent upgrades, ideal location.
Where is this flex space located?
The property is located at 1101 Academy #5 Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,363,050.
What are key features of this property?
This property features: Prime location: Just 5 minutes from Old Town Fort Collins and Colorado State University, and under 10 minutes to I‑25.; Upgraded and move‑in‑ready: Benefit from significant owner improvements that enhance functionality, safety, and compliance.; Substantial size: This commercial space offers 6,058 SF.
