Customizable Warehouse Space
For Sale
Contact for pricing
11 NW Frontage Rd Unit 400, Fort Collins, CO 80524
Unique, customizable warehouse space perfect for business, storage, or recreation.
Property Size1,352 SF
Price / SF$380
Days on Market1354
Property Features for 11 NW Frontage Rd Unit 400
General Information
Standard status
Active
Size
1,352 SF
Property subtype
Industrial
Zoning
Light Industrial
Lease Type
NNN
Building Details
Year Built
2023
Buildings
1
Listing Agency:
Personal Warehouse & Red Commercial
Listed By:
Steve Garrison · License #CO
Source:
Crexi
Added: Dec 16, 2022
Changed: Aug 24
Last Checked: Aug 31 at 3:44AM
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 Personal Warehouse & Red Commercial
Investment Insights
Based on property information with market context.
This customizable warehouse space offers a solution for various needs, including business, storage, or recreational use. The property features customizable interiors and standard amenities such as HVAC, power, security, and unlimited access. It includes a 14 x 14 overhead door with an operator, mezzanines with windows and LVC flooring, a custom restroom with shower rough-in, HVAC with ducting, polished concrete floors and interior paint, LED lighting, and wet bars. The space provides 24-hour access and is move-in ready. The property size is 1352 square feet.
Key Highlights
- Customizable Interiors: Adapt the space to suit your specific needs.
- Move‑in Ready: Immediate occupancy with completed interior finishes.
- 24‑Hour Access: Enjoy unrestricted access to the property.
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
$16,514
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
3.21%
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%
$330,280
$330.3K
Cap Rate 7%
$235,914
$235.9K
Cap Rate 9%
$183,489
$183.5K
Market Conditions
NOI Build-Up for 1,352 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
$20.3K $15.00/SF
− Vacancy
−$852 −$0.63/SF
EGI
$19.4K $14.37/SF
− OpEx
−$2.9K −$2.16/SF
NOI
$16.5K $12.21/SF
Area
Fort Collins, CO
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$330,280
Cap Rate 7%
$235,914
Cap Rate 9%
$183,489
Alternative Uses
Best Use
Warehouse
$235.9K
$206.4K – $275.2K
NOI $16,514 @ 7.0% cap · market cap 3.21%
Second Best
Industrial
$194.3K
$170.0K – $226.7K
NOI $13,600 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$352.1K
$308.1K – $410.7K
NOI $24,644 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Well-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 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?
Warehouse - Unique, customizable warehouse space perfect for business, storage, or recreation.
Where is this warehouse located?
The property is located at 11 NW Frontage Rd Unit 400 Fort Collins, CO.
What is the asking price?
The asking price for this property is $513,760.
What are key features of this property?
This property features: Customizable Interiors: Adapt the space to suit your specific needs.; Move‑in Ready: Immediate occupancy with completed interior finishes.; 24‑Hour Access: Enjoy unrestricted access to the property.
