Listing Agency: Matthews Real Estate Investment Services - Corporate Show Phone

Listed By: Brayden Conner · License #EC.100099522|ER.100106933 Show Phone

Source: Moodyscre

Added: Oct 28 Changed: Oct 30 Last Checked: Oct 30 at 2:24PM

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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 Matthews Real Estate Investment Services - Corporate

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This auto shop property in Fort Collins encompasses 11,990 square feet. Two access points serve vehicles arriving from northbound and southbound directions, providing separate points of entry to the site.

Key Highlights

• 11,990 square feet of property area
• Two access points serve northbound and southbound traffic
• Located in Fort Collins, Colorado

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$120,607

Cap Rate

8.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,412,140 $2.4M

Cap Rate 7%

$1,722,957 $1.7M

Cap Rate 9%

$1,340,078 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,990 SF

Gross rent

$179.9K $15.00/SF

− Vacancy

−$7.6K −$0.63/SF

EGI

$172.3K $14.37/SF

− OpEx

−$51.7K −$4.31/SF

NOI

$120.6K $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 Rate 5%

$2,412,140

Cap Rate 7%

$1,722,957

Cap Rate 9%

$1,340,078

Alternative Uses

Best Use

Retail

$2.58M

$2.26M – $3.01M (±1% cap)

NOI $180,836 @ 7.0% cap · market cap 12.06%

Second Best

Industrial

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,607 @ 7.0% cap · market cap 8.04%

Theoretical Best

Office A

$3.12M

$2.73M – $3.64M (±1% cap)

NOI $218,554 @ 7.0% cap · market cap 14.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Horizon Sheet Metal HVAC Service

Suggested Use

Top Pick Grocery & Convenience Store Daycare Center Electrical Service Locksmith Home Appliance Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

27,000 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

561

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 Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

• Kennedy Auto Repair — 428 Maple St, Fort Collins, CO 80521
• Kennedy Automatic Transmission — 424 Maple St, Fort Collins, CO 80521
• Valvoline Instant Oil Change — 410 N College Ave, Fort Collins, CO 80524
• A Classic Touch Inc / Motorcycle Shop — 300 N College Ave, Fort Collins, CO 80524
• Fort Collins Mobile Semi Truck Repair — 343 N College Ave, Fort Collins, CO 80524

Frequently Asked Questions

What type of property is this?

Auto shop - Two access points accommodate traffic approaching from both northbound and southbound directions.

Where is this auto shop located?

The property is located at 126 Hemlock Fort Collins, CO.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 11,990 square feet of property area; Two access points serve northbound and southbound traffic; Located in Fort Collins, Colorado