Three-Story Office
For Sale
$4,950,000
3702 Automation Way, Fort Collins, CO 80525
Three-story office building in a Fort Collins business park with suite sizes down to 3,000 SF.
Property Size30,838 SF
Price / SF$160.52
Days on Market74
Property Features for 3702 Automation Way
General Information
Standard status
Active
Size
30,838 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$106,010
Building Details
Building Size
30,838 SF
Year Built
2002
Stories
3
Listing Agency:
CBRE - Fort Collins
Listed By:
Annah Moore · License #CO40022278
(970) 372-3853
Source:
Elliman
Added: Jun 24
Changed: Aug 26
Last Checked: Sep 4 at 10:04AM
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 CBRE - Fort Collins
Investment Insights
Based on property information with market context.
CBRE presents a three-story office building located in Southeast Fort Collins. The property totals 30,838 SF and has historically maintained full occupancy. Current availability provides flexibility to acquire or lease up to 22,706 SF, with suite configurations down to 3,000 SF.
The building is situated within the Horsetooth East Business Park, with access to I-25 and proximity to the Harmony Corridor. BikeScore is 70 (Very Bikeable), while WalkScore is 28 (Car-Dependent) and TransitScore is 22 (Minimal Transit).
The building is situated within the Horsetooth East Business Park, with access to I-25 and proximity to the Harmony Corridor. BikeScore is 70 (Very Bikeable), while WalkScore is 28 (Car-Dependent) and TransitScore is 22 (Minimal Transit).
Key Highlights
- Three‑story office building built in 2002 in Southeast Fort Collins
- 30,838 SF office property in the Horsetooth East Business Park
- Historically maintained full occupancy; offers lease‑up upside with flexibility to acquire or lease up to 22,706 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
$432,732
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
8.74%
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%
$8,654,640
$8.7M
Cap Rate 7%
$6,181,886
$6.2M
Cap Rate 9%
$4,808,133
$4.8M
Market Conditions
NOI Build-Up for 30,838 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
$677.2K $21.96/SF
− Vacancy
−$100.2K −$3.25/SF
EGI
$577.0K $18.71/SF
− OpEx
−$144.2K −$4.68/SF
NOI
$432.7K $14.03/SF
Area
Fort Collins, CO
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$8,654,640
Cap Rate 7%
$6,181,886
Cap Rate 9%
$4,808,133
Alternative Uses
Best Use
Office B
$6.18M
$5.41M – $7.21M
NOI $432,732 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.03M
$7.03M – $9.37M
NOI $562,115 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 80525, CO
55,901
Population
25,144
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
2,389
Density / Sq Mi
$93,349
Median Household Income
$48,876
Median Earnings
$1,744
Median Rent
$563,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building in a Fort Collins business park with suite sizes down to 3,000 SF.
Where is this office building located?
The property is located at 3702 Automation Way Fort Collins, CO.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Three‑story office building built in 2002 in Southeast Fort Collins; 30,838 SF office property in the Horsetooth East Business Park; Historically maintained full occupancy; offers lease‑up upside with flexibility to acquire or lease up to 22,706 SF
