Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Drive-Thru Opportunity in Fort Collins Title is generated by Realmo AI

    1298 N College, Fort Collins, CO 80524

    View on Map
    Claim this Listing
    For Sale
    $1,450,000

    Freestanding 3,933 SF building with drive-thru on 0.91 acres.

    Type:Commercial
    Property size:
    3,933 SF
    Lot size:
    0.91 Acres
    Price / SF:
    $368/SF
    Added:
    May 23, 2025
    Days on Market:
    378
    Last Refresh:
    Apr 5 at 8:31 pm

    Property Features for 1298 N College

    General Information

    Standard status
    Active
    Size
    3,933 SF
    Lot size
    0.91 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    THE KRAFTING HOME TEAM

    Listing agent THE KRAFTING HOME TEAM

    Listing office Realty One Group Fourpoints

    Listing date May 23, 2025

    Source Corcoran

    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 Realty One Group Fourpoints

    HighLights

    • Rare drive‑thru commercial opportunity in Fort Collins.
    • Excellent visibility with strong frontage on North College Ave.
    • Freestanding 3,933 SF building on a 0.91‑acre lot.
    • CS zoning with a wide variety of permitted uses.
    • 20 on‑site parking spaces.
    • Full basement for added flexibility.

    Overview

    This freestanding 3,933 SF building in Fort Collins presents a commercial opportunity with a dedicated drive-thru. The property is situated on a 0.91-acre lot and includes 20 on-site parking spaces. It features a full basement for added flexibility. The building benefits from excellent visibility, monument signage, and frontage on North College Ave. Zoned CS, the property allows for a wide variety of permitted uses. It is suitable for owner-users, franchise operators, or investors seeking a high-exposure retail or service location. The seller intends to retain the property after December 31, 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.076
    Latitude
    40.6045

    Nearby Similar for Sale

    • $1,975,000
      10,500 SF

      Retail Store with Yard Storage

      10,500 SF retail store with parking and yard.
      4001 S Taft Hill Rd, Fort Collins, CO 80526
      View Details
    • $1,500,000
      6,443 SF

      Professional Office Building in Fort Collins

      Well-maintained office building in west Fort Collins, suitable for various uses.
      1000 Centre Ave, Fort Collins, CO 80526
      View Details
    • $1,050,000
      2,772 SF

      Triplex-Style Residential Income Property

      Three separate living spaces with two utility meters, positioned for owner-occupant or investor flexibility pending city approvals.
      629 Stover St, Fort Collins, CO 80524
      View Details
    • $1,415,000
      7,100 SF

      Prime Fort Collins Medical Office

      Exceptional medical office building in central Fort Collins location.
      375 E Horsetooth Rd, Fort Collins, CO 80525
      View Details
    • $995,000
      3,456 SF

      Fort Collins Fourplex Investment Opportunity

      Turnkey fourplex in a desirable Fort Collins location.
      4500 Stover St, Fort Collins, CO 80525
      View Details
    • $559,000
      2,290 SF

      Over-Under Duplex with Private Entrances

      Over-under duplex offering separate utilities, private lower entry, and a fully fenced backyard with a large patio.
      723 E Prospect Rd, Fort Collins, CO 80525
      View Details
    • $549,900

      Downtown Fort Collins Office Building

      Unique office building in the heart of downtown Fort Collins.
      500 E Oak St, Fort Collins, CO 80524
      View Details
    • $925,000
      3,862 SF

      Fort Collins Fourplex Near Hospital

      Well-maintained fourplex in prime location with strong rental history.
      1009 McHugh St, Fort Collins, CO 80524
      View Details
    • $899,000
      2,348 SF

      Old Town Fort Collins Investment

      Investment property in prime Old Town Fort Collins location.
      416 Locust St, Fort Collins, CO 80524
      View Details
    • $725,000

      Professional Office Condo For Sale

      Well-maintained office condo in desirable Fort Collins location.
      3726 S Timberline Rd, Fort Collins, CO 80525
      View Details
    • $1,650,000
      4,357 SF

      Old Town Fort Collins Quadplex

      Completely rebuilt, high-end 4-unit rental property in prime location.
      625 Peterson St, Fort Collins, CO 80524
      View Details
    • $1,550,000
      5,840 SF

      Adaptable Retail/Flex Building For Sale

      5,840 SF building with showroom, office, and warehouse space.
      819 E Mulberry Street, Fort Collins, CO 80524
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Freestanding 3,933 SF building with drive-thru on 0.91 acres.
    Where is this drive through restaurant located?
    The property is located at 1298 N College Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Rare drive‑thru commercial opportunity in Fort Collins.; Excellent visibility with strong frontage on North College Ave.; Freestanding 3,933 SF building on a 0.91‑acre lot.
    (970) 573-5880
    We can help!
    Listing Contact
    THE KRAFTING HOME TEAM
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1298 N College, Fort Collins, CO 80524
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!