Restored Historic Office
For Sale
$1,150,000
312 E Mulberry St, Fort Collins, CO 80524
Restored 1905 building offers private offices, conference space, reception area, and on-site parking with strong street visibility.
Days on Market10
Property Features for 312 E Mulberry St
General Information
Standard status
Active
Property subtype
Commercial
Zoning
NCB
Additional Details
Office Units
4
Amenities
conference room
reception area
on-site parking
Building Details
Building Size
2,684 SF
Year Built
1905
Listing Agency:
(970) 988-9367
Listed By:
Emily Heinz
(970) 988-9367
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Aug 1 at 5:09AM
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 Emily Heinz
Investment Insights
Based on property information with market context.
Originally constructed in 1905 as the Fothergill Residence, this restored property blends historic character with modern systems and finishes. Recent upgrades include completely updated electrical wiring, a brand-new designer kitchen, and two remodeled bathrooms. The upper level provides four spacious private offices, along with a large conference room and a welcoming reception or waiting area, with abundant natural light throughout.
The building is positioned for strong street visibility and signage opportunities, and it includes on-site parking. Neighborhood Commercial Buffer (NCB) zoning provides flexibility for uses beyond traditional office.
The property is described as well suited for professional office and service uses, with zoning flexibility that may also accommodate a broader range of potential concepts subject to City approval.
The building is positioned for strong street visibility and signage opportunities, and it includes on-site parking. Neighborhood Commercial Buffer (NCB) zoning provides flexibility for uses beyond traditional office.
The property is described as well suited for professional office and service uses, with zoning flexibility that may also accommodate a broader range of potential concepts subject to City approval.
Key Highlights
- Historic 1905 Fothergill Residence restored with updated modern systems and finishes
- Completely updated electrical wiring plus brand‑new designer kitchen by Connely Custom Cabinetry
- Two remodeled bathrooms and abundant natural light throughout
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.9k | $21.96 |
| − Vacancy | −$8.7k | −$3.25 |
| EGI | $50.2k | $18.71 |
| − OpEx | −$12.6k | −$4.68 |
| NOI | $37.7k | $14.03 |
2,684 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$538.0K
$470.8K – $627.7K
NOI $37,663 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$698.9K
$611.6K – $815.4K
NOI $48,924 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,547
Businesses Nearby
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Restored 1905 building offers private offices, conference space, reception area, and on-site parking with strong street visibility.
Where is this office building located?
The property is located at 312 E Mulberry St Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Historic 1905 Fothergill Residence restored with updated modern systems and finishes; Completely updated electrical wiring plus brand‑new designer kitchen by Connely Custom Cabinetry; Two remodeled bathrooms and abundant natural light throughout
