Brick Flex Building with Fenced
For Sale
Contact for pricing
1309 Duff Drive, Fort Collins, CO 80524
Industrial-zoned property combines office, warehouse, and secured outdoor yard space within the Fort Collins Business Center.
Property Size4,612 SF
Price / SF$319.82
Days on Market137
Property Features for 1309 Duff Drive
General Information
Standard status
Active
Size
4,612 SF
Property subtype
Industrial
Zoning
Industrial
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$83,360
Building Details
Year Built
1995
Tenancy
Single
Listing Agency:
RE/MAX Commercial Alliance
(970) 482-1781
Listed By:
Jarrett Beck · License #100107851
Source:
Crexi
Added: Apr 17
Changed: Aug 30
Last Checked: Aug 30 at 4:13PM
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 RE/MAX Commercial Alliance
Investment Insights
Based on property information with market context.
Built in 1995, this 4,612-square-foot flex property is a brick building configured with office space, warehouse area, and a fenced yard. The industrial-zoned asset offers a practical combination of enclosed workspace and secured outdoor storage or operational area.
The property is located in the Fort Collins Business Center between downtown Fort Collins and I-25, with north Denver approximately 50 minutes away. It is leased through July 2027 and includes two 3-year extension options, which could extend the lease term through 2033. Terracon Consulting, Inc. is the current tenant.
The property is located in the Fort Collins Business Center between downtown Fort Collins and I-25, with north Denver approximately 50 minutes away. It is leased through July 2027 and includes two 3-year extension options, which could extend the lease term through 2033. Terracon Consulting, Inc. is the current tenant.
Key Highlights
- 4,612‑square‑foot brick flex building constructed in 1995
- Office, warehouse, and fenced yard configuration
- Industrial zoning
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
$56,333
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
3.82%
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%
$1,126,660
$1.1M
Cap Rate 7%
$804,757
$804.8K
Cap Rate 9%
$625,922
$625.9K
Market Conditions
NOI Build-Up for 4,612 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
$69.2K $15.00/SF
− Vacancy
−$2.9K −$0.63/SF
EGI
$66.3K $14.37/SF
− OpEx
−$9.9K −$2.16/SF
NOI
$56.3K $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%
$1,126,660
Cap Rate 7%
$804,757
Cap Rate 9%
$625,922
Alternative Uses
Best Use
Warehouse
$804.8K
$704.2K – $938.9K
NOI $56,333 @ 7.0% cap · market cap 3.82%
Second Best
Industrial
$662.7K
$579.9K – $773.2K
NOI $46,392 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,068 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
911
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?
Flex space - Industrial-zoned property combines office, warehouse, and secured outdoor yard space within the Fort Collins Business Center.
Where is this flex space located?
The property is located at 1309 Duff Drive Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 4,612‑square‑foot brick flex building constructed in 1995; Office, warehouse, and fenced yard configuration; Industrial zoning
