End-Unit Flex
1318 Blue Spruce Dr Unit 1, Fort Collins, CO 80524
For Sale
New
$450,000
The tenant-occupied space includes abundant windows and a 10-foot overhead door.
Property Size1,886 SF
Days on Market2
Property Features for 1318 Blue Spruce Dr Unit 1
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty-NOCO
Listed By:
Alan Jones
(970) 566-1217
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 4:08AM
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 Coldwell Banker Realty-NOCO
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1996, this flex-space condominium is an end unit with numerous windows and a 10-foot overhead door. It is currently tenant occupied.
The association handles parking-lot maintenance, snow removal, exterior building insurance outside the studs, and water and sewer. The seller may consider carrying financing with a substantial down payment; possible terms are subject to discussion with the broker.
The association handles parking-lot maintenance, snow removal, exterior building insurance outside the studs, and water and sewer. The seller may consider carrying financing with a substantial down payment; possible terms are subject to discussion with the broker.
Key Highlights
- End‑unit flex‑space condominium
- Tenant occupied
- 10‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,971
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,420
$379.4K
Cap Rate 7%
$271,014
$271.0K
Cap Rate 9%
$210,789
$210.8K
Market Conditions
NOI Build-Up for 1,886 SF
Gross rent
$28.3K $15.00/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$27.1K $14.37/SF
− OpEx
−$8.1K −$4.31/SF
NOI
$19.0K $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%
$379,420
Cap Rate 7%
$271,014
Cap Rate 9%
$210,789
Alternative Uses
Best Use
Industrial
$271.0K
$237.1K – $316.2K
NOI $18,971 @ 7.0% cap · market cap 4.22%
Second Best
Flex RnD
$258.2K
$225.9K – $301.2K
NOI $18,072 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$491.1K
$429.7K – $573.0K
NOI $34,378 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Under-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
$527,700
Median Home Value
Market
Average Price Trend$/SF for Flex space in Fort Collins, CO
Properties on Market for Flex space in Fort Collins
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- FOCO BBQ — 238 Osiander St C, Fort Collins, CO 80524
Frequently Asked Questions
What type of property is this?
Flex space - The tenant-occupied space includes abundant windows and a 10-foot overhead door.
Where is this flex space located?
The property is located at 1318 Blue Spruce Dr Unit 1 Fort Collins, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: End‑unit flex‑space condominium; Tenant occupied; 10‑foot overhead door
