Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Warehouse with Expansion Potential Title is generated by Realmo AI

    1415 Blue Spruce Cir, Fort Collins, CO

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    34,896 SF warehouse with loading docks and expansion possibilities.

    Type:INDUSTRIAL
    Property size:
    34,896 SF
    Lot size:
    2.05 Acres
    Price / SF:
    $169/SF
    Added:
    Jul 10, 2025
    Days on Market:
    326
    Last Refresh:
    May 19 at 9:34 pm

    Property Features for 1415 Blue Spruce Cir

    General Information

    Standard status
    Active
    Size
    34,896 SF
    Lot size
    2.05 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Pete Kelly
    Pete Kelly

    Listing agent Pete Kelly License #FA.040024504

    Listing office CBRE - Fort Collins

    Listing date Jul 10, 2025

    Source Moodyscre

    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

    HighLights

    • 3 front loading docks at trailer height and 4 rear bay doors at ground level.
    • Quick access to major travel arteries.
    • Opportunity for expansion with adjacent lot for sale.
    • Multiple different uses for the current building.
    • Less than 5 minutes from East Vine Drive and the Mulberry corridor.
    • Easy access to I‑25 and western Fort Collins.

    Overview

    The property at 1415 Blue Spruce Circle offers an opportunity for buyers to operate as is or consider expansion with the adjacent lot, which is also for sale. The current building supports various uses, featuring three front-loading docks at trailer height and four additional bay doors at ground level in the rear. The location provides quick access to major transportation routes, facilitating easy transportation and accessibility for workers and semi-trucks. East Vine Drive and the Mulberry corridor are both less than 5 minutes from the property, providing convenient access to I-25 and western Fort Collins.

    Local Financial Insights For Warehouse

    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 $523.4k $15.00
    − Vacancy −$22.0k −$0.63
    EGI $501.5k $14.37
    − OpEx −$75.2k −$2.16
    NOI $426.2k $12.21
    34,896 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $6.09M
    $5.33M – $7.10M (±1% cap)
    NOI $426,237 @ 7.0% cap · market cap 7.22%
    Second Best
    Industrial
    $5.01M
    $4.39M – $5.85M (±1% cap)
    NOI $351,019 @ 7.0% cap · market cap 5.95%
    Theoretical Best
    Office A
    $9.09M
    $7.95M – $10.60M (±1% cap)
    NOI $636,084 @ 7.0% cap · market cap 10.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • Prime Storage — 2120 midpoint dr, fort collins, co 80525
    • Stow It Self Storage — 1630 Riverside Ave, Fort Collins, CO 80524
    • Academy Boat & RV Storage — 1101 Academy Ct, Fort Collins, CO 80524
    • Just Store It! — 1640 Riverside Ave, Fort Collins, CO 80524
    • STOR-N-LOCK Self Storage — 2103 Joseph Allen Dr, Fort Collins, CO 80525

    Map

    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.05
    Latitude
    40.57

    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
    • $1,415,000
      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
    • $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
    • $559,000
      2,290 SF

      Fort Collins Duplex: Midtown Location

      Well-maintained duplex in Midtown Fort Collins, ideal for investment.
      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
    • $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
    • $775,000
      7,050 SF

      College Avenue Commercial Buildings For Sale

      Multiple buildings with frontage on College Avenue, suitable for commercial use.
      1307 N College, Fort Collins, CO 80524
      View Details

    FAQs

    What type of property is this?
    Warehouse - 34,896 SF warehouse with loading docks and expansion possibilities.
    Where is this warehouse located?
    The property is located at 1415 Blue Spruce Cir Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: 3 front loading docks at trailer height and 4 rear bay doors at ground level.; Quick access to major travel arteries.; Opportunity for expansion with adjacent lot for sale.
    (970) 217-4223 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Pete Kelly
    Pete Kelly
    Real Estate License ID: FA.040024504
    Learn More
    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
    1415 Blue Spruce Cir, Fort Collins, CO
    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!