Manufacturing Building with Warehouse
New
For Sale
$1,500,000
1717 Willox Ct, Fort Collins, CO 80524
Industrial facility with divisible warehouse areas, existing leased space, and power suited to manufacturing operations.
Property Size11,163 SF
Price / SF$134.37
Days on Market5
Property Features for 1717 Willox Ct
General Information
Standard status
Active
Size
11,163 SF
Property subtype
Industrial
Building Details
Building Size
11,163 SF
Year Built
1972
Buildings
1
Listing Agency:
Cushman & Wakefield - Fort Collins, Colorado
(970) 690-4227
Listed By:
Jared Goodman · License #40017764
(970) 690-4227
Source:
Elliman
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 6:14PM
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 Cushman & Wakefield - Fort Collins, Colorado
Investment Insights
Based on property information with market context.
This 11,163-square-foot industrial building supports manufacturing, distribution, service, and warehouse operations. The property previously housed a helicopter manufacturing business and includes substantial power capacity. Up to 9,343 square feet of warehouse area can be divided for leasing, while a portion of the building is already leased and the remaining space is available for occupancy.
Located at 1717 Willox Ct in Fort Collins, the property is a short distance from College Avenue and major transportation routes. Its setting also records a Walk Score of 42, a Bike Score of 84, and a Transit Score of 34.
Located at 1717 Willox Ct in Fort Collins, the property is a short distance from College Avenue and major transportation routes. Its setting also records a Walk Score of 42, a Bike Score of 84, and a Transit Score of 34.
Key Highlights
- 11,163‑square‑foot industrial building
- Up to 9,343 square feet of divisible warehouse space
- Portion of the property is currently leased
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
$136,350
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
9.09%
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%
$2,727,000
$2.7M
Cap Rate 7%
$1,947,857
$1.9M
Cap Rate 9%
$1,515,000
$1.5M
Market Conditions
NOI Build-Up for 11,163 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
$167.4K $15.00/SF
− Vacancy
−$7.0K −$0.63/SF
EGI
$160.4K $14.37/SF
− OpEx
−$24.1K −$2.16/SF
NOI
$136.4K $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%
$2,727,000
Cap Rate 7%
$1,947,857
Cap Rate 9%
$1,515,000
Alternative Uses
Best Use
Warehouse
$1.95M
$1.70M – $2.27M
NOI $136,350 @ 7.0% cap · market cap 9.09%
Second Best
Industrial
$1.60M
$1.40M – $1.87M
NOI $112,289 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,479 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
492
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with divisible warehouse areas, existing leased space, and power suited to manufacturing operations.
Where is this manufacturing property located?
The property is located at 1717 Willox Ct Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,163‑square‑foot industrial building; Up to 9,343 square feet of divisible warehouse space; Portion of the property is currently leased
