Modern Office Warehouse in Fort
For Sale
$2,000,000
2026 Bear Mountain Dr 110, Fort Collins, CO 80525
Office warehouse built in 2020 with modern, high-end finishes.
Property Size6,850 SF
Lot Size0.10 Acres
Days on Market167
Property Features for 2026 Bear Mountain Dr 110
General Information
Standard status
Active
Size
6,850 SF
Lot size
0.10 Acres
Property subtype
Industrial
Building Details
Building Size
6,850 SF
Year Built
2020
Listing Agency:
The Group, Inc.
(970) 229-0700
Listed By:
Craig C Hau
(970) 229-0700
Source:
Elliman
Added: Mar 10
Changed: Aug 14
Last Checked: Aug 22 at 8:58AM
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 The Group, Inc.
Investment Insights
Based on property information with market context.
This office warehouse facility, constructed in 2020, is located in central Fort Collins. The property features modern, high-end office finishes, including a reception area, a large conference room, six private offices, two large open cubicle spaces, lunch rooms, and three bathrooms. The shop/warehouse area is equipped with three 14x14 overhead garage doors. The property is suitable for flex space, industrial, office, and warehouse uses.
Key Highlights
- Modern office warehouse built in 2020
- High‑end office finishing with reception, conference room, and multiple private offices
- Large shop/warehouse area
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
$68,904
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
3.45%
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%
$1,378,080
$1.4M
Cap Rate 7%
$984,343
$984.3K
Cap Rate 9%
$765,600
$765.6K
Market Conditions
NOI Build-Up for 6,850 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
$102.8K $15.00/SF
− Vacancy
−$4.3K −$0.63/SF
EGI
$98.4K $14.37/SF
− OpEx
−$29.5K −$4.31/SF
NOI
$68.9K $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 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%
$1,378,080
Cap Rate 7%
$984,343
Cap Rate 9%
$765,600
Alternative Uses
Best Use
Industrial
$984.3K
$861.3K – $1.15M
NOI $68,904 @ 7.0% cap · market cap 3.45%
Second Best
Flex RnD
$937.7K
$820.5K – $1.09M
NOI $65,639 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,862 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80525, CO
55,901
Population
25,144
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
2,389
Density / Sq Mi
$93,349
Median Household Income
$48,876
Median Earnings
$1,744
Median Rent
$563,100
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?
Flex space - Office warehouse built in 2020 with modern, high-end finishes.
Where is this flex space located?
The property is located at 2026 Bear Mountain Dr 110 Fort Collins, CO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Modern office warehouse built in 2020; High‑end office finishing with reception, conference room, and multiple private offices; Large shop/warehouse area
