Downtown Mixed-Use Corner
203 W Myrtle St Fort Collins, CO 80521
New
For Sale
Contact for pricing
Mixed-use building with three apartments and three commercial suites, plus an owner-user space on the main floor.
Property Size4,800 SF
Price / SF$333.33
Days on Market6
Property Features for 203 W Myrtle St
General Information
Standard status
Active
Size
4,800 SF
Property subtype
RETAIL
Listing Agency:
Realtec Fort Collins
(970) 229-9900
Listed By:
Erik Broman · License #FA.100006880
Source:
Moodyscre
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 28 at 3:28PM
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 Realtec Fort Collins
Investment Insights
Based on property information with market context.
This mixed-use property includes three apartments and three commercial suites, with an approximately 1,200 SF owner/user space available on the main floor (contact broker for details). The building has seen lots of recent capital expenditures, and it is described as always fully leased.
The asset sits on a corner lot and includes on-site parking, positioned as a highly sought-after Downtown Fort Collins offering.
Overall, the property provides a combined residential and retail/commercial configuration in a fully leased structure, with the main-floor space noted as available for an owner-user.
The asset sits on a corner lot and includes on-site parking, positioned as a highly sought-after Downtown Fort Collins offering.
Overall, the property provides a combined residential and retail/commercial configuration in a fully leased structure, with the main-floor space noted as available for an owner-user.
Key Highlights
- Mixed‑use building with 3 apartments and 3 commercial suites, plus an approx. 1,200 SF owner/user space on the main floor
- Owner/user space available on the main floor (approx. 1,200 SF) contact broker for details
- Always fully leased
Financial Insights For Retail
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 | $108.9k | $22.68 |
| − Vacancy | −$5.4k | −$1.13 |
| EGI | $103.4k | $21.55 |
| − OpEx | −$31.0k | −$6.46 |
| NOI | $72.4k | $15.08 |
4,800 SF · lease $22.68/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.03M
$904.9K – $1.21M
NOI $72,395 @ 7.0% cap · market cap 4.52%
Second Best
Mixed Use
$975.2K
$853.3K – $1.14M
NOI $68,265 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,494 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with three apartments and three commercial suites, plus an owner-user space on the main floor.
Where is this mixed-use property located?
The property is located at 203 W Myrtle St Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Mixed‑use building with 3 apartments and 3 commercial suites, plus an approx. 1,200 SF owner/user space on the main floor; Owner/user space available on the main floor (approx. 1,200 SF) contact broker for details; Always fully leased
