Mixed-Use Property with Owner-User
203 W Myrtle St, Fort Collins, CO 80521
For Sale
$1,600,000
Three apartments and three commercial suites support a mixed-use configuration with approximately 1,200 SF for an owner-user.
Property Size4,800 SF
Days on Market90
Property Features for 203 W Myrtle St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Realtec C.R.E.S., LLC
Listed By:
Erik Broman · License CO FA.100006880
(970) 229-9900
Source:
Elliman
Added: Aug 13
Changed: Nov 5
Last Checked: Nov 8 at 7:02AM
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 C.R.E.S., LLC
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Investment Insights
Based on property information with market context.
Built in 1899, this mixed-use property combines three apartments with three commercial suites. Approximately 1,200 SF is available for an owner-user, providing an identified portion of the building for occupancy. The asset has undergone many upgrades and includes on-site parking.
The building occupies a corner lot at Mason and Myrtle in Downtown Fort Collins. Its setting scores 100 for biking, 74 for walking, and 42 for transit, with the property described as a Biker’s Paradise and Very Walkable location. These access metrics provide context for the property’s urban setting and multimodal connectivity.
The building occupies a corner lot at Mason and Myrtle in Downtown Fort Collins. Its setting scores 100 for biking, 74 for walking, and 42 for transit, with the property described as a Biker’s Paradise and Very Walkable location. These access metrics provide context for the property’s urban setting and multimodal connectivity.
Key Highlights
- Three apartments and three commercial suites
- Approximately 1,200 SF available for an owner‑user
- 1899 construction with many upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,265
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,300
$1.4M
Cap Rate 7%
$975,214
$975.2K
Cap Rate 9%
$758,500
$758.5K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$118.1K $24.60/SF
− Vacancy
−$8.9K −$1.85/SF
EGI
$109.2K $22.76/SF
− OpEx
−$41.0K −$8.53/SF
NOI
$68.3K $14.22/SF
Area
Fort Collins, CO
Vacancy
7.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,300
Cap Rate 7%
$975,214
Cap Rate 9%
$758,500
Alternative Uses
Best Use
Mixed Use
$975.2K
$853.3K – $1.14M
NOI $68,265 @ 7.0% cap · market cap 4.27%
Second Best
Office B
$962.2K
$842.0K – $1.12M
NOI $67,356 @ 7.0% cap · market cap 4.21%
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.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,281
Businesses Nearby
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Business Placement
Demographics for 80521, CO
37,451
Population
15,121
Households
2.5
Avg Household Size
26
Median Age
63%
College-Educated
98%
High-School Grad
14.0 sq mi
ZIP Area
2,675
Density / Sq Mi
$52,679
Median Household Income
$15,918
Median Earnings
$1,412
Median Rent
$541,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Larimer County, CO
Properties on Market for Mixed-use properties in Larimer County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments and three commercial suites support a mixed-use configuration with approximately 1,200 SF for an owner-user.
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: Three apartments and three commercial suites; Approximately 1,200 SF available for an owner‑user; 1899 construction with many upgrades
