Auto Repair Shop For
For Sale
Contact for pricing
2339 E Mulberry St, Fort Collins, CO 80524
Commercial automotive repair facility in established Fort Collins neighborhood.
Property Size3,124 SF
Lot Size0.33 Acres
Price / SF$316.90
Days on Market168
Property Features for 2339 E Mulberry St
General Information
Standard status
Active
Size
3,124 SF
Class
C
Lot size
0.33 Acres
Property subtype
Retail, Industrial
Investment Type
Owner/User
Building Details
Year Built
1959
Year Renovated
2008
Listing Agency:
Step Commercial Real Estate
Listed By:
Manuel Martin · License #FA100100336
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 11 at 8:37AM
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 Step Commercial Real Estate
Investment Insights
Based on property information with market context.
The property is a commercial automotive repair facility with approximately 3,124 square feet of building space on a 0.33-acre lot. Historically, it has been used as an auto repair and maintenance shop. The building is equipped to accommodate vehicle maintenance, diagnostic, and repair functions typical for a full-service independent auto shop. All FF&E is included in the purchase price. The property is situated in Fort Collins, Colorado, in a mixed commercial-industrial corridor east of the city’s downtown core, with good visibility from Mulberry Street, a busy east–west thoroughfare in the area. The property lies within Larimer County and is part of an established automotive and service-oriented neighborhood with convenient access to major roads and a strong local traffic base. The location supports both local vehicle traffic and customers from surrounding communities.
Key Highlights
- Existing auto repair facility with 3,124 sq ft building on 0.33 acre lot.
- All FF&E included in the purchase price.
- Located on busy Mulberry Street with good visibility.
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
$47,117
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
4.76%
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%
$942,340
$942.3K
Cap Rate 7%
$673,100
$673.1K
Cap Rate 9%
$523,522
$523.5K
Market Conditions
NOI Build-Up for 3,124 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
$70.9K $22.68/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$67.3K $21.55/SF
− OpEx
−$20.2K −$6.46/SF
NOI
$47.1K $15.08/SF
Area
Fort Collins, CO
Vacancy
5.00%
Lease Rate
$22.68 /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%
$942,340
Cap Rate 7%
$673,100
Cap Rate 9%
$523,522
Alternative Uses
Best Use
Retail
$673.1K
$589.0K – $785.3K
NOI $47,117 @ 7.0% cap · market cap 4.76%
Second Best
Industrial
$448.9K
$392.8K – $523.7K
NOI $31,424 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$813.5K
$711.8K – $949.1K
NOI $56,944 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Well-served
Demand for This Use
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 Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Seneff Transmission And Performance — 1554 Riverside Ave, Fort Collins, CO 80524
- Tim's Quality Automotive — 1608 Riverside Ave, Fort Collins, CO 80524
- Fort Collins Mobile Mechanic — 1552 Riverside Ave, Fort Collins, CO 80524
- Crash Champions Collision Repair Mulberry Street — 1617 E Mulberry St, Fort Collins, CO 80524
- CarStar Car Inspections — 1833 E Mulberry St, Fort Collins, CO 80524
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial automotive repair facility in established Fort Collins neighborhood.
Where is this auto shop located?
The property is located at 2339 E Mulberry St Fort Collins, CO.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Existing auto repair facility with 3,124 sq ft building on 0.33 acre lot.; All FF&E included in the purchase price.; Located on busy Mulberry Street with good visibility.
