Flex Space with Overhead
For Sale
Contact for pricing
2536 Midpoint Drive, Fort Collins, CO 80525
Flexible commercial space with yard area, parking, signage options, and three overhead doors.
Property Size8,750 SF
Price / SF$240
Days on Market8
Property Features for 2536 Midpoint Drive
General Information
Standard status
Active
Size
8,750 SF
Property subtype
Industrial
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
Doberstein Lemburg Commercial, Inc.
Listed By:
Michael Harpell · License #ER100086293
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 10 at 1:23PM
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 Doberstein Lemburg Commercial, Inc.
Investment Insights
Based on property information with market context.
This 8,750-square-foot flex property was built in 1983 and includes three overhead doors, yard space, and ample on-site parking. Building and monument signage are available, supporting identification for occupants and visitors. Utilities are included within the NNN structure. The property is located at 2536 Midpoint Drive in Fort Collins, Colorado, providing a defined commercial address for industrial or flex-space operations.
Key Highlights
- 8,750 SF flex property at 2536 Midpoint Drive, Fort Collins, CO 80525
- Three overhead doors
- Yard space available
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
$106,877
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
5.09%
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%
$2,137,540
$2.1M
Cap Rate 7%
$1,526,814
$1.5M
Cap Rate 9%
$1,187,522
$1.2M
Market Conditions
NOI Build-Up for 8,750 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
$131.3K $15.00/SF
− Vacancy
−$5.5K −$0.63/SF
EGI
$125.7K $14.37/SF
− OpEx
−$18.9K −$2.16/SF
NOI
$106.9K $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%
$2,137,540
Cap Rate 7%
$1,526,814
Cap Rate 9%
$1,187,522
Alternative Uses
Best Use
Warehouse
$1.53M
$1.34M – $1.78M
NOI $106,877 @ 7.0% cap · market cap 5.09%
Second Best
Industrial
$1.26M
$1.10M – $1.47M
NOI $88,016 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,495 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Balanced
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 - Flexible commercial space with yard area, parking, signage options, and three overhead doors.
Where is this flex space located?
The property is located at 2536 Midpoint Drive Fort Collins, CO.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 8,750 SF flex property at 2536 Midpoint Drive, Fort Collins, CO 80525; Three overhead doors; Yard space available
