Fort Collins Commercial Property For
For Sale
$799,000
2602 N Taft Hill, Fort Collins, CO 80524
2,350 SF commercial property with processing equipment included.
Property Size2,350 SF
Lot Size0.50 Acres
Price / SF$340
Days on Market101
Property Features for 2602 N Taft Hill
General Information
Standard status
Active
Size
2,350 SF
Lot size
0.50 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,944
Amenities
Central air
Ceiling Fan(s) Cooling
Hot Water Heating
Level
Paved
Shake Roof
Zoned Heating
Building Details
Year Built
1966
Listing Agency:
Hayden Outdoors - Windsor
(970) 674-1990
Listed By:
BENJAMIN BOEHMIG
Source:
Corcoran
Added: May 22
Changed: Aug 28
Last Checked: Aug 29 at 7:21AM
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 Hayden Outdoors - Windsor
Investment Insights
Based on property information with market context.
This 2,350 square foot commercial property is located in north Fort Collins on a 0.5-acre lot. The property benefits from strong visibility, with traffic counts between 3,000 and 5,000 vehicles per day. The building was formerly a veterinary clinic and is currently a specialty meats processor. The property includes office and retail space, two walk-in cooler/freezer units, and a fully equipped meat processing setup. Front customer parking and rear storage/parking are available. All processing equipment is included.
Key Highlights
- Turnkey commercial property with fully equipped meat processing setup included.
- Benefit from two walk‑in cooler/freezer units already installed.
- Versatile 2,350 SF building suitable for office/retail or processing.
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
$40,397
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
5.06%
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%
$807,940
$807.9K
Cap Rate 7%
$577,100
$577.1K
Cap Rate 9%
$448,856
$448.9K
Market Conditions
NOI Build-Up for 2,350 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
$56.4K $24.00/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$53.9K $22.92/SF
− OpEx
−$13.5K −$5.73/SF
NOI
$40.4K $17.19/SF
Area
Fort Collins, CO
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$807,940
Cap Rate 7%
$577,100
Cap Rate 9%
$448,856
Alternative Uses
Best Use
Specialty Retail
$577.1K
$505.0K – $673.3K
NOI $40,397 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$506.3K
$443.0K – $590.7K
NOI $35,443 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$611.9K
$535.5K – $713.9K
NOI $42,836 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
35
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - 2,350 SF commercial property with processing equipment included.
Where is this storefront property located?
The property is located at 2602 N Taft Hill Fort Collins, CO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Turnkey commercial property with **fully equipped meat processing setup included**.; Benefit from **two walk‑in cooler/freezer units already installed**.; Versatile 2,350 SF building suitable for office/retail or processing.
