Freestanding Retail and Office
For Sale
Contact for pricing
3006 E Mulberry, Fort Collins, CO 80524
Freestanding building with multiple showrooms, private offices, and a fenced yard with a 1,875 SF workshop.
Property Size3,730 SF
Price / SF$308.31
Days on Market74
Property Features for 3006 E Mulberry
General Information
Standard status
Active
Size
3,730 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Listing Agency:
WayPoint Real Estate
(970) 481-5808
Listed By:
David Katz · License #EA100042752
(970) 481-5808
Source:
Moodyscre
Added: May 29
Changed: Aug 8
Last Checked: Aug 9 at 2:01PM
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 WayPoint Real Estate
Investment Insights
Based on property information with market context.
This freestanding retail and office building totals 3,730 SF and includes multiple showrooms and private office spaces. The offering also features a fenced yard and a separate 1,875 SF workshop.
Located along the E. Mulberry Street corridor in Fort Collins, the property is positioned near Interstate 25 and College Avenue, supporting convenient regional access.
The layout combines customer-facing showroom areas with private office space and includes on-site workshop space within the fenced yard, offering flexibility for an owner-user or a tenant seeking both office and shop functions on the same site.
Located along the E. Mulberry Street corridor in Fort Collins, the property is positioned near Interstate 25 and College Avenue, supporting convenient regional access.
The layout combines customer-facing showroom areas with private office space and includes on-site workshop space within the fenced yard, offering flexibility for an owner-user or a tenant seeking both office and shop functions on the same site.
Key Highlights
- 3,730 SF total building area featuring retail showroom and private office spaces
- 1,875 SF workshop on‑site plus additional fenced yard area
- Freestanding owner‑user property with multiple showrooms and private offices
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
$56,257
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
4.89%
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%
$1,125,140
$1.1M
Cap Rate 7%
$803,671
$803.7K
Cap Rate 9%
$625,078
$625.1K
Market Conditions
NOI Build-Up for 3,730 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
$84.6K $22.68/SF
− Vacancy
−$4.2K −$1.13/SF
EGI
$80.4K $21.55/SF
− OpEx
−$24.1K −$6.46/SF
NOI
$56.3K $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%
$1,125,140
Cap Rate 7%
$803,671
Cap Rate 9%
$625,078
Alternative Uses
Best Use
Retail
$803.7K
$703.2K – $937.6K
NOI $56,257 @ 7.0% cap · market cap 4.89%
Second Best
Office B
$747.7K
$654.3K – $872.4K
NOI $52,341 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$971.3K
$849.9K – $1.13M
NOI $67,990 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Under-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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Showroom - Freestanding building with multiple showrooms, private offices, and a fenced yard with a 1,875 SF workshop.
Where is this showroom located?
The property is located at 3006 E Mulberry Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,730 SF total building area featuring retail showroom and private office spaces; 1,875 SF workshop on‑site plus additional fenced yard area; Freestanding owner‑user property with multiple showrooms and private offices
