Two-Suite Flex/Shop
For Sale
$1,200,000
3055 Lake Canal Ct, Fort Collins, CO 80524
Industrial flex building consists of two separate suites with individual entrances and a firewall separation.
Property Size6,984 SF
Price / SF$171.82
Days on Market92
Property Features for 3055 Lake Canal Ct
General Information
Standard status
Active
Size
6,984 SF
Building Details
Year Built
2005
Listing Agency:
C3 Real Estate Solutions, LLC
Listed By:
Perry Hillegas
(720) 270-0040
Source:
Thestrohmangroup
Added: Jul 24
Changed: Oct 2
Last Checked: Oct 7 at 4:52PM
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 C3 Real Estate Solutions, LLC
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Investment Insights
Based on property information with market context.
This 6,984 SF flex or shop building is divided into two suites separated by a firewall. Each suite has its own separate entrance, creating a layout that can support separate occupancy or combined use.
The property is offered for sale at 3055 Lake Canal Court in Fort Collins, CO. Its two-suite configuration is designed to reduce the common challenge of buying only what you need versus planning to lease excess space.
With two independently accessed units, the building provides flexible space planning for an owner-operator and a second suite that can be used or leased as available.
The property is offered for sale at 3055 Lake Canal Court in Fort Collins, CO. Its two-suite configuration is designed to reduce the common challenge of buying only what you need versus planning to lease excess space.
With two independently accessed units, the building provides flexible space planning for an owner-operator and a second suite that can be used or leased as available.
Key Highlights
- 6,984 SF industrial flex building built in 2005
- Split into two suites separated by a firewall
- Unit A and Unit B each have separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,252
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,040
$1.4M
Cap Rate 7%
$1,003,600
$1.0M
Cap Rate 9%
$780,578
$780.6K
Market Conditions
NOI Build-Up for 6,984 SF
Gross rent
$104.8K $15.00/SF
− Vacancy
−$4.4K −$0.63/SF
EGI
$100.4K $14.37/SF
− OpEx
−$30.1K −$4.31/SF
NOI
$70.3K $10.06/SF
Area
Fort Collins, CO
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,040
Cap Rate 7%
$1,003,600
Cap Rate 9%
$780,578
Alternative Uses
Best Use
Industrial
$1.00M
$878.2K – $1.17M
NOI $70,252 @ 7.0% cap · market cap 5.85%
Second Best
Flex RnD
$956.0K
$836.5K – $1.12M
NOI $66,923 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,304 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building consists of two separate suites with individual entrances and a firewall separation.
Where is this flex space located?
The property is located at 3055 Lake Canal Ct Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,984 SF industrial flex building built in 2005; Split into two suites separated by a firewall; Unit A and Unit B each have separate entrances
