Flex/Industrial Building with Two
3055 Lake Canal, Fort Collins, CO 80524
For Sale
$1,200,000
Firewall-separated flex/industrial suites include overhead doors, dual restrooms, and gable-roof warehouse clear heights near 10–12 feet.
Property Size6,984 SF
Lot Size0.77 Acres
Price / SF$171.82
Days on Market113
Property Features for 3055 Lake Canal
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Heavy Power
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Metal Roof
2 or more H20 Heaters Heating
2 or more Heat Sources Heating
Abuts Private Open Space
Central Air Cooling
City Limits
Cul-De-Sac
Curbs
Fire Hydrant within 500 Feet
Forced Air Heating
Gutters
Level
Level Drive
Level Lot
Loading: Drive-in overhead doors
Near Bus
No Stairs
Paved
Paved Parking
Sidewalks
Street Light
Building Details
Year Built
Tenancy
Listing Agency:
C3 Real Estate Solutions, LLC
(970) 225-5152
Listed By:
PERRY HILLEGAS
(720) 270-0040
Source:
Corcoran
Added: Jul 23
Changed: Nov 10
Last Checked: Nov 12 at 7:52AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,984 SF flex/industrial building built in 2005 is split into two firewall-separated suites, each with dual restrooms. Suite A comprises 4,584 SF and includes room for up to two offices, a kitchenette, a 12’x12’ overhead door, and a 23’x16’ receiving area. Suite B totals 2,400 SF and is served by a 10’x10’ overhead door. The gable roof rises to approximately 22’ at the ridge, with clear height about 10’ to 12’. The property also features 3-phase power, and a new roof was installed in 2021 following a hail claim.
The building sits on a 0.77-acre lot with 13–14 parking spaces. It is located about 1 mile west of I-25 off E. Mulberry St, and is zoned C-Commercial in Larimer County.
Suite A represents 65.6% of the overall building area, which may support SBA 51% owner-occupancy threshold considerations.
The building sits on a 0.77-acre lot with 13–14 parking spaces. It is located about 1 mile west of I-25 off E. Mulberry St, and is zoned C-Commercial in Larimer County.
Suite A represents 65.6% of the overall building area, which may support SBA 51% owner-occupancy threshold considerations.
Key Highlights
- 6,984 SF flex/industrial building built in 2005 with two firewall‑separated suites
- Suite A: 4,584 SF with dual restrooms, kitchenette, 12' x 12' overhead door, and a 23' x 16' receiving area
- Suite B: 2,400 SF with a 10' x 10' door; current tenant pays $3,000/mo and wants to stay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,306
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,706,120
$1.7M
Cap Rate 7%
$1,218,657
$1.2M
Cap Rate 9%
$947,844
$947.8K
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
−$15.1K −$2.16/SF
NOI
$85.3K $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 Rate 5%
$1,706,120
Cap Rate 7%
$1,218,657
Cap Rate 9%
$947,844
Alternative Uses
Best Use
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,306 @ 7.0% cap · market cap 7.11%
Second Best
Industrial
$1.00M
$878.2K – $1.17M
NOI $70,252 @ 7.0% cap · market cap 5.85%
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Multi-tenant
Tenancy
Yes
Heavy power
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
$527,700
Median Home Value
Market
Average Price Trend$/SF for Flex space in Fort Collins, CO
Properties on Market for Flex space in Fort Collins
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Firewall-separated flex/industrial suites include overhead doors, dual restrooms, and gable-roof warehouse clear heights near 10–12 feet.
Where is this flex space located?
The property is located at 3055 Lake Canal 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 flex/industrial building built in 2005 with two firewall‑separated suites; Suite A: 4,584 SF with dual restrooms, kitchenette, 12' x 12' overhead door, and a 23' x 16' receiving area; Suite B: 2,400 SF with a 10' x 10' door; current tenant pays $3,000/mo and wants to stay
