Industrial Flex Unit with Overhead
For Sale
$320,000
309 S Summit View #7, Fort Collins, CO 80524
Open commercial unit with a private restroom and convenient access to I-25 and downtown Fort Collins.
Property Size1,500 SF
Price / SF$213.33
Days on Market93
Property Features for 309 S Summit View #7
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Clear Height
16 ft
Taxes and HOA fees
Annual Taxes
$7,933
Amenities
Flat Roof
Forced Air Heating
Building Details
Year Built
1999
Listing Agency:
Realtec C.R.E.S., LLC
(970) 229-9900
Listed By:
ERIK BROMAN · License #FA.100006880
(970) 420-1445
Source:
Corcoran
Added: Jul 15
Changed: Oct 6
Last Checked: Oct 14 at 11:20PM
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 Realtec C.R.E.S., 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 1,500-square-foot industrial flex unit, built in 1999, offers an open interior with 16-foot clear height, a 12-by-12-foot overhead door, and a private restroom. The configuration supports flexible commercial use within a practical warehouse-style setting.
The property is located along Mulberry in Fort Collins, with quick access to I-25 and downtown. Unit 7 is located at 309 S Summit View.
The property is located along Mulberry in Fort Collins, with quick access to I-25 and downtown. Unit 7 is located at 309 S Summit View.
Key Highlights
- 1,500 SF industrial/flex unit
- 16' clear height
- 12' x 12' overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,322
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,440
$366.4K
Cap Rate 7%
$261,743
$261.7K
Cap Rate 9%
$203,578
$203.6K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$22.5K $15.00/SF
− Vacancy
−$945 −$0.63/SF
EGI
$21.6K $14.37/SF
− OpEx
−$3.2K −$2.16/SF
NOI
$18.3K $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%
$366,440
Cap Rate 7%
$261,743
Cap Rate 9%
$203,578
Alternative Uses
Best Use
Warehouse
$261.7K
$229.0K – $305.4K
NOI $18,322 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$215.5K
$188.6K – $251.5K
NOI $15,088 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$390.6K
$341.8K – $455.7K
NOI $27,342 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Balanced
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Open commercial unit with a private restroom and convenient access to I-25 and downtown Fort Collins.
Where is this flex space located?
The property is located at 309 S Summit View #7 Fort Collins, CO.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,500 SF industrial/flex unit; 16' clear height; 12' x 12' overhead door
