Creative Industrial Warehouse and
For Sale
Contact for pricing
309 South Link Lane, Fort Collins, CO 80525
For sale flex-style warehouse with office space, offered at 11,850 square feet.
Property Size11,850 SF
Price / SF$236.29
Days on Market142
Property Features for 309 South Link Lane
General Information
Standard status
Active
Size
11,850 SF
Class
C
Property subtype
Industrial
Zoning
Industrial Zoning Unincorporated Larimer County
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1964
Buildings
2
Tenancy
Multi
Listing Agency:
Waypoint Real Estate
Listed By:
Brian Smerud · License #FA 100042149
(970) 632-5050
Source:
Crexi
Added: Apr 20
Changed: Sep 8
Last Checked: Sep 8 at 7:43AM
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 for-sale property combines industrial warehouse space with office space in a flex-style layout. Public remarks describe the space as “creative industrial warehouse / office space,” supporting a mixed-use operating environment within one facility.
The property is located at 309 S Link Lane in Fort Collins, Colorado, with access described as being off the Mulberry Corridor. At 11,850 square feet, it offers a single-site configuration designed to accommodate both warehouse and office functions under one roof.
The property is located at 309 S Link Lane in Fort Collins, Colorado, with access described as being off the Mulberry Corridor. At 11,850 square feet, it offers a single-site configuration designed to accommodate both warehouse and office functions under one roof.
Key Highlights
- Flex‑style warehouse with office space
- Offered at 11,850 sq ft
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
$166,284
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
5.94%
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%
$3,325,680
$3.3M
Cap Rate 7%
$2,375,486
$2.4M
Cap Rate 9%
$1,847,600
$1.8M
Market Conditions
NOI Build-Up for 11,850 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
$260.2K $21.96/SF
− Vacancy
−$38.5K −$3.25/SF
EGI
$221.7K $18.71/SF
− OpEx
−$55.4K −$4.68/SF
NOI
$166.3K $14.03/SF
Area
Fort Collins, CO
Vacancy
14.80%
Lease Rate
$21.96 /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%
$3,325,680
Cap Rate 7%
$2,375,486
Cap Rate 9%
$1,847,600
Alternative Uses
Best Use
Office B
$2.38M
$2.08M – $2.77M
NOI $166,284 @ 7.0% cap · market cap 5.94%
Second Best
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,742 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,002 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80525, CO
55,901
Population
25,144
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
2,389
Density / Sq Mi
$93,349
Median Household Income
$48,876
Median Earnings
$1,744
Median Rent
$563,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - For sale flex-style warehouse with office space, offered at 11,850 square feet.
Where is this flex space located?
The property is located at 309 South Link Lane Fort Collins, CO.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Flex‑style warehouse with office space; Offered at 11,850 sq ft
