Industrial Flex Unit with Overhead
For Sale
$320,000
309 S Dr 309 Summit View Dr 309, Fort Collins, CO 80524
Industrial flex space offers 16' clear height, an open layout, and a 12' x 12' overhead door.
Property Size1,500 SF
Price / SF$213.33
Days on Market60
Property Features for 309 S Dr 309 Summit View Dr 309
General Information
Standard status
Active
Size
1,500 SF
Property subtype
General Commercial
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,933
Amenities
3
I
4801.0
Building Details
Year Built
1999
Listing Agency:
Realtec C.R.E.S., LLC
(970) 229-9900
Listed By:
Erik Broman · License #FA.100006880
(970) 229-9900
Source:
Xome
Added: Jun 27
Changed: Aug 25
Last Checked: Aug 25 at 5:00AM
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
Investment Insights
Based on property information with market context.
This 1,500 SF industrial flex unit is designed for practical day-to-day use, featuring an open layout, a private restroom, and a 12' x 12' overhead door. The space provides 16' clear height to support a range of warehouse and light industrial needs.
The unit is well located along Mulberry with quick access to I-25 and downtown Fort Collins. Transit is minimal and the area is largely car-dependent, based on WalkScore and TransitScore indicators provided.
The configuration is straightforward for flexible operations, with the overhead door and high-clear ceiling supporting move-in and efficient use of the available interior space.
The unit is well located along Mulberry with quick access to I-25 and downtown Fort Collins. Transit is minimal and the area is largely car-dependent, based on WalkScore and TransitScore indicators provided.
The configuration is straightforward for flexible operations, with the overhead door and high-clear ceiling supporting move-in and efficient use of the available interior space.
Key Highlights
- 1,500 SF industrial/flex unit built in 1999
- 16' clear height
- 12' x 12' overhead door
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
$18,322
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
5.73%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex space offers 16' clear height, an open layout, and a 12' x 12' overhead door.
Where is this flex space located?
The property is located at 309 S Dr 309 Summit View Dr 309 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 built in 1999; 16' clear height; 12' x 12' overhead door
