Building Details

Year Built 2019

Listing Agency: Cushman & Wakefield

Listed By: Jason Ells · License #FA.040024170 Show Phone

Source: Thestrohmangroup

Added: Mar 5 Changed: Oct 7 Last Checked: Oct 7 at 5:04PM

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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 Cushman & Wakefield

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Investment Insights

Based on property information with market context.

This industrial warehouse unit is located just off North College Ave. Currently used as a baseball training facility, the space includes a lobby area, a large open warehouse, three private restrooms, and a mezzanine office/storage area. Two large overhead doors and high ceilings accommodate a variety of uses. There are eight parking spaces adjacent to the unit, with additional common parking to the south. Building signage is available above the entry.

Key Highlights

• Clean, modern industrial warehouse unit built in 2019
• Two large overhead doors and high ceilings suitable for various uses
• Includes lobby, large open warehouse, 3 private restrooms, and mezzanine office/storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$134,360

Cap Rate

8.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,687,200 $2.7M

Cap Rate 7%

$1,919,429 $1.9M

Cap Rate 9%

$1,492,889 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,000 SF

Gross rent

$165.0K $15.00/SF

− Vacancy

−$6.9K −$0.63/SF

EGI

$158.1K $14.37/SF

− OpEx

−$23.7K −$2.16/SF

NOI

$134.4K $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%

$2,687,200

Cap Rate 7%

$1,919,429

Cap Rate 9%

$1,492,889

Alternative Uses

Best Use

Warehouse

$1.92M

$1.68M – $2.24M (±1% cap)

NOI $134,360 @ 7.0% cap · market cap 8.72%

Second Best

Industrial

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,649 @ 7.0% cap · market cap 7.19%

Theoretical Best

Office A

$2.86M

$2.51M – $3.34M (±1% cap)

NOI $200,508 @ 7.0% cap · market cap 13.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

ColorPro Printing (Bike/Boat/Book/etc) Store BB Sports Gym & Fitness Center Send It Services Courier Service Peak Performance Gym & Fitness Center

Suggested Use

Top Pick Real Estate Agency Building Supply Spa & Massage Center Nail Salon Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

608

Businesses Nearby

Well-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

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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A well-maintained self-storage facility

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Similar Off Market Nearby

• Save*Mor Self Storage — 677 Linden St, Fort Collins, CO 80524
• Vine Street Storage — 1034 W Vine Dr, Fort Collins, CO 80521
• FoCo Moving — 1046 Ten Mile Range Ln Unit C, Fort Collins, CO 80524
• Exodus Moving & Storage — 113 Hickory St, Fort Collins, CO 80524
• Alpine Moving Company — 1307 N College Ave, Fort Collins, CO 80524

Frequently Asked Questions

What type of property is this?

Warehouse - Clean industrial warehouse unit with high ceilings and mezzanine office.

Where is this warehouse located?

The property is located at 321 Hickory St 110 Fort Collins, CO.

What is the asking price?

The asking price for this property is $1,540,000.

What are key features of this property?

This property features: Clean, modern industrial warehouse unit built in 2019; Two large overhead doors and high ceilings suitable for various uses; Includes lobby, large open warehouse, 3 private restrooms, and mezzanine office/storage