Bungalow-Style Office Building with
For Sale
$799,000
330 E St 330 Mulberry St 330, Fort Collins, CO 80524
Bungalow-style office building with wood floors, a wood-burning fireplace, and parking on a 9,500 sf lot.
Property Size2,232 SF
Lot Size0.22 Acres
Price / SF$357.97
Days on Market147
Property Features for 330 E St 330 Mulberry St 330
General Information
Standard status
Active
Size
2,232 SF
Lot size
0.22 Acres
Property subtype
Office
Zoning
Old Town District
Additional Details
Traffic Count
26,833 vehicles/day
Amenities
conference room
wood burning fireplace
cat6 network wired
Ceiling Fan(s)
3
Old Town D
9500.0
Building Details
Year Built
1920
Stories
2
Construction
bungalow
Listing Agency:
RE/MAX Comm. Alliance-FTC Dwtn
(970) 215-7016
Listed By:
Michelle Hickey Crawford · License #1414
(970) 215-7016
Source:
Xome
Added: Mar 30
Changed: Aug 23
Last Checked: Aug 22 at 9:31AM
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 RE/MAX Comm. Alliance-FTC Dwtn
Investment Insights
Based on property information with market context.
Priced for sale at $799,000, this bungalow-style office property offers 2,232 square feet across a main level and lower level, plus a detached 252-square-foot garage on a 9,500-square-foot lot. The main level includes wood floors, a conference room, three separate offices/areas, a wood-burning fireplace, and CAT6 network wiring. The lower level is 900 square feet and is currently used as office space, with prior leasing history as a unit that included a washer and dryer.
Located in the Old Town District zoning, the property was built in 1920 (YOC 1920) and is positioned for strong exposure, with 26,833 vehicles per day noted. The property has a detached garage and parking.
Historical uses include a real estate company, hair salon, and software company. The current occupant’s lease ends 7/31/26 with no option to renew.
Located in the Old Town District zoning, the property was built in 1920 (YOC 1920) and is positioned for strong exposure, with 26,833 vehicles per day noted. The property has a detached garage and parking.
Historical uses include a real estate company, hair salon, and software company. The current occupant’s lease ends 7/31/26 with no option to renew.
Key Highlights
- 2,232 SF bungalow‑style office on a 9,500 SF lot, priced at $799,000 ($358 per SF).
- Main level (1,332 SF) features wood floors, conference room, three separate offices/areas, and a wood‑burning fireplace, plus Cat6 network wiring.
- Lower level (900 SF) currently used as office; previously leased as an apartment with a washer and dryer.
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
$31,320
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
3.92%
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%
$626,400
$626.4K
Cap Rate 7%
$447,429
$447.4K
Cap Rate 9%
$348,000
$348.0K
Market Conditions
NOI Build-Up for 2,232 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
$49.0K $21.96/SF
− Vacancy
−$7.3K −$3.25/SF
EGI
$41.8K $18.71/SF
− OpEx
−$10.4K −$4.68/SF
NOI
$31.3K $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%
$626,400
Cap Rate 7%
$447,429
Cap Rate 9%
$348,000
Alternative Uses
Best Use
Office B
$447.4K
$391.5K – $522.0K
NOI $31,320 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$581.2K
$508.6K – $678.1K
NOI $40,685 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26,833 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
3,334
Businesses Nearby
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Bungalow-style office building with wood floors, a wood-burning fireplace, and parking on a 9,500 sf lot.
Where is this office building located?
The property is located at 330 E St 330 Mulberry St 330 Fort Collins, CO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,232 SF bungalow‑style office on a 9,500 SF lot, priced at $799,000 ($358 per SF).; Main level (1,332 SF) features wood floors, conference room, three separate offices/areas, and a wood‑burning fireplace, plus Cat6 network wiring.; Lower level (900 SF) currently used as office; previously leased as an apartment with a washer and dryer.
