Multi-Tenant Flex/Retail
3501-3509 S Mason St Fort Collins, CO 80525
3501-3509 S Mason St, Fort Collins, CO, 80525
$4,800,000
For Sale
$4,800,000
Multi-tenant flex/retail building with ten 12-foot roll-up doors, reserved parking, and recent HVAC and roof upgrades.
Property Size24,750 SF
Lot Size1.37 Acres
Price / SF$193.94
Days on Market32
Property Features for 3501-3509 S Mason St
General Information
- Standard status
- Active
- Size
- 24,750 SF
- Lot size
- 1.37 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1972
Listing agency
Level Real Estate
(970) 325-5125
Listed by
Luke McFetridge · License #100043187
(970) 325-5125
Source
Elliman
Added: Jun 21 Updated: Jul 21 at 3:30AM Checked: Jul 21 at 3:30AM
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 Level Real Estate
Investment Insights
Based on property information with market context.
This flex/retail property totals 24,750 SF across seven separately metered tenant suites. The building includes ten 12-foot roll-up garage doors, 14 bathrooms, and 66 reserved parking stalls. Recent improvements include HVAC and roof upgrades in 2020, exterior repaint in 2024, and a parking lot resurfacing in 2026.
The property sits on 1.37 acres just off South College Avenue in Midtown Fort Collins, providing access and visibility to support multiple business uses within the same site.
For buyers seeking adaptable ownership structure, the property is configured for seven individual tenants, with separate metering noted for potential future condo conversion.
The property sits on 1.37 acres just off South College Avenue in Midtown Fort Collins, providing access and visibility to support multiple business uses within the same site.
For buyers seeking adaptable ownership structure, the property is configured for seven individual tenants, with separate metering noted for potential future condo conversion.
Key Highlights
- 24,750 SF flex/retail building on 1.37 acres with seven individual tenants, each separately metered
- Ten 12‑foot roll‑up garage doors for flexible tenant use
- 66 reserved parking stalls on‑site
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $561.3k | $22.68 |
| − Vacancy | −$28.1k | −$1.13 |
| EGI | $533.3k | $21.55 |
| − OpEx | −$160.0k | −$6.46 |
| NOI | $373.3k | $15.08 |
24,750 SF · lease $22.68/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.33M
$4.67M – $6.22M
NOI $373,284 @ 7.0% cap · market cap 7.78%
Second Best
Warehouse
$4.32M
$3.78M – $5.04M
NOI $302,309 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$6.44M
$5.64M – $7.52M
NOI $451,143 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Clean Eatz — 103 W Harvard St, Fort Collins, CO 80525
- Debbie's Dishes — 3030 s college ave, fort collins, co 80525
FAQs
What type of property is this?
Flex space - Multi-tenant flex/retail building with ten 12-foot roll-up doors, reserved parking, and recent HVAC and roof upgrades.
Where is this flex space located?
The property is located at 3501-3509 S Mason St Fort Collins, CO.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 24,750 SF flex/retail building on 1.37 acres with seven individual tenants, each separately metered; Ten 12‑foot roll‑up garage doors for flexible tenant use; 66 reserved parking stalls on‑site
