Flexible Office Building
For Sale
Contact for pricing
3702 Automation Way, Fort Collins, CO 80525
For sale office building offering flexible suite configurations down to 3,000 SF.
Property Size22,706 SF
Price / SF$218
Days on Market78
Property Features for 3702 Automation Way
General Information
Standard status
Active
Size
22,706 SF
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 3702 Automation Way Contact us- Size
- 22,706 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
3702 Automation Way
Opportunity Highlights
- Historically stabilized asset with lease-up upside
- Flexible...
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Listing Agency:
CBRE - Fort Collins
(970) 372-3007
Listed By:
Annah Moore · License #CO40022278
(970) 227-0035
Source:
Moodyscre
Added: Jun 23
Changed: Sep 5
Last Checked: Sep 8 at 9:00AM
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 CBRE - Fort Collins
Investment Insights
Based on property information with market context.
This for-sale office building is described as a historically stabilized asset with lease-up upside. Suites can be configured flexibly, with options sized as small as 3,000 SF, supporting a range of office occupancy needs.
Located at 3702 Automation Way in Fort Collins, Colorado, the property is positioned for tenants and buyers seeking office space with adaptable layouts within a single office asset.
Seller highlights include flexible suite configuration and potential to improve occupancy, making the building an especially relevant fit for an owner seeking partial owner-user use or for an investor evaluating value-add opportunities.
Located at 3702 Automation Way in Fort Collins, Colorado, the property is positioned for tenants and buyers seeking office space with adaptable layouts within a single office asset.
Seller highlights include flexible suite configuration and potential to improve occupancy, making the building an especially relevant fit for an owner seeking partial owner-user use or for an investor evaluating value-add opportunities.
Key Highlights
- Office building for sale with flexible suite configurations down to 3,000 SF
- Historically stabilized asset with lease‑up upside
- Suitable for partial owner‑user or value‑add investor
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
$318,621
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
6.44%
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%
$6,372,420
$6.4M
Cap Rate 7%
$4,551,729
$4.6M
Cap Rate 9%
$3,540,233
$3.5M
Market Conditions
NOI Build-Up for 22,706 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
$498.6K $21.96/SF
− Vacancy
−$73.8K −$3.25/SF
EGI
$424.8K $18.71/SF
− OpEx
−$106.2K −$4.68/SF
NOI
$318.6K $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%
$6,372,420
Cap Rate 7%
$4,551,729
Cap Rate 9%
$3,540,233
Alternative Uses
Best Use
Office B
$4.55M
$3.98M – $5.31M
NOI $318,621 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.91M
$5.17M – $6.90M
NOI $413,885 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
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?
Office building - For sale office building offering flexible suite configurations down to 3,000 SF.
Where is this office building located?
The property is located at 3702 Automation Way Fort Collins, CO.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Office building for sale with flexible suite configurations down to 3,000 SF; Historically stabilized asset with lease‑up upside; Suitable for partial owner‑user or value‑add investor
