Standalone Office Building with Large
For Sale
$12,900,000
3801 Automation Way, Fort Collins, CO 80525
Standalone office space with expansive windows, located near Harmony Road with immediate access to I-25.
Property Size62,972 SF
Price / SF$204.85
Days on Market279
Property Features for 3801 Automation Way
General Information
Standard status
Active
Size
62,972 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
62,972 SF
Listing Agency:
Waypoint Real Estate
(970) 213-3116
Listed By:
Nicholas Norton · License #FA100046816
(970) 213-3116
Source:
Exprealty
Added: Nov 18, 2025
Changed: Aug 23
Last Checked: Aug 24 at 12:51PM
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 Waypoint Real Estate
Investment Insights
Based on property information with market context.
3801 Automation Way is a standalone office building offering 62,972 SF (60,000 usable SF) in southeast Fort Collins. The space is designed with expansive windows that bring in natural light and provide scenic views, creating a bright and inviting work environment.
The property is positioned just off Harmony Road with immediate access to I-25, supporting strong regional connectivity. The surrounding area includes a mix of everyday amenities such as restaurants, retail, hotels, fitness centers, and recreational trails.
With its standalone configuration and visibility in a highly traveled corridor, the building is well suited for an owner-user or an investor seeking a dedicated office asset in the Fort Collins market.
The property is positioned just off Harmony Road with immediate access to I-25, supporting strong regional connectivity. The surrounding area includes a mix of everyday amenities such as restaurants, retail, hotels, fitness centers, and recreational trails.
With its standalone configuration and visibility in a highly traveled corridor, the building is well suited for an owner-user or an investor seeking a dedicated office asset in the Fort Collins market.
Key Highlights
- 62,972 SF building with 60,000 usable SF
- Standalone office building configuration
- Expansive windows for natural light and scenic views
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
$883,651
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
6.85%
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%
$17,673,020
$17.7M
Cap Rate 7%
$12,623,586
$12.6M
Cap Rate 9%
$9,818,344
$9.8M
Market Conditions
NOI Build-Up for 62,972 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
$1.38M $21.96/SF
− Vacancy
−$204.7K −$3.25/SF
EGI
$1.18M $18.71/SF
− OpEx
−$294.6K −$4.68/SF
NOI
$883.7K $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%
$17,673,020
Cap Rate 7%
$12,623,586
Cap Rate 9%
$9,818,344
Alternative Uses
Best Use
Office B
$12.62M
$11.05M – $14.73M
NOI $883,651 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.40M
$14.35M – $19.13M
NOI $1,147,854 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
825
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 - Standalone office space with expansive windows, located near Harmony Road with immediate access to I-25.
Where is this office building located?
The property is located at 3801 Automation Way Fort Collins, CO.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: 62,972 SF building with 60,000 usable SF; Standalone office building configuration; Expansive windows for natural light and scenic views
