Automotive Buildings on College
For Sale
$1,000,000
429 N College, Fort Collins, CO 80524
Two buildings suitable for vehicle sales and automotive repair.
Property Size4,019 SF
Lot Size0.17 Acres
Price / SF$248.82
Days on Market343
Property Features for 429 N College
General Information
Standard status
Active
Size
4,019 SF
Lot size
0.17 Acres
Property subtype
Commercial
Amenities
Central air
2 or more Heat Sources Heating
More Than 1 Roof
Multi Units Cooling
Building Details
Year Built
1958
Listing Agency:
RE/MAX Comm. Alliance-FTC Dwtn
(970) 215-7016
Listed By:
MICHELLE HICKEY CRAWFORD · License #40038721
Source:
Corcoran
Added: Sep 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:01AM
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.
Two buildings are being sold together. One building, located at 425 N College, has a size of 2,927 square feet and was constructed in 1946, situated on a 9,026 square foot parcel. The other building, located at 429 N College, offers 1,092 square feet of space and was built in 1958, with a remodel in 2004, positioned on a 7,405 square foot parcel. The properties are located in the 'DD' Downtown District and Innovation Subdistrict and are within the Downtown Development Authority and the Colorado Enterprise Zone. The approved historical use for the properties includes vehicle sales and automotive repair. The location benefits from full turning access on and off College Avenue and sees a traffic volume of 31,898 vehicles per day based on 2017 data. All trade fixtures are included.
Key Highlights
- Substantial price reduction to $1,000,000 ($249 per sf) for both buildings.
- High traffic location with 31,898 vehicles per day on N College Ave.
- Located in the 'DD' Downtown District and Innovation Subdistrict.
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
$60,615
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
6.06%
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%
$1,212,300
$1.2M
Cap Rate 7%
$865,929
$865.9K
Cap Rate 9%
$673,500
$673.5K
Market Conditions
NOI Build-Up for 4,019 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
$91.2K $22.68/SF
− Vacancy
−$4.6K −$1.13/SF
EGI
$86.6K $21.55/SF
− OpEx
−$26.0K −$6.46/SF
NOI
$60.6K $15.08/SF
Area
Fort Collins, CO
Vacancy
5.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
30.00%
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%
$1,212,300
Cap Rate 7%
$865,929
Cap Rate 9%
$673,500
Alternative Uses
Best Use
Retail
$865.9K
$757.7K – $1.01M
NOI $60,615 @ 7.0% cap · market cap 6.06%
Second Best
Industrial
$577.5K
$505.3K – $673.8K
NOI $40,427 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.05M
$915.7K – $1.22M
NOI $73,258 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,060
Businesses Nearby
Balanced
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Budget Truck Rental — 1235 N College Ave, Fort Collins, CO 80524
- Vanworks — 900 E Lincoln Ave, Fort Collins, CO 80524
- Enterprise — 200 S College Ave, Fort Collins, CO 80524, United States
Frequently Asked Questions
What type of property is this?
Automotive property - Two buildings suitable for vehicle sales and automotive repair.
Where is this automotive property located?
The property is located at 429 N College Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Substantial price reduction to $1,000,000 ($249 per sf) for both buildings.; High traffic location with 31,898 vehicles per day on N College Ave.; Located in the 'DD' Downtown District and Innovation Subdistrict.
