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    Turnkey Restaurant Space Near CSU Title is generated by Realmo AI

    460 S College Ave, Fort Collins, CO 80524

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    For Lease
    $35 SF/Yr

    COMMERCIAL - Fort Collins, CO

    Type:Retail
    Added:
    Dec 1, 2025
    Days on Market:
    164
    Last Refresh:
    May 14 at 12:06 pm

    Property Features for 460 S College Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    D
    Parking
    144
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    R1675078

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Building materials
    Brick, Metal Frame
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Imran Bhimani

    Listing agent Imran Bhimani

    Listing office LC Real Estate Group, LLC 1712 Topaz Dr, Loveland, CO

    Listing date Dec 1, 2025

    MLS# 1048468

    Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey, move‑in ready restaurant space with all equipment included.
    • High visibility location with quick accessibility from S. College Ave.
    • Dedicated parking garage with 144 free parking spaces.
    • Monument and building signage available.
    • Close proximity to CSU (Colorado State University).
    • Accessibility features including accessible approach with ramp.

    Overview

    This commercial space in Fort Collins, Colorado, is suitable for coffee shops, restaurants, and retail properties. It is a turnkey, move-in ready space ideal for a smoothie shop or small coffee/restaurant, with all equipment included. The property offers a high-visibility restaurant space with quick accessibility from South College Avenue. It features a dedicated parking garage with 144 free parking spaces on site, along with monument and building signage. The location is in close proximity to Colorado State University. The zoning is designated as 'D'.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Bank Bank TARGET PARKING LOT Parking Lot & Garage Saint Michael Church Church Target Mobile Mobile Phone Store Pure Green - Juice ... Specialty Food Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sweet Temptations — 1101 center ave, fort collins, co 80521
    • Sweet Temptations Cafe — Behavioral Sciences Building, 410 W Pitkin St, Fort Collins, CO 80523
    • Bagel Place 2 — 1101 Central Ave Mall, Fort Collins, CO 80521
    • Morgan's Grind Cafe — 501 University Ave, Fort Collins, CO 80523
    • Sweet Sinsations Cafe — LSC Level, 100 Oval Drive, 200 East Entrance, Fort Collins, CO 80523

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.075939
    Latitude
    40.582172

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    FAQs

    What type of property is this?
    Coffee shop - Move-in ready restaurant space with equipment and high visibility.
    Where is this coffee shop located?
    The property is located at 460 S College Ave Fort Collins, CO.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Turnkey, move‑in ready restaurant space with all equipment included.; High visibility location with quick accessibility from S. College Ave.; Dedicated parking garage with **144 free parking spaces**.
    (970) 667-7000
    We can help!
    Listing Contact
    Imran Bhimani
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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