Fenced Warehouse with Dock
For Sale
Contact for pricing
4800 Innovation Drive, Fort Collins, CO 80525
Functional industrial space includes secured outdoor storage and multiple loading points for warehouse and distribution operations.
Property Size21,840 SF
Price / SF$174.64
Days on Market24
Property Features for 4800 Innovation Drive
General Information
Standard status
Active
Size
21,840 SF
Class
C
Property subtype
Industrial
Zoning
Harmony Corridor District (H-C)
Occupancy
15%
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
21,840 SF
Dock-High Doors
2
Drive-In Doors
3
Building Details
Year Renovated
1996
Buildings
1
Building Size
21,840 SF
Listing Agency:
CBRE - Fort Collins
(970) 402-5170
Listed By:
TJ Antinora · License #100066530
Source:
Crexi
Added: Aug 7
Changed: Aug 29
Last Checked: Aug 29 at 5:00PM
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 industrial warehouse contains 21,840 square feet of space within a 26,340-square-foot property. The facility is enclosed by fencing and includes three drive-in doors plus two dock-high doors, supporting loading, unloading, vehicle movement, and equipment storage. The Harmony Corridor District (H-C) zoning designation is also in place.
The property is located in Oakridge Business Park at 4800 Innovation Drive in Fort Collins. Its position between Highway 287/College Avenue and I-25 provides access to major retail corridors, restaurants, healthcare providers, and a concentration of employers. The property is occupied in part by GH Phipps, providing an existing income component.
The property is located in Oakridge Business Park at 4800 Innovation Drive in Fort Collins. Its position between Highway 287/College Avenue and I-25 provides access to major retail corridors, restaurants, healthcare providers, and a concentration of employers. The property is occupied in part by GH Phipps, providing an existing income component.
Key Highlights
- 21,840 square feet of warehouse space on a 26,340‑square‑foot property
- Three drive‑in doors and two dock‑high doors
- Fully fenced yard for secured vehicle and equipment parking
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
$321,730
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
6.99%
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%
$6,434,600
$6.4M
Cap Rate 7%
$4,596,143
$4.6M
Cap Rate 9%
$3,574,778
$3.6M
Market Conditions
NOI Build-Up for 26,340 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
$395.1K $15.00/SF
− Vacancy
−$16.6K −$0.63/SF
EGI
$378.5K $14.37/SF
− OpEx
−$56.8K −$2.16/SF
NOI
$321.7K $12.21/SF
Area
Fort Collins, CO
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$6,434,600
Cap Rate 7%
$4,596,143
Cap Rate 9%
$3,574,778
Alternative Uses
Best Use
Warehouse
$4.60M
$4.02M – $5.36M
NOI $321,730 @ 7.0% cap · market cap 6.99%
Second Best
Industrial
$3.79M
$3.31M – $4.42M
NOI $264,954 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$6.86M
$6.00M – $8.00M
NOI $480,126 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
3
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- ClickandStor® — 1001 E Harmony Rd #173, Fort Collins, CO 80525
- SecurCare Self Storage — 1961 Caribou Dr, Fort Collins, CO 80525
Frequently Asked Questions
What type of property is this?
Warehouse - Functional industrial space includes secured outdoor storage and multiple loading points for warehouse and distribution operations.
Where is this warehouse located?
The property is located at 4800 Innovation Drive Fort Collins, CO.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 21,840 square feet of warehouse space on a 26,340‑square‑foot property; Three drive‑in doors and two dock‑high doors; Fully fenced yard for secured vehicle and equipment parking
