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    Mixed-Use Property with Warehouse/Shop Title is generated by Realmo AI

    5724 S College Avenue, Fort Collins, CO 80525

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    For Sale
    $1,250,000

    Dual-building setup with office, residential-style space, and industrial functionality.

    Type:Commercial
    Property size:
    6,402 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $195/SF
    Added:
    Oct 9, 2025
    Days on Market:
    240
    Last Refresh:
    Apr 5 at 9:02 pm

    Property Features for 5724 S College Avenue

    General Information

    Standard status
    Active
    Size
    6,402 SF
    Lot size
    0.40 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    CHRIS VENNE

    Listing agent CHRIS VENNE License #100030024

    Listing office RESIDENT REALTY SOUTH METRO

    Listing date Oct 9, 2025

    Source Corcoran

    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 RESIDENT REALTY SOUTH METRO

    HighLights

    • Prime South Fort Collins location with excellent visibility and convenient access from Highway 287.
    • Dual‑building setup offering a combination of office, residential‑style space, and industrial functionality.
    • Zoned for cannabis operations (cultivation, testing, MIP) in the Fort Collins Rec/Med Retail Zone.
    • Leased through September 2025 to an extraction MIP business at an approximate 8% cap rate.
    • Nearly 3,000 square feet of heated and cooled warehouse/shop area with water, half bath, and multiple overhead doors.
    • Professionally installed and certified major systems including sprinkler, three‑phase electrical, HVAC, and plumbing.

    Overview

    This South Fort Collins commercial property features a dual-building setup that combines office, residential-style space, and industrial functionality. The front building includes 1,480 square feet on the main level with a full, finished 1,480 square foot walkout lower level. The front building is complete with private offices, a spacious conference room, two wood burning fireplaces, two remodeled kitchens that include a washer and dryer, and three updated bathrooms. The second building provides upper-level office space along with nearly 3,000 square feet of heated and cooled warehouse/shop area, equipped with water, a half bath with deep sink, one double and two single overhead doors. The property benefits from a private parking area and upper parking area. The property has all major systems professionally installed and certified, including a sprinkler system, three-phase electrical, HVAC, and plumbing. The shop has a C1D1 rated and a C1D2 rated room. The property is located in the Fort Collins Rec/Med Retail Zone, making it suited for cannabis operations such as cultivation, testing, and manufacturing of infused products. The property is also suited for non-cannabis business opportunities. The property was leased to an extraction MIP business through September 2025. This property offers billboard potential and a strategic location in the South Fort Collins corridor.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $157.5k $24.60
    − Vacancy −$11.8k −$1.85
    EGI $145.7k $22.76
    − OpEx −$54.6k −$8.53
    NOI $91.0k $14.22
    6,402 SF · lease $24.60/SF/yr · vacancy 7.50% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $1.30M
    $1.14M – $1.52M (±1% cap)
    NOI $91,048 @ 7.0% cap · market cap 7.28%
    Second Best
    Office B
    $1.28M
    $1.12M – $1.50M (±1% cap)
    NOI $89,836 @ 7.0% cap · market cap 7.19%
    Theoretical Best
    Office A
    $1.67M
    $1.46M – $1.94M (±1% cap)
    NOI $116,696 @ 7.0% cap · market cap 9.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.077
    Latitude
    40.5074

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    FAQs

    What type of property is this?
    Mixed-use property - Dual-building setup with office, residential-style space, and industrial functionality.
    Where is this mixed-use property located?
    The property is located at 5724 S College Avenue Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime South Fort Collins location with excellent visibility and convenient access from Highway 287.; Dual‑building setup offering a combination of office, residential‑style space, and industrial functionality.; Zoned for cannabis operations (cultivation, testing, MIP) in the Fort Collins Rec/Med Retail Zone.
    (303) 325-5461
    We can help!
    Listing Contact
    CHRIS VENNE
    Real Estate License ID: 100030024
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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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