Mixed-Use Property with Warehouse
5724 S College Ave Fort Collins, CO 80525
For Sale
$1,150,000
Dual-building setup with office, residential-style space, and industrial functionality.
Property Size4,480 SF
Price / SF$256.70
Days on Market97
Property Features for 5724 S College Ave
General Information
Standard status
Active
Size
4,480 SF
Property subtype
Commercial
Building Details
Year Built
1966
Listing Agency:
(970) 567-5367
Listed By:
James Bennett
(970) 567-5367
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 8:06PM
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 James Bennett
Investment Insights
Based on property information with market context.
This South Fort Collins commercial property features two buildings, offering a combination of office, residential-style space, and industrial functionality. The front building includes 1,480 square feet on the main level and a finished 1,480 square foot walkout lower level. The front building contains private offices, a conference room, two fireplaces, two remodeled kitchens with a washer and dryer, and three updated bathrooms. The second building provides upper-level office space along with approximately 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 includes a private parking area and an upper parking area, benefiting from visibility and access from Highway 287. The property has sprinkler system, three-phase electrical, HVAC, and plumbing. The shop has a C1D1 rated room and a C1D2 rated room. Located in the Fort Collins Rec/Med Retail Zone, the property is 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. The property has traffic counts, billboard potential, and a location in the South Fort Collins corridor.
Key Highlights
- Dual‑building setup offering versatile usage options with office, residential‑style space, and industrial functionality.
- Zoned for cannabis operations (cultivation, testing, MIP) in the Fort Collins Rec/Med Retail Zone.
- Existing lease through September 2025 provides immediate cash flow with an approximate 8% cap rate.
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 | $110.2k | $24.60 |
| − Vacancy | −$8.3k | −$1.85 |
| EGI | $101.9k | $22.76 |
| − OpEx | −$38.2k | −$8.53 |
| NOI | $63.7k | $14.22 |
4,480 SF · lease $24.60/SF/yr · vacancy 7.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$910.2K
$796.4K – $1.06M
NOI $63,714 @ 7.0% cap · market cap 5.54%
Second Best
Office B
$898.1K
$785.8K – $1.05M
NOI $62,865 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,661 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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 Ave Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Dual‑building setup offering versatile usage options with office, residential‑style space, and industrial functionality.; Zoned for cannabis operations (cultivation, testing, MIP) in the Fort Collins Rec/Med Retail Zone.; Existing lease through September 2025 provides immediate cash flow with an approximate 8% cap rate.
