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5924 S College Ave, Fort Collins, CO 80525
Commercial property with high traffic exposure in Fort Collins, CO.
Property Size7,616 SF
Price / SF$256.04
Days on Market147
Property Features for 5924 S College Ave
General Information
Standard status
Active
Size
7,616 SF
Property subtype
Retail
Listing Agency:
Cushman & Wakefield - Fort Collins, Colorado
(970) 219-3802
Listed By:
Cole VanMeveren · License #FA. 100088218
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 8 at 2:52PM
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 Cushman & Wakefield - Fort Collins, Colorado
Investment Insights
Based on property information with market context.
Located along the South College Avenue corridor, this property benefits from high visibility and strong traffic counts within an active commercial area of Fort Collins. The surrounding area includes a mix of national retailers, service providers, and daily-needs businesses. The building features two dock-high doors that support efficient loading, circulation, and operational flexibility for retail, service, and light-industrial uses. Interior improvements, originally designed for automotive operations, provide a functional foundation for users seeking practical utility, durability, and adaptable workspace configurations. The property size is 7616 square feet.
Key Highlights
- High‑visibility location on South College Avenue with strong traffic counts.
- Two dock‑high doors for efficient loading and operational flexibility.
- Located in a dense commercial area with national retailers and daily‑needs businesses.
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
$114,866
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
5.89%
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%
$2,297,320
$2.3M
Cap Rate 7%
$1,640,943
$1.6M
Cap Rate 9%
$1,276,289
$1.3M
Market Conditions
NOI Build-Up for 7,616 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
$172.7K $22.68/SF
− Vacancy
−$8.6K −$1.13/SF
EGI
$164.1K $21.55/SF
− OpEx
−$49.2K −$6.46/SF
NOI
$114.9K $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%
$2,297,320
Cap Rate 7%
$1,640,943
Cap Rate 9%
$1,276,289
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.91M
NOI $114,866 @ 7.0% cap · market cap 5.89%
Second Best
Industrial
$1.09M
$957.6K – $1.28M
NOI $76,609 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.98M
$1.74M – $2.31M
NOI $138,824 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Balanced
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Commercial property with high traffic exposure in Fort Collins, CO.
Where is this automotive property located?
The property is located at 5924 S College Ave Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: High‑visibility location on South College Avenue with strong traffic counts.; Two dock‑high doors for efficient loading and operational flexibility.; Located in a dense commercial area with national retailers and daily‑needs businesses.
