Multi-Tenant Office Building
606-614 Grant St Fort Morgan, CO 80701
For Sale
Contact for pricing
Value-add multi-tenant office building leased to two long-term occupants with limited lease term remaining.
Property Size4,964 SF
Price / SF$110.80
Days on Market8
Property Features for 606-614 Grant St
General Information
Standard status
Active
Size
4,964 SF
Property subtype
Office
Building Details
Year Built
1995
Listing Agency:
Kinsey & Company Commercial Real Estate
(303) 847-1295
Listed By:
Brady Kinsey · License #FA100049160
Source:
Crexi
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 28 at 12:11PM
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 Kinsey & Company Commercial Real Estate
Investment Insights
Based on property information with market context.
This multi-tenant office building totals 4,964 square feet and is leased to two established tenants: GOAL Academy Charter School and Edward Jones. Public remarks note limited term remaining on both leases, creating an opportunity to pursue near-term rent growth or plan for owner occupancy.
Located at 606–614 Grant St in Fort Morgan, the property is described as being in the heart of Fort Morgan, the county seat and commercial hub of Morgan County.
The building is positioned for a potential transition in expense structure, as described in the seller’s remarks. Please review lease terms and operating expenses for details on current gross lease structure and any changes discussed.
Located at 606–614 Grant St in Fort Morgan, the property is described as being in the heart of Fort Morgan, the county seat and commercial hub of Morgan County.
The building is positioned for a potential transition in expense structure, as described in the seller’s remarks. Please review lease terms and operating expenses for details on current gross lease structure and any changes discussed.
Key Highlights
- 4,964 SF multi‑tenant office building built in 1995
- Leased to two long‑term tenants: GOAL Academy Charter School and Edward Jones
- Limited term remaining on both leases
Financial Insights For Office B
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 | $89.4k | $18.00 |
| − Vacancy | −$22.0k | −$4.43 |
| EGI | $67.4k | $13.57 |
| − OpEx | −$16.8k | −$3.39 |
| NOI | $50.5k | $10.18 |
4,964 SF · lease $18.00/SF/yr · vacancy 24.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$721.8K
$631.6K – $842.2K
NOI $50,529 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,742 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Value-add multi-tenant office building leased to two long-term occupants with limited lease term remaining.
Where is this office building located?
The property is located at 606-614 Grant St Fort Morgan, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,964 SF multi‑tenant office building built in 1995; Leased to two long‑term tenants: GOAL Academy Charter School and Edward Jones; Limited term remaining on both leases
