Manufacturing Property with
For Sale
$5,000,000
Pending
617 N Timberline Rd, Fort Collins, CO 80524
Commercial Sale, Fort Collins, CO
Property Size17,332 SF
Lot Size6.00 Acres
Days on Market343
Property Features for 617 N Timberline Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I
Rooms
Basement
Fencing
Fenced
Lot features
Level, Paved
View
City, Hills
Elementary school
Laurel
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Directions
This property is located on the southwest corner of North Timberline Rd and East Vine Drive in Northeast Fort Collins.
Subdivision
Fort Collins
Standard status
Pending
APN
R0189502
Lot size
6.00 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Forced Air
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1982
Building materials
Block, Metal Frame, Ceiling: Over 20 Feet, Floor: Concrete, Concrete
Roof type
Metal
Listing Agency:
Group Centerra
(970) 613-0700
Listed By:
Craig C Hau
(970) 229-0700
Added: Sep 15, 2025
Changed: Aug 19
Last Checked: Aug 23 at 8:06PM
MLS# 1043703
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This manufacturing property occupies a six-acre fenced site and includes a 17,332-square-foot industrial building. The facility offers five offices, a reception area, three bathrooms, and a broad work area, with concrete flooring, a metal roof, and ceiling heights over 20 feet. Four interior 5-ton cranes, a 15-ton exterior crane, and five large garage doors support heavy industrial operations. The building was previously used for steel fabrication.
A separate 2,070-square-foot house, remodeled in 1977, is also included. Site infrastructure includes natural gas availability and a septic tank, while building systems include hot water and forced-air heating, central air, and ceiling fans. The property was built in 1982 and carries I zoning.
A separate 2,070-square-foot house, remodeled in 1977, is also included. Site infrastructure includes natural gas availability and a septic tank, while building systems include hot water and forced-air heating, central air, and ceiling fans. The property was built in 1982 and carries I zoning.
Key Highlights
- Six‑acre fenced manufacturing site
- 17,332‑square‑foot industrial building with ceilings over 20 feet
- Four interior 5 ton cranes and one 15 ton outside crane
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
$211,702
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
4.23%
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%
$4,234,040
$4.2M
Cap Rate 7%
$3,024,314
$3.0M
Cap Rate 9%
$2,352,244
$2.4M
Market Conditions
NOI Build-Up for 17,332 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
$260.0K $15.00/SF
− Vacancy
−$10.9K −$0.63/SF
EGI
$249.1K $14.37/SF
− OpEx
−$37.4K −$2.16/SF
NOI
$211.7K $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%
$4,234,040
Cap Rate 7%
$3,024,314
Cap Rate 9%
$2,352,244
Alternative Uses
Best Use
Warehouse
$3.02M
$2.65M – $3.53M
NOI $211,702 @ 7.0% cap · market cap 4.23%
Second Best
Industrial
$2.49M
$2.18M – $2.91M
NOI $174,343 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$4.51M
$3.95M – $5.27M
NOI $315,928 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 80524, CO
39,030
Population
17,548
Households
2.2
Avg Household Size
37
Median Age
52%
College-Educated
94%
High-School Grad
122.7 sq mi
ZIP Area
318
Density / Sq Mi
$84,440
Median Household Income
$45,046
Median Earnings
$1,623
Median Rent
$527,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Fenced industrial site with substantial production space, office areas, overhead lifting equipment, and a separate remodeled house.
Where is this manufacturing property located?
The property is located at 617 N Timberline Rd Fort Collins, CO.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Six‑acre fenced manufacturing site; 17,332‑square‑foot industrial building with ceilings over 20 feet; Four interior 5 ton cranes and one 15 ton outside crane
