Upgraded Half-Duplex Income
For Sale
Under Contract
$512,500
6909 Enterprise Dr, Fort Collins, CO 80526
Residential, Fort Collins, CO
Property Size2,538 SF
Lot Size0.08 Acres
Price / SF$201.93
Days on Market81
Property Features for 6909 Enterprise Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R1
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Dining Room
Window features
Window Coverings
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Cathedral Ceiling(s), Open Floorplan, Pantry, Washer/Dryer Hookup, Kitchen Island
Fireplace
1
Basement
Crawl Space
Appliances
Gas Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Water Purifier Owned, Disposal, Fire Alarm
Subdivision
Registry Ridge 7th Filing
Lot features
Paved, Curbs, Gutters, Sidewalks, Street Light
Elementary school
Coyote Ridge
Middle school
Erwin, Lucile
High school
Loveland
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active Under Contract
APN
R1661396
Size
2,538 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2908
HOA Fee
$110 Monthly
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Amenities
luxury vinyl plank flooring
floor-to-ceiling tiled gas fireplace
large center island
upgraded gas range
oversized walk-in pantry
dedicated main-floor office
custom coffee/wine bar
private patio
decorative tile
cafe lights
pergola with adjustable louvers
natural gas grill connection
loft
five-piece bath
walk-in closets
laundry room
Building Details
Year built
2018
Floors in Building
2
Building materials
Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
RE/MAX Alliance-FTC South · RE/MAX International
(970) 226-3990
Listed By:
Jennifer Moody-Steyer
(970) 631-7027
Added: Jun 18
Changed: Sep 2
Last Checked: Sep 6 at 8:06AM
MLS# 1062295
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.
Built in 2018, this 2,538-square-foot contemporary half-duplex combines an open main level with flexible spaces across two floors. Interior features include luxury vinyl plank flooring, a floor-to-ceiling tiled gas fireplace, a kitchen with a gas range, center island, and oversized walk-in pantry, plus a main-floor office and custom coffee or wine bar. A loft provides additional workspace, while the primary suite includes a five-piece bathroom and two other bedrooms offer walk-in closets. The home also includes a dedicated laundry room, central air, forced-air heating, and a composition roof.
Outdoor living extends to a private patio equipped with decorative tile, café lights, a pergola with adjustable louvers, and a natural gas grill connection. The property encompasses 0.08 acres and is served by public sewer, with natural gas available. Zoning is R1.
Outdoor living extends to a private patio equipped with decorative tile, café lights, a pergola with adjustable louvers, and a natural gas grill connection. The property encompasses 0.08 acres and is served by public sewer, with natural gas available. Zoning is R1.
Key Highlights
- 2,538‑square‑foot half‑duplex built in 2018
- Contemporary design with open floor plan and luxury vinyl plank flooring
- Kitchen includes gas range, center island, and oversized walk‑in pantry
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
$31,508
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
6.15%
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%
$630,160
$630.2K
Cap Rate 7%
$450,114
$450.1K
Cap Rate 9%
$350,089
$350.1K
Market Conditions
NOI Build-Up for 2,538 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
$60.3K $23.76/SF
− Vacancy
−$3.0K −$1.19/SF
EGI
$57.3K $22.57/SF
− OpEx
−$25.8K −$10.16/SF
NOI
$31.5K $12.41/SF
Area
Fort Collins, CO
Vacancy
5.00%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
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%
$630,160
Cap Rate 7%
$450,114
Cap Rate 9%
$350,089
Alternative Uses
Best Use
Apartment 5plus
$450.1K
$393.9K – $525.1K
NOI $31,508 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$660.9K
$578.3K – $771.1K
NOI $46,263 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 80526, CO
45,624
Population
19,463
Households
2.3
Avg Household Size
35
Median Age
57%
College-Educated
98%
High-School Grad
32.0 sq mi
ZIP Area
1,426
Density / Sq Mi
$89,098
Median Household Income
$42,496
Median Earnings
$1,641
Median Rent
$520,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Contemporary half-duplex with flexible living areas, upgraded finishes, and private outdoor space.
Where is this single family property located?
The property is located at 6909 Enterprise Dr Fort Collins, CO.
What is the asking price?
The asking price for this property is $512,500.
What are key features of this property?
This property features: 2,538‑square‑foot half‑duplex built in 2018; Contemporary design with open floor plan and luxury vinyl plank flooring; Kitchen includes gas range, center island, and oversized walk‑in pantry
