Berthoud Warehouse and Greenhouse
For Sale
Contact for pricing
806 N 2nd St, Berthoud, CO 80513
18,994 SF Berthoud property with warehouse and greenhouse.
Property Size7,742 SF
Price / SF$142.08
Days on Market1916
Property Features for 806 N 2nd St
General Information
Standard status
Active
Size
7,742 SF
Property subtype
Industrial
Zoning
Light Industrial Town of Berthoud
Lease Type
NNN
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
CBRE - Fort Collins
Listed By:
Julius Tabert · License #CO FA40037286
(970) 372-3852
Source:
Crexi
Added: Jun 16, 2021
Changed: Sep 12
Last Checked: Sep 12 at 6:54AM
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 CBRE - Fort Collins
Investment Insights
Based on property information with market context.
Located in Berthoud, Colorado, approximately halfway between Fort Collins and Denver along the Front Range Urban Corridor, this property features a total of 18,994 square feet. The property includes a 7,742-square-foot warehouse with a lease rate of $9.00 per square foot NNN, and a fully equipped 11,252-square-foot greenhouse with a lease rate of $2.99/MG. Berthoud is a Statutory Town in Larimer and Weld counties, situated in the north-central part of the state.
Key Highlights
- Total property size of 18,994 SF.
- Includes a 7,742 SF warehouse with a $9.00/SF NNN lease rate.
- Features an 11,252 SF fully equipped greenhouse with a $2.99/MG lease rate.
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
$83,365
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
7.58%
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%
$1,667,300
$1.7M
Cap Rate 7%
$1,190,929
$1.2M
Cap Rate 9%
$926,278
$926.3K
Market Conditions
NOI Build-Up for 7,742 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
$107.3K $13.86/SF
− Vacancy
−$9.2K −$1.19/SF
EGI
$98.1K $12.67/SF
− OpEx
−$14.7K −$1.90/SF
NOI
$83.4K $10.77/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /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%
$1,667,300
Cap Rate 7%
$1,190,929
Cap Rate 9%
$926,278
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,365 @ 7.0% cap · market cap 7.58%
Second Best
Industrial
$980.8K
$858.2K – $1.14M
NOI $68,653 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,465 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80513, CO
15,824
Population
6,563
Households
2.4
Avg Household Size
42
Median Age
44%
College-Educated
97%
High-School Grad
71.4 sq mi
ZIP Area
222
Density / Sq Mi
$117,024
Median Household Income
$53,161
Median Earnings
$1,709
Median Rent
$558,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 18,994 SF Berthoud property with warehouse and greenhouse.
Where is this warehouse located?
The property is located at 806 N 2nd St Berthoud, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Total property size of 18,994 SF.; Includes a 7,742 SF warehouse with a $9.00/SF NNN lease rate.; Features an 11,252 SF fully equipped greenhouse with a $2.99/MG lease rate.
