Freestanding Retail Auto
For Sale
$2,150,000
8400 6th St, Wellington, CO 80549
Freestanding retail building with a large showroom, adjacent parts warehouse, and drive-in overhead doors.
Property Size9,600 SF
Days on Market109
Property Features for 8400 6th St
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
9,600 SF
Year Built
2014
Tenancy
Single
Listing Agency:
Cushman & Wakefield | Fort Collins
(970) 231-7513
Listed By:
Jason Ells · License #FA.040024170
(970) 231-7513
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 9 at 8:29AM
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
Investment Insights
Based on property information with market context.
Freestanding retail building operating as an auto parts facility. The layout includes a large, open showroom with an adjacent parts warehouse area, plus a small mezzanine storage section over a portion of the showroom. Both building sections are accessible via drive-in overhead doors, supporting straightforward loading and customer/operational flow.
The property is located in Wellington near the interchange and just off the area of Cleveland and 6th. The site features prominent building signage.
Napa Auto Parts is in place on a short-term, flexible lease. The current lease may be extended to form a single-tenant investment opportunity, or it can be terminated with notice to support an owner-occupant scenario.
The property is located in Wellington near the interchange and just off the area of Cleveland and 6th. The site features prominent building signage.
Napa Auto Parts is in place on a short-term, flexible lease. The current lease may be extended to form a single-tenant investment opportunity, or it can be terminated with notice to support an owner-occupant scenario.
Key Highlights
- Freestanding retail building built in 2014 in Wellington
- Large, open showroom with an adjacent parts warehouse
- Includes a small mezzanine storage area over part of the showroom
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
$103,371
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
4.81%
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%
$2,067,420
$2.1M
Cap Rate 7%
$1,476,729
$1.5M
Cap Rate 9%
$1,148,567
$1.1M
Market Conditions
NOI Build-Up for 9,600 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
$133.1K $13.86/SF
− Vacancy
−$11.4K −$1.19/SF
EGI
$121.6K $12.67/SF
− OpEx
−$18.2K −$1.90/SF
NOI
$103.4K $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%
$2,067,420
Cap Rate 7%
$1,476,729
Cap Rate 9%
$1,148,567
Alternative Uses
Best Use
Warehouse
$1.48M
$1.29M – $1.72M
NOI $103,371 @ 7.0% cap · market cap 4.81%
Second Best
Industrial
$1.22M
$1.06M – $1.42M
NOI $85,129 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,376 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80549, CO
13,530
Population
5,131
Households
2.6
Avg Household Size
34
Median Age
44%
College-Educated
97%
High-School Grad
187.1 sq mi
ZIP Area
72
Density / Sq Mi
$103,760
Median Household Income
$52,401
Median Earnings
$2,290
Median Rent
$452,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Knaack Automotive — 3703 Cleveland Ave, Wellington, CO 80549
- Grease Monkey — 8201 Wellington Blvd, Wellington, CO 80549
- J & J Mobile Services — 3746 Mae Ct, Wellington, CO 80549
- Clean Slate Auto Detail & Clean Slate Auto Repair — 8017 First St G, Wellington, CO 80549
- Rod Shop LLC — 3915 Garfield Ave, Wellington, CO 80549
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding retail building with a large showroom, adjacent parts warehouse, and drive-in overhead doors.
Where is this auto shop located?
The property is located at 8400 6th St Wellington, CO.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Freestanding retail building built in 2014 in Wellington; Large, open showroom with an adjacent parts warehouse; Includes a small mezzanine storage area over part of the showroom
