New Industrial Building in
For Sale
$2,985,000
8761 Bonfire Dr, Wellington, CO 80549
Newly constructed 11,125 SF industrial building for sale.
Property Size11,125 SF
Price / SF$268.31
Days on Market133
Property Features for 8761 Bonfire Dr
General Information
Standard status
Active
Size
11,125 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$6,376
Building Details
Building Size
11,125 SF
Year Built
2023
Listing Agency:
Cushman & Wakefield - Fort Collins, Colorado
Listed By:
Nate Heckel · License #FA.040037901
(970) 412-0225
Source:
Elliman
Added: Apr 24
Changed: Sep 2
Last Checked: Sep 1 at 9:57PM
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, Colorado
Investment Insights
Based on property information with market context.
The property at 8761 Bonfire Drive in Wellington offers a newly constructed 11,125 square foot industrial building. The building includes approximately 9,875 square feet of high-clear warehouse space, along with 625 square feet of main-floor office space and an additional 625 square feet of second-floor office space. This layout provides a balance suitable for both operations and administrative functions. Constructed with modern design, the building offers a professional appearance with flexible industrial capabilities, making it suitable for both owner-users and investors. The property is located in the growing Wellington market and provides convenient regional access. This new asset offers high-quality industrial space in one of Northern Colorado's emerging submarkets. The location has a bike score of 50, indicating it is bikeable, and a walk score of 46, indicating car-dependent.
Key Highlights
- Newly constructed (2023) 11,125 SF industrial building
- Features approximately 9,875 SF of high‑clear warehouse space
- Includes 625 SF of main‑floor office and 625 SF of second‑floor office
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
$119,792
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
4.01%
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%
$2,395,840
$2.4M
Cap Rate 7%
$1,711,314
$1.7M
Cap Rate 9%
$1,331,022
$1.3M
Market Conditions
NOI Build-Up for 11,125 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
$154.2K $13.86/SF
− Vacancy
−$13.3K −$1.19/SF
EGI
$140.9K $12.67/SF
− OpEx
−$21.1K −$1.90/SF
NOI
$119.8K $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%
$2,395,840
Cap Rate 7%
$1,711,314
Cap Rate 9%
$1,331,022
Alternative Uses
Best Use
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,792 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.99M
$2.61M – $3.48M
NOI $209,029 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Newly constructed 11,125 SF industrial building for sale.
Where is this warehouse located?
The property is located at 8761 Bonfire Dr Wellington, CO.
What is the asking price?
The asking price for this property is $2,985,000.
What are key features of this property?
This property features: Newly constructed (2023) 11,125 SF industrial building; Features approximately 9,875 SF of **high‑clear warehouse space**; Includes 625 SF of main‑floor office and 625 SF of second‑floor office
