4401 Innovation Dr Fort Collins, CO 80525
27,318 SF commercial space with open floor plan.
Property Features for 4401 Innovation Dr
General Information
- Standard status
- Active
- Size
- 27,318 SF
- Property subtype
- Office, Industrial, Special Purpose
Building Details
- Year Built
- 1978
Listing office CBRE - Fort Collins (970) 227-0035
Listing date Jul 20, 2022
Source Crexi
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.
Key Highlights
- 27,318 SF available for sale or lease.
- Anchor tenant Zero Zero Two (pickleball club) opening soon, driving property improvements and increased exposure.
- Open floor plan adaptable for various commercial uses.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $409.8k | $15.00 |
| − Vacancy | −$17.2k | −$0.63 |
| EGI | $392.6k | $14.37 |
| − OpEx | −$117.8k | −$4.31 |
| NOI | $274.8k | $10.06 |
