Berthoud Warehouse and Greenhouse
For Sale
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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 Market1961
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: Oct 26
Last Checked: Oct 26 at 2:34PM
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
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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 / Yr
$83,365
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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.
