Building Details

Year Built 2003

Buildings 1

Listing Agency: CBRE - Fort Collins

Listed By: TJ Antinora · License #100066530 Show Phone

Source: Crexi

Added: Jul 17, 2024 Changed: Oct 25 Last Checked: Oct 26 at 3:57PM

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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.

This centrally located industrial flex building offers an exceptional opportunity. Situated less than a mile from the highway 66/I-25 interchange, the property provides convenient access from Fort Collins through Denver. The building spans 11,375 square feet, featuring approximately 4,600 square feet of office space, complete with a break room and a separate kitchen. The warehouse is thoughtfully sectioned and boasts five oversized 14’x12’ overhead doors, making it ideal for various business needs. This versatile property is in a strategic front range location.

Key Highlights

• Prime location: Less than a mile from the Highway 66/I‑25 interchange, providing convenient access from Fort Collins through Denver.
• Substantial space: 11,375 square feet total, suitable for diverse business operations.
• Ample office space: Approximately 4,600 square feet of office area, including a break room and separate kitchen.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$101,422

Cap Rate

5.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,028,440 $2.0M

Cap Rate 7%

$1,448,886 $1.4M

Cap Rate 9%

$1,126,911 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,375 SF

Gross rent

$157.0K $13.80/SF

− Vacancy

−$12.1K −$1.06/SF

EGI

$144.9K $12.74/SF

− OpEx

−$43.5K −$3.82/SF

NOI

$101.4K $8.92/SF

Area

Weld County, CO

Vacancy

7.70%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,028,440

Cap Rate 7%

$1,448,886

Cap Rate 9%

$1,126,911

Alternative Uses

Best Use

Industrial

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,422 @ 7.0% cap · market cap 5.09%

Second Best

Flex RnD

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,177 @ 7.0% cap · market cap 4.73%

Theoretical Best

Office B

$2.07M

$1.81M – $2.42M (±1% cap)

NOI $145,117 @ 7.0% cap · market cap 7.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Kitchen & Bath Showroom Barber Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

271

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 80504, CO

60,183

Population

23,359

Households

2.6

Avg Household Size

38

Median Age

43%

College-Educated

93%

High-School Grad

94.6 sq mi

ZIP Area

636

Density / Sq Mi

$109,671

Median Household Income

$54,317

Median Earnings

$1,895

Median Rent

$556,500

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Centrally located industrial flex building with office and warehouse space.

Where is this flex space located?

The property is located at 14479 Mead Ct Mead, CO.

What is the asking price?

The asking price for this property is $1,990,625.

What are key features of this property?

This property features: Prime location: Less than a mile from the Highway 66/I‑25 interchange, providing convenient access from Fort Collins through Denver.; Substantial space: 11,375 square feet total, suitable for diverse business operations.; Ample office space: Approximately 4,600 square feet of office area, including a break room and separate kitchen.