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    The Largest CRE Database in the US with Over 1 Million Listings

    2649 Mulberry St Fort Collins, CO 80524

    Sponsored
    For Lease
    $14 SF/Yr

    Modern Flex Units, I-25 Access, 4 Months Free!

    Lot size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    426
    This exceptional Fort Collins property at 2649 E Mulberry St, zip code 80524, offers two distinct flex spaces ideal for a variety of businesses. Unit 30 is a meticulously finished office/warehouse combination boasting upgraded electrical power, a heated warehouse area, and a private restroom. This unit provides a seamless blend of workspace and storage. Unit 31 is a fully equipped commercial kitchen space, perfect for food-related businesses. Features include a Type 1 hood system, grease trap, three-compartment sink, two walk-in coolers, one walk-in freezer, three-phase power, and a sprinkler system. Both units are located in a professionally managed building constructed in 1999. The property enjoys convenient access to Interstate 25, simplifying commutes and logistics. Association dues cover essential services including water, trash removal, building maintenance, and snow removal. A significant incentive is available: four months of free rent are offered to tenants who sign a lease by December 31, 2024. This is a rare opportunity to secure high-quality flex space in a prime Fort Collins location with substantial financial benefits. The building consists of multiple tenants. While the total square footage isn't currently specified, these units offer a compelling combination of functionality and convenience.

    Property Features for 2649 Mulberry St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF

    Building Details

    Year Built
    1999

    Spaces For Lease

    at 2649 Mulberry St, Fort Collins, CO 80524 Contact us
    Unit Unit 30

    $14 /Mo

    Size
    2,400 SF
    Contact us

    We can help!

    Listing Contact
    Jason Ells
    Jason Ells

    Learn more

    Property Insight Report

    HighLights

    • Two flex spaces available in a professionally managed building at 2649 E Mulberry St, Fort Collins, CO 80524.
    • Unit 30 features upgraded electrical, a heated warehouse, and a private restroom.
    • Unit 31 includes a Type 1 hood system, grease trap, three‑compartment sink, two walk‑in coolers, one walk‑in freezer, and three‑phase power.
    • Convenient I‑25 access.
    • Association dues cover water, trash, maintenance, and snow removal.
    • Four months free rent offered on leases signed by December 31, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Colorado Controls Production Facility Avery Electric Inc Electrical Service Vessey Funeral Service Social Service Agency Ministries Father's House Church Secret Compass (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Pharmacy Gym & Fitness Center Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.02939468
    Latitude
    40.58068071

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    FAQs

    What type of property is this?
    Flex space - Modern Flex Units, I-25 Access, 4 Months Free!
    Where is this flex space located?
    The property is located at 2649 Mulberry St Fort Collins, CO.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Two flex spaces available in a professionally managed building at 2649 E Mulberry St, Fort Collins, CO 80524.; Unit 30 features upgraded electrical, a heated warehouse, and a private restroom.; Unit 31 includes a Type 1 hood system, grease trap, three-compartment sink, two walk-in coolers, one walk-in freezer, and three-phase power.
    (970) 776-3900
    Request Owner's contact information
    2649 Mulberry St Fort Collins, CO 80524
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    Fort Collins, CO 80524
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2649 Mulberry St Fort Collins, CO 80524
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    We can help!
    Listing Contact
    Jason Ells
    Jason Ells
    Real Estate License ID: FA.040024170
    (970) 776-3900
    Learn more
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