Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    128 Racquette Dr Fort Collins, CO 80524

    • Warehouses
    • 20,000 SF
    • 0.66 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Last Sale
    Jul 09, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0749294
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Loco Food Distribution / Food Products Supplier
    • Cheer Central Suns / Gym
    • Vintage Aircraft Inc / Aircraft Supply Store
    • OX DISTRIBUTING / Warehouse

    Property Details for 128 Racquette Dr

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    0.66 lot acres
    Property size
    20,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    87071-06-099
    APU
    8707106099

    Description

    This exceptional 20,000-square-foot industrial warehouse in Fort Collins, Colorado, presents a significant opportunity. Located at 128 Racquette Drive, 80524, this single-tenant property offers a versatile space currently configured as a warehouse. The building features two 14x14 overhead doors, providing convenient access for loading and unloading. Extensive outdoor storage is available, measuring 30x70 feet, offering ample space for equipment or materials. A shared conference room is accessible with reservation, adding a collaborative element to the property. The current tenant's lease expires April 1, 2025, presenting a move-in date that is negotiable. For those needing cold storage, a 12x18 walk-in freezer and a 12x20 walk-in refrigerator are available for purchase. This property is perfect for businesses seeking a substantial warehouse space with convenient features and ample outdoor storage in a prime Fort Collins location. The property's size and features make it suitable for a wide range of industrial and storage needs. Don't miss this chance to secure a well-located, functional warehouse in a thriving Colorado market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,555,000
      6.5%
      $3,280,000
      7%
      $3,045,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,888,000
      Market price range: $2.89M - $5.41M
      AI Estimate
      $1,967,000
      Market price range: $1.15M - $4.04M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,665,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,255,000
      Change: -11% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.045
    Latitude
    40.5894
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $61,194
    $48,100
    $621,500
    $669,600
    -
    $172,400
    $2,227,600
    $2,400,000

    Comparable in this City

    • Value Estimation by Request
      390 SF

      2649 Mulberry St, Unit B73

      MINI-WAREHOUSE, STORAGE • 390 SF
      2649 Mulberry St, Fort Collins, CO 80524-3672
      View Details
    • Value Estimation by Request
      419 SF

      2649 Mulberry St, Unit B70

      MINI-WAREHOUSE, STORAGE • 419 SF
      2649 Mulberry St, Fort Collins, CO 80524-3672
      View Details
    • Value Estimation by Request
      2,107 SF

      315 Hickory St, Unit 3

      MINI-WAREHOUSE, STORAGE • 2,107 SF
      315 Hickory St, Fort Collins, CO 80524-1177
      View Details
    • Value Estimation by Request
      422 SF

      2649 Mulberry St, Unit B72

      MINI-WAREHOUSE, STORAGE • 422 SF
      2649 Mulberry St, Fort Collins, CO 80524-3672
      View Details
    • Value Estimation by Request
      1,513 SF

      309 Smt Vw Dr, Unit 16

      MINI-WAREHOUSE, STORAGE • 1,513 SF
      309 Smt Vw Dr, Fort Collins, CO 80524-1462
      View Details
    • Value Estimation by Request
      1,500 SF

      309 Smt Vw Dr, Unit 4

      MINI-WAREHOUSE, STORAGE • 1,500 SF
      309 Smt Vw Dr, Fort Collins, CO 80524-1461
      View Details

    Similar Nearby for Sale

    • $2,275,000
      9,840 SF

      Versatile Fort Collins Commercial Property

      Spacious warehouse and office space with modern amenities and parking.
      102-102 Rome Ct, Fort Collins, CO 80524
      View Details
    • $2,275,000

      Office and Warehouse with Expansion

      Office and warehouse on 1+ acre with expansion potential.
      102 Rome Ct, Fort Collins, CO 80524
      View Details
    • Contact for pricing
      10,000 SF

      Fort Collins Flex/Warehouse Opportunity

      New Construction, 10k-30k SF, 5+ Acres
      0 Mexico Way, Fort Collins, CO 80524
      View Details
    • $850,000
      2,400 SF

      East Mulberry Commercial Property

      Fort Collins Flex/Warehouse, High Visibility
      2920 Mulberry St, Fort Collins, CO 80524
      View Details
    • $4,500,000
      17,000 SF

      Fort Collins Warehouse - $4.5M

      17,000 SF Industrial Warehouse, 1.87 Acres
      500 Link Ln, Fort Collins, CO 80524
      View Details
    • $307,100
      1,660 SF

      Industrial Condo in Airpark

      1,660 SF industrial condo with warehouse and office space.
      1627-1631 E Lincoln Ave, Fort Collins, CO 80524
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,251 SF

      Industrial Flex Space Available

      2,251 SF industrial/flex space with offices and warehouse.
      4562 Denrose Ct, Fort Collins, CO 80524
      View Details
    • $13 SF/Yr
      3,798 SF

      Flex Space with Office Buildout

      Flex space featuring reception, offices, conference room, and warehouse.
      1225 Red Cedar Cir, Fort Collins, CO 80524
      View Details
    • $9 SF/Yr
      1,500 SF

      Lincoln Plaza: Fort Collins Warehouse

      1,500 SF Industrial Space Available
      301 Lincoln Ct, Fort Collins, CO 80524
      View Details
    • $12 SF/Yr
      14,949 SF

      Industrial Space Near Mulberry Intersection

      Expandable industrial building near Mulberry and Timberline intersection available for lease.
      2479-2479 International Blvd, Fort Collins, CO 80524
      View Details
    • $12 SF/Yr
      4,800 SF

      Industrial Unit in North Fort Collins

      4,800 SF industrial unit for lease in Fort Collins.
      128 Racquette Dr, Fort Collins, CO 80524
      View Details
    • $16 SF/Yr

      Industrial/Flex Unit in Fort Collins

      Sublease opportunity in a growing Fort Collins location.
      2246 Zurich Dr, Fort Collins, CO 80524
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    128 Racquette Dr
    Fort Collins, CO 80524
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.