1501 Elizabeth StFort Collins, CO 80521

Property Details for 1501 Elizabeth St

Year built

2015

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.46 AC

Property size (Sq ft)

15,612 SF

Property type

Retail properties

Property subtype

Strip malls

APN

97154-40-001

APU

9715440001

Description

This exceptional mixed-use, multifamily, and retail property at 1501 W Elizabeth St, Fort Collins, CO 80521, presents a compelling investment opportunity. Boasting 63,598 total square feet, including 15,700 square feet of net rentable space, this Class A property is currently 100% occupied by five tenants under NNN leases. Built in 2015, the center sits on a 1.46-acre lot zoned (CC) County Commercial and features built-in rent bumps. The property's strong performance is reflected in its impressive $376,533 NOI and 6.02% cap rate. Located near Colorado State University, this highly visible and accessible center benefits from significant foot traffic and convenient access. The asking price is $6,250,000. This thriving retail hub offers both stability and significant growth potential for the discerning investor. The property's prime location and strong tenant base make it an ideal addition to any portfolio. This owner/user investment opportunity is a rare find in the competitive Fort Collins market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,483,238

  6.5%

  $5,061,450

  7%

  $4,699,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,330,795

  Geo Method

  $3,250,456

• Alternative Use

  Use

  Valuation

  Residential

  $4,269,523

  Hospitality

  $3,910,860

  Educational

  $3,253,790

  Medical

  $3,365,692

  Retail

  $5,061,450

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5741

Longitude

-105.103

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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