4401 Innovation DrFort Collins, CO 80525

Property Details for 4401 Innovation Dr

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.88 AC

Property size (Sq ft)

64,784 SF

Property type

Office properties

Property subtype

Office buildings

APN

87314-08-019

APU

8731408019

Description

This exceptional 64,784-square-foot freestanding office/flex warehouse, situated in the desirable Harmony Corridor, presents a unique investment or leasing opportunity. Built in 1978, this single-story building boasts a flexible layout, previously utilized as a call center, now adaptable to a variety of uses. The open floor plan allows for easy customization to suit diverse business needs, from traditional office space to creative office environments, coworking setups, or even R&D facilities. The property features a generous 18-foot ceiling height, providing ample vertical space. With a total of 269 parking spaces, offering a 4.26 per 1,000 square foot ratio, parking is abundant and convenient for employees and clients. The building sits on a sizable 4.88 acres of land, zoned HC, and is identified by APN 87314-08-019. The entire 64,784 square feet is currently vacant, allowing for immediate occupancy and complete control over the space's configuration. This Class B building offers a significant opportunity for businesses seeking a functional and spacious workspace in a prime location. The property is easily divisible into 20,000 square foot sections, providing flexibility for multiple tenants or expansion options. The ample power supply further enhances its suitability for a range of businesses. This is a rare opportunity to acquire a substantial, well-located property with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $15,478,504

  6.5%

  $14,287,850

  7%

  $13,267,289

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,011,492

  Geo Method

  $5,352,454

• Alternative Use

  Use

  Valuation

  Residential

  $17,716,934

  Hospitality

  $16,228,616

  Educational

  $13,502,018

  Medical

  $13,966,373

  Retail

  $21,003,140

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5266

Longitude

-105.045

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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