1520 Mulberry StFort Collins, CO 80524

Property Details for 1520 Mulberry St

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.19 AC

Property size (Sq ft)

16,210 SF

Property type

Banks

APN

87073-26-001

APU

8707326001

Description

This exceptional two-story, 16,210 square foot office building at 1520 East Mulberry Street in Fort Collins, Colorado, presents a compelling owner-user or investment opportunity. Built in 1974 and renovated in 2014, the Class B property sits on a 1.62-acre lot and boasts high visibility with 38,320 vehicles passing daily. Currently 38% occupied, the building generates $106,473 in annual gross rental income from four tenants. The remaining 10,126 square feet offers significant potential for an owner-user, adaptable to various office configurations, including medical or retail uses. Its strategic location, less than 1.5 miles from Highway 287 and 2.5 miles from I-25, ensures convenient access and strong potential for future growth. The asking price is $2,250,000, translating to $138.80 per square foot. This property offers a blend of immediate income and long-term growth potential in a thriving Colorado market. The property is zoned for office, medical, and retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $4,388,960

  6.5%

  $4,051,350

  7%

  $3,761,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,426,810

  Geo Method

  $1,392,840

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,853,350

  Mixed-Use / Specialty

  $4,055,970

  Hospitality / Lodging

  $3,000,550

  Office

  $4,051,720

  Institutional / Educational

  $4,223,380

  Residential Income

  $4,941,360

  Multifamily

  $5,820,720

  Automotive / Energy

  $3,620,040

  Parking / Income-Based Land

  $1,230,400

  Restaurant / Food Service

  $2,150,220

  Healthcare / Senior Housing

  $4,139,770

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5818

Longitude

-105.049

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].