1331 Red Cedar CirFort Collins, CO 80524

Property Details for 1331 Red Cedar Cir

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.33 AC

Property size (Sq ft)

6,943 SF

Property type

Office buildings

APN

97012-60-100

APU

9701260100

Description

This exceptional 41,727-square-foot industrial warehouse, situated at 1331 Red Cedar Circle in Fort Collins, Colorado, presents a compelling investment opportunity. Built in 1979 and extensively renovated in 2019, the property boasts a prime location just off Highway 287 and College Avenue, offering convenient access to major transportation routes. Currently configured as five individual units, with two already leased, this versatile space offers flexibility for multiple tenants or a single large-scale user. The building features high ceilings ranging from 18 to 19 feet, providing ample vertical storage capacity. Access is facilitated by three dock-high doors and four drive-in doors, ensuring efficient loading and unloading operations. The warehouse space is complemented by the potential for a second-story office area with expansive windows, offering natural light and a pleasant work environment. Zoned for industrial use, this property benefits from its location within both the Colorado Enterprise Zone and the Colorado Opportunity Zone, providing potential tax advantages. The 1.58-acre lot provides ample space for maneuvering and potential expansion. Available space ranges from 6,943 to 20,929 square feet. This property is an ideal choice for businesses seeking a well-maintained, strategically located industrial space in a thriving Colorado market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,658,855

  6.5%

  $1,531,251

  7%

  $1,421,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,823,148

  Geo Method

  $573,631

• Alternative Use

  Use

  Valuation

  Residential

  $1,898,751

  Hospitality

  $1,739,246

  Educational

  $1,447,032

  Medical

  $1,496,798

  Retail

  $2,250,938

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.6058

Longitude

-105.076

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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