Freestanding Two-Story Office
New
For Sale
$1,100,000
2821 Remington St, Fort Collins, CO 80525
Commercial Sale, Fort Collins, CO
Property Size5,421 SF
Lot Size0.86 Acres
Price / SF$202.91
Days on Market3
Property Features for 2821 Remington St
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C
Accessibility
Accessible Approach with Ramp
Appliances
Kitchenette
Subdivision
Thunderbird Estates
Lot features
City Limits, Paved, Curbs, Gutters, Sidewalks
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Standard status
Active
APN
R1013939
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
31140
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1981
Building materials
Frame, Brick, Floor: Ceramic Tile, Floor: Carpet
Roof type
Flat
Listing Agency:
Group Harmony
(970) 229-0700
Listed By:
Rachel Bomgaars
(970) 290-4198
Added: Aug 21
Last Checked: Aug 23 at 6:06AM
MLS# 1066998
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office property contains approximately 5,421 SF across two floors on a 0.86-acre parcel. The main level provides approximately 2,752 SF with reception, private offices, storage, conference rooms, a kitchenette, two entrances, and private restrooms. The upper level adds approximately 2,669 SF with a reception and waiting area, multiple offices, and private restrooms. Ceramic tile and carpet flooring, forced-air heat, central air, a flat roof, and an accessible ramp are included. Constructed in 1981, the building is zoned C and connected to public sewer.
The property is located at 2821 Remington St in Fort Collins, near the Foothills, King Soopers, Whole Foods, and other surrounding amenities. The setting offers ample parking and high traffic counts, with access suited to employees, clients, and visitors. Cable is available, and the property has no owner's association dues.
The property is located at 2821 Remington St in Fort Collins, near the Foothills, King Soopers, Whole Foods, and other surrounding amenities. The setting offers ample parking and high traffic counts, with access suited to employees, clients, and visitors. Cable is available, and the property has no owner's association dues.
Key Highlights
- Approximately 5,421 SF of office space across two floors
- 0.86‑acre parcel with ample parking
- Main floor contains approximately 2,752 SF with offices, conference rooms, storage, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,070
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,521,400
$1.5M
Cap Rate 7%
$1,086,714
$1.1M
Cap Rate 9%
$845,222
$845.2K
Market Conditions
NOI Build-Up for 5,421 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$119.0K $21.96/SF
− Vacancy
−$17.6K −$3.25/SF
EGI
$101.4K $18.71/SF
− OpEx
−$25.4K −$4.68/SF
NOI
$76.1K $14.03/SF
Area
Fort Collins, CO
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,521,400
Cap Rate 7%
$1,086,714
Cap Rate 9%
$845,222
Alternative Uses
Best Use
Office B
$1.09M
$950.9K – $1.27M
NOI $76,070 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,814 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,928
Businesses Nearby
Explore this area
Business Placement
Demographics for 80525, CO
55,901
Population
25,144
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
2,389
Density / Sq Mi
$93,349
Median Household Income
$48,876
Median Earnings
$1,744
Median Rent
$563,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible professional workspace with private offices, conference rooms, reception areas, and separate entrances across two floors.
Where is this office building located?
The property is located at 2821 Remington St Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 5,421 SF of office space across two floors; 0.86‑acre parcel with ample parking; Main floor contains approximately 2,752 SF with offices, conference rooms, storage, and kitchenette
