Standalone Professional Office
New
For Sale
Contact for pricing
1000 Centre Ave, Fort Collins, CO 80526
Concrete roofing is backed by a 20-year warranty, and the property supports medical and behavioral health uses.
Property Size8,300 SF
Price / SF$234.94
Days on Market6
Property Features for 1000 Centre Ave
General Information
Standard status
Active
Size
8,300 SF
Property subtype
OFFICE
Building Details
Buildings
1
Listing Agency:
LC Real Estate Group
(970) 413-1182
Listed By:
Rico Devlin · License #40037632
(970) 413-1182
Source:
Moodyscre
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 10 at 9:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LC Real Estate Group
Investment Insights
Based on property information with market context.
This standalone office property contains 8,300 square feet and is positioned within a managed office park. Its professional configuration supports medical and behavioral health occupancy, with established medical and professional co-tenancy in the surrounding park. The building also features a concrete roof backed by a 20-year warranty.
The property is located in Fort Collins near the Drake Road and Shields Street area. Parks, retail, restaurants, medical services, and Colorado State University are identified among the nearby amenities, providing a broad mix of surrounding destinations for office occupants and visitors.
The property is located in Fort Collins near the Drake Road and Shields Street area. Parks, retail, restaurants, medical services, and Colorado State University are identified among the nearby amenities, providing a broad mix of surrounding destinations for office occupants and visitors.
Key Highlights
- 8,300‑square‑foot standalone professional office building
- Concrete roof with a 20‑year warranty
- Located within a managed office park
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
$116,469
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
5.97%
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%
$2,329,380
$2.3M
Cap Rate 7%
$1,663,843
$1.7M
Cap Rate 9%
$1,294,100
$1.3M
Market Conditions
NOI Build-Up for 8,300 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
$182.3K $21.96/SF
− Vacancy
−$27.0K −$3.25/SF
EGI
$155.3K $18.71/SF
− OpEx
−$38.8K −$4.68/SF
NOI
$116.5K $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%
$2,329,380
Cap Rate 7%
$1,663,843
Cap Rate 9%
$1,294,100
Alternative Uses
Best Use
Office B
$1.66M
$1.46M – $1.94M
NOI $116,469 @ 7.0% cap · market cap 5.97%
Second Best
Healthcare Medical
$1.65M
$1.44M – $1.92M
NOI $115,456 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,292 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 80526, CO
45,624
Population
19,463
Households
2.3
Avg Household Size
35
Median Age
57%
College-Educated
98%
High-School Grad
32.0 sq mi
ZIP Area
1,426
Density / Sq Mi
$89,098
Median Household Income
$42,496
Median Earnings
$1,641
Median Rent
$520,500
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 - Concrete roofing is backed by a 20-year warranty, and the property supports medical and behavioral health uses.
Where is this office building located?
The property is located at 1000 Centre Ave Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 8,300‑square‑foot standalone professional office building; Concrete roof with a 20‑year warranty; Located within a managed office park
