Multi-Tenant Office
For Sale
Contact for pricing
1044 W Drake Rd, Fort Collins, CO 80526
Stabilized multi-tenant office building with a recently remodeled common area near Colorado State University.
Property Size11,648 SF
Price / SF$236.95
Days on Market34
Property Features for 1044 W Drake Rd
General Information
Standard status
Active
Size
11,648 SF
Property subtype
OFFICE
Building Details
Tenancy
Multi
Listing Agency:
Cushman & Wakefield | Fort Collins
(970) 267-7727
Listed By:
Aki Palmer · License #040037834
Source:
Moodyscre
Added: Jun 30
Changed: Jul 26
Last Checked: Aug 1 at 2:05PM
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 Cushman & Wakefield | Fort Collins
Investment Insights
Based on property information with market context.
This stabilized multi-tenant office building offers a recently remodeled common area. The property is positioned to accommodate a variety of office users within a shared building environment, with common spaces updated to support day-to-day operations.
The building is located at the intersection of Drake Rd and Shield Rd near Colorado State University in Fort Collins, CO. As a multi-tenant asset, it presents potential for future rent improvement.
The offering is for sale.
The building is located at the intersection of Drake Rd and Shield Rd near Colorado State University in Fort Collins, CO. As a multi-tenant asset, it presents potential for future rent improvement.
The offering is for sale.
Key Highlights
- Multi‑tenant office building near the intersection of Drake Rd and Shield Rd in Fort Collins, CO
- Stabilized income property
- Recently remodeled common area
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $255.8k | $21.96 |
| − Vacancy | −$37.9k | −$3.25 |
| EGI | $217.9k | $18.71 |
| − OpEx | −$54.5k | −$4.68 |
| NOI | $163.4k | $14.03 |
11,648 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.34M
$2.04M – $2.72M
NOI $163,450 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,320 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
965
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 - Stabilized multi-tenant office building with a recently remodeled common area near Colorado State University.
Where is this office building located?
The property is located at 1044 W Drake Rd Fort Collins, CO.
What is the asking price?
The asking price for this property is $2,760,000.
What are key features of this property?
This property features: Multi‑tenant office building near the intersection of Drake Rd and Shield Rd in Fort Collins, CO; Stabilized income property; Recently remodeled common area
