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    108 Coronado Court Fort Collins, CO 80525

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    For Sale
    $760,000

    6,080 SF commercial building with income-producing leased lower level.

    Type:Office
    Property size:
    6,080 SF
    Added:
    Sep 25, 2025
    Days on Market:
    191
    Last Refresh:
    Apr 1 at 8:15 pm

    Property Features for 108 Coronado Court

    General Information

    Standard status
    Active
    Size
    6,080 SF
    Property subtype
    Office

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    Michelle Hickey Crawford

    Listing agent Michelle Hickey Crawford License #FA40038721

    Listing office RE/MAX

    Listing date Sep 25, 2025

    Source Remaxcommercial

    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 RE/MAX

    Overview

    Commercial Building with Leased Lower

    The commercial building at 108 Coronado Court offers 6,080 square feet of space, priced at $845,000. Constructed in 1998, the property includes a main and upper level totaling 3,520 square feet, complemented by a 2,560-square-foot walk-out lower level. The lower level is currently leased until March 19, 2026, with two three-year options to extend and annual rent escalations of 3%. The current rent for the lower level is $2,300 per month gross. The location provides convenient access between Fort Collins and Loveland. The property benefits from abundant natural light throughout and features two kitchenettes and four restrooms, one of which includes a shower. There is plentiful parking directly in front of the building, with additional parking available within the association. The estimated expenses for 2025 are $4.89 per square foot, including NNN and utilities. Zoned General Commercial, this property is suitable for an owner-occupant looking to offset monthly costs with rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rocky Mountain Instrumental ... Laboratory Beyers Analytical Brewing ... Laboratory Keep Smart Books ... Vocational School

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • CA Animal Hospitals8 — 4900 S College Ave Suite 110, Fort Collins, CO 80525
    • Fossil Ridge Animal Hospital — 4848 S College Ave, Fort Collins, CO 80525
    • Long Christine DVM — 4900 S College Ave #120, Fort Collins, CO 80525
    • VCA Animal Hospitals Urgent Care - Fort Collins — 4900 S College Ave Suite 110, Fort Collins, CO 80525
    • Mary E. Cahill, DVM — 4848 s college ave unit b, fort collins, co 80525

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.079
    Latitude
    40.5159

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    FAQs

    What type of property is this?
    Medical Office Space - 6,080 SF commercial building with income-producing leased lower level.
    Where is this medical office space located?
    The property is located at 108 Coronado Court Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: Lower level is leased until March 19, 2026, providing immediate rental income.; Aggressively priced at $845,000 ($139 per sf).; Total of 6,080 sf with 3,520 sf on the main and upper levels, plus a 2,560 sf walk‑out lower level.
    (970) 215-7016
    We can help!
    Listing Contact
    Michelle Hickey Crawford
    Real Estate License ID: FA40038721
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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