Office Condominium With Private
For Sale
$750,000
1103 Oak Park Drive, Fort Collins, CO 80525
Professional office condominium with reception, meeting, storage, and dedicated work areas near Harmony Road and I-25.
Property Size2,500 SF
Price / SF$300
Days on Market43
Property Features for 1103 Oak Park Drive
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Properties For Sale
at 1103 Oak Park Drive Contact us- Size
- 2,500 SF
- Type
- Office
- Availability
- Available
Suite 110
Listing Agency:
CBRE - Fort Collins
(970) 372-3845
Listed By:
Peter Kast · License #EA.000227001
(970) 372-3845
Source:
Cbre
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 31 at 2:00PM
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 CBRE - Fort Collins
Investment Insights
Based on property information with market context.
This 2,500-square-foot office condominium is configured for professional operations, with six private offices supported by a conference room, reception area, storage room, work room, and coffee bar. The layout provides a mix of enclosed offices and shared support areas within a dedicated commercial unit.
The property is located just off Harmony Road in South Fort Collins, with access to I-25. The surrounding professional corridor includes major employers, medical services, and corporate campuses, placing the office within an established business setting.
The property is located just off Harmony Road in South Fort Collins, with access to I-25. The surrounding professional corridor includes major employers, medical services, and corporate campuses, placing the office within an established business setting.
Key Highlights
- 2,500‑square‑foot office condominium in South Fort Collins
- Six private offices plus a conference room
- Reception area, storage room, and work room
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
$35,081
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
4.68%
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%
$701,620
$701.6K
Cap Rate 7%
$501,157
$501.2K
Cap Rate 9%
$389,789
$389.8K
Market Conditions
NOI Build-Up for 2,500 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
$54.9K $21.96/SF
− Vacancy
−$8.1K −$3.25/SF
EGI
$46.8K $18.71/SF
− OpEx
−$11.7K −$4.68/SF
NOI
$35.1K $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%
$701,620
Cap Rate 7%
$501,157
Cap Rate 9%
$389,789
Alternative Uses
Best Use
Office B
$501.2K
$438.5K – $584.7K
NOI $35,081 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.0K
$569.6K – $759.5K
NOI $45,570 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,335
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professional office condominium with reception, meeting, storage, and dedicated work areas near Harmony Road and I-25.
Where is this office units located?
The property is located at 1103 Oak Park Drive Fort Collins, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,500‑square‑foot office condominium in South Fort Collins; Six private offices plus a conference room; Reception area, storage room, and work room
