Listed By: Jason Ortiz Show Phone

Source: Cbre

Added: Mar 27 Changed: Oct 7 Last Checked: Oct 9 at 5:38PM

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Investment Insights

Based on property information with market context.

This commercial property is an office building offering 8,392 square feet of space. The property is located in Fort Collins, Colorado. The property has a capitalization rate of 7.69%.

Key Highlights

• 7.69% CAP Rate
• Office Property
• 8,392 SqFt of space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$117,760

Cap Rate

3.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,355,200 $2.4M

Cap Rate 7%

$1,682,286 $1.7M

Cap Rate 9%

$1,308,444 $1.3M

Market Conditions

NOI Build-Up for 8,392 SF

Gross rent

$184.3K $21.96/SF

− Vacancy

−$27.3K −$3.25/SF

EGI

$157.0K $18.71/SF

− OpEx

−$39.3K −$4.68/SF

NOI

$117.8K $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 Rate 5%

$2,355,200

Cap Rate 7%

$1,682,286

Cap Rate 9%

$1,308,444

Alternative Uses

Best Use

Office B

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,760 @ 7.0% cap · market cap 3.47%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.19M

$1.91M – $2.55M (±1% cap)

NOI $152,969 @ 7.0% cap · market cap 4.50%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

The Sleep Center at Poudre ... Medical Clinic West Side Medical ... Medical Clinic Fort Collins Women's ... Physician Angela King M.D. Physician Amber Steves, MD Medical Clinic

Suggested Use

Top Pick Real Estate Agency Electrical Service HVAC Service Locksmith (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,734

Businesses Nearby

Explore this area Business Placement

Demographics for 80524, CO

39,030

Population

17,548

Households

2.2

Avg Household Size

37

Median Age

52%

College-Educated

94%

High-School Grad

122.7 sq mi

ZIP Area

318

Density / Sq Mi

$84,440

Median Household Income

$45,046

Median Earnings

$1,623

Median Rent

$527,700

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - 8,392 SqFt office building with 7.69% CAP rate.

Where is this office building located?

The property is located at 1107 South Lemay Avenue Fort Collins, CO.

What is the asking price?

The asking price for this property is $3,398,000.

What are key features of this property?

This property features: 7.69% CAP Rate; Office Property; 8,392 SqFt of space