Fort Collins Office Building For
For Sale
$1,975,000
1109 Dr 1109 Oak Park Dr 1109, Fort Collins, CO 80525
11,120 SF office building in South Fort Collins.
Property Size11,120 SF
Lot Size1.05 Acres
Price / SF$177.61
Days on Market166
Property Features for 1109 Dr 1109 Oak Park Dr 1109
General Information
Standard status
Active
Size
11,120 SF
Lot size
1.05 Acres
Property subtype
General Commercial
Amenities
Central Air
3
HC
45903.0
Building Details
Year Built
2001
Listing Agency:
Waypoint Real Estate
(970) 213-3116
Listed By:
Waypoint Real Estate
(970) 213-3116
Source:
Xome
Added: Mar 11
Changed: Aug 23
Last Checked: Aug 22 at 8:09AM
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 Waypoint Real Estate
Investment Insights
Based on property information with market context.
Located in South Fort Collins within Oakridge Business Park, 1109 Oak Park Drive is an 11,120 square foot office building situated on approximately 1.05 acres. The property provides 36 parking spaces, in addition to street parking. The building features modern finishes and flexible office layouts suitable for various professional users. Currently, the building is configured into Suite 100, which measures 8,085 square feet, and Suite 125, which measures 3,035 square feet. Suite 100 includes 34 private offices, three conference rooms, a reception area, and an outdoor patio. Suite 125 features three private offices, a kitchenette/breakroom, open workspace, private restrooms, and a second-floor outdoor patio. The building offers monument signage opportunities. The property has easy access to I-25 and College Avenue and is located near restaurants, retail, hotels, and trails. This property presents an opportunity to acquire a well-located office asset surrounded by strong amenities in one of Fort Collins' most desirable business corridors.
Key Highlights
- Well‑located 11,120 SF office building in desirable South Fort Collins business corridor.
- Flexible office layouts suitable for various professional users.
- Suite 100 features 34 private offices, three conference rooms, reception area, and outdoor patio.**
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
$156,041
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
7.90%
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%
$3,120,820
$3.1M
Cap Rate 7%
$2,229,157
$2.2M
Cap Rate 9%
$1,733,789
$1.7M
Market Conditions
NOI Build-Up for 11,120 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
$244.2K $21.96/SF
− Vacancy
−$36.1K −$3.25/SF
EGI
$208.1K $18.71/SF
− OpEx
−$52.0K −$4.68/SF
NOI
$156.0K $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%
$3,120,820
Cap Rate 7%
$2,229,157
Cap Rate 9%
$1,733,789
Alternative Uses
Best Use
Office B
$2.23M
$1.95M – $2.60M
NOI $156,041 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.53M – $3.38M
NOI $202,695 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Office building - 11,120 SF office building in South Fort Collins.
Where is this office building located?
The property is located at 1109 Dr 1109 Oak Park Dr 1109 Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Well‑located 11,120 SF office building in desirable South Fort Collins business corridor.; Flexible office layouts suitable for various professional users.; Suite 100 features 34 private offices, three conference rooms, reception area, and outdoor patio.**
