Clocktower Square Office For
For Sale
$844,800
323 S College #5 6, Fort Collins, CO 80524
Office suites for sale or lease in downtown Fort Collins.
Property Size3,840 SF
Lot Size0.16 Acres
Price / SF$220
Days on Market560
Property Features for 323 S College #5 6
General Information
Standard status
Active
Size
3,840 SF
Lot size
0.16 Acres
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Forced Air Heating
Rubber Roof
Building Details
Year Built
1952
Listing Agency:
RE/MAX Comm. Alliance-FTC Dwtn
(970) 215-7016
Listed By:
MICHELLE HICKEY CRAWFORD · License #1414
Source:
Corcoran
Added: Apr 16, 2025
Changed: Oct 27
Last Checked: Oct 26 at 5:22PM
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 Comm. Alliance-FTC Dwtn
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in downtown Fort Collins, Clocktower Square offers office suites for sale or lease. Suites 5 and 6, totaling 3,840 square feet, are available for sale together for $921,600. The seller is open to negotiating a 6-month lease back of the property, with the rate to be determined. Suite 6, comprising 1,488 square feet, is available for lease at $10-12.00 per square foot NNN, with NNN estimated at $12.19 per square foot. Suites 5 and 6 benefit from end-cap space, providing increased natural light. The space is currently designed for professional office uses. The property features easy access off College Avenue and is situated in downtown Fort Collins. Monument signage on College Avenue offers high exposure. The property is located within the Downtown District Zoning area and utilizes Comcast as its IT provider.
Key Highlights
- Premium downtown Fort Collins location with excellent parking.
- Rare opportunity to purchase office space in Clocktower Square.
- Flexible layout with 3,840 SF available for sale (Suites 5 & 6).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,885
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,700
$1.1M
Cap Rate 7%
$769,786
$769.8K
Cap Rate 9%
$598,722
$598.7K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$84.3K $21.96/SF
− Vacancy
−$12.5K −$3.25/SF
EGI
$71.8K $18.71/SF
− OpEx
−$18.0K −$4.68/SF
NOI
$53.9K $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%
$1,077,700
Cap Rate 7%
$769,786
Cap Rate 9%
$598,722
Alternative Uses
Best Use
Office B
$769.8K
$673.6K – $898.1K
NOI $53,885 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$999.9K
$875.0K – $1.17M
NOI $69,996 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
28
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
Frequently Asked Questions
What type of property is this?
Office unit - Office suites for sale or lease in downtown Fort Collins.
Where is this office unit located?
The property is located at 323 S College #5 6 Fort Collins, CO.
What is the asking price?
The asking price for this property is $844,800.
What are key features of this property?
This property features: Premium downtown Fort Collins location with excellent parking.; Rare opportunity to purchase office space in Clocktower Square.; Flexible layout with 3,840 SF available for sale (Suites 5 & 6).
