Fort Collins Office Suite For
For Sale
$390,000
1513 Riverside #1, Fort Collins, CO 80524
Northeast Fort Collins office suite suitable for owner-user.
Property Size2,387 SF
Lot Size0.14 Acres
Price / SF$163.39
Days on Market560
Property Features for 1513 Riverside #1
General Information
Standard status
Active
Size
2,387 SF
Lot size
0.14 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,351
Amenities
Central air
Alley
Central Air Cooling
City Limits
Composition Roof
Curbs
Forced Air Heating
Level
Level Lot
Low Carpet
Paved Parking
Ramp Access
Sidewalks
Building Details
Year Built
1972
Listing Agency:
Group Centerra
(970) 613-0700
Listed By:
CRAIG C HAU
(970) 377-4979
Source:
Corcoran
Added: Apr 10, 2025
Changed: Oct 5
Last Checked: Oct 20 at 8:34PM
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 Group Centerra
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Investment Insights
Based on property information with market context.
An owner-user office suite is available for sale in northeast Fort Collins. Located in the Professional Arts Building Condominiums, this upper-level office suite offers 2,387 rentable square feet. The current layout is designed as a dental office, featuring procedure areas, a waiting room, a reception area with a built-in desk, a wet bar, private offices, and two private restrooms. A second entrance at the back of the building provides ADA accessibility via a ramp.
Key Highlights
- 2,387 SF office suite ideal for owner‑user.
- Currently configured as a dental office with procedure areas, waiting room, and reception.
- Located in the Professional Arts Building Condominiums in northeast Fort Collins.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,495
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,900
$669.9K
Cap Rate 7%
$478,500
$478.5K
Cap Rate 9%
$372,167
$372.2K
Market Conditions
NOI Build-Up for 2,387 SF
Gross rent
$52.4K $21.96/SF
− Vacancy
−$7.8K −$3.25/SF
EGI
$44.7K $18.71/SF
− OpEx
−$11.2K −$4.68/SF
NOI
$33.5K $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%
$669,900
Cap Rate 7%
$478,500
Cap Rate 9%
$372,167
Alternative Uses
Best Use
Office B
$478.5K
$418.7K – $558.3K
NOI $33,495 @ 7.0% cap · market cap 8.59%
Second Best
Healthcare Medical
$474.3K
$415.1K – $553.4K
NOI $33,204 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$621.6K
$543.9K – $725.2K
NOI $43,510 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Moore Animal Hospital — 1812 Jessup Dr, Fort Collins, CO 80525
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- Fort Collins Veterinary Emergency Hospital — 816 S Lemay Ave, Fort Collins, CO 80524
Frequently Asked Questions
What type of property is this?
Medical Office Space - Northeast Fort Collins office suite suitable for owner-user.
Where is this medical office space located?
The property is located at 1513 Riverside #1 Fort Collins, CO.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,387 SF office suite ideal for owner‑user.; Currently configured as a dental office with procedure areas, waiting room, and reception.; Located in the Professional Arts Building Condominiums in northeast Fort Collins.
