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 Market514
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: Sep 3
Last Checked: Sep 4 at 7:14AM
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
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 = 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
$33,495
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
8.59%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Moore Animal Hospital — 1812 Jessup Dr, Fort Collins, CO 80525
- Red Sage Integrative Veterinary Partners — 1006 Luke St, Fort Collins, CO 80524
- 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.
