Medical Office Building with
For Sale
$975,000
1227 Ave 1227 Riverside Ave 1227, Fort Collins, CO 80524
Single-tenant medical office building features a built-in gym with showers, central air, and an onsite kitchenette/break room.
Property Size6,160 SF
Lot Size0.51 Acres
Price / SF$158.28
Days on Market117
Property Features for 1227 Ave 1227 Riverside Ave 1227
General Information
Standard status
Active
Size
6,160 SF
Lot size
0.51 Acres
Property subtype
General Commercial
Zoning
Employment District
Taxes and HOA fees
Annual Taxes
$16,900
Amenities
gym
showers
abundant natural light
kitchenette
break room
building signage
Xfinity internet
None, Central Air
3
E
22580.0
Building Details
Year Built
1987
Construction
wood frame
Tenancy
Single
Listing Agency:
(970) 213-5063
Listed By:
Waypoint Real Estate
(970) 213-5063
Source:
Xome
Added: May 1
Changed: Aug 25
Last Checked: Aug 25 at 5:56AM
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.
1227 Riverside Ave is a 5,423 SF wood-frame medical office building on 0.51 acres. The space includes a medical office build-out and an onsite gym with showers, along with a kitchenette and break room. The building is heated and cooled with forced air heating and central air conditioning, and it has abundant natural light. Building signage is in place, and the property is serviced by Xfinity for internet.
The property is located on Riverside Avenue in Fort Collins’ Employment District. Utilities are structured on a NNN basis, with electric included in CAM. A new roof is scheduled for installation in June 2026, supporting a freshly capital-improved timeline for a buyer.
The building is configured as a single-tenant footprint and is offered for sale with the described amenities and infrastructure already in place.
The property is located on Riverside Avenue in Fort Collins’ Employment District. Utilities are structured on a NNN basis, with electric included in CAM. A new roof is scheduled for installation in June 2026, supporting a freshly capital-improved timeline for a buyer.
The building is configured as a single-tenant footprint and is offered for sale with the described amenities and infrastructure already in place.
Key Highlights
- 5,423 SF single‑tenant medical office building on 0.51 acres on Riverside Ave in Fort Collins’ Employment District
- Medical office build‑out with onsite gym and showers plus kitchenette and break room
- Wood‑frame construction with gable roof; forced air heating and central air conditioning
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
$86,440
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
8.87%
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%
$1,728,800
$1.7M
Cap Rate 7%
$1,234,857
$1.2M
Cap Rate 9%
$960,444
$960.4K
Market Conditions
NOI Build-Up for 6,160 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
$135.3K $21.96/SF
− Vacancy
−$20.0K −$3.25/SF
EGI
$115.3K $18.71/SF
− OpEx
−$28.8K −$4.68/SF
NOI
$86.4K $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%
$1,728,800
Cap Rate 7%
$1,234,857
Cap Rate 9%
$960,444
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,440 @ 7.0% cap · market cap 8.87%
Second Best
Healthcare Medical
$1.22M
$1.07M – $1.43M
NOI $85,688 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,284 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,901
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.
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- Evergreen Animal Hospital: Hartman Amy DVM — 32175 Castle Ct, Evergreen, CO 80439
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant medical office building features a built-in gym with showers, central air, and an onsite kitchenette/break room.
Where is this medical office space located?
The property is located at 1227 Ave 1227 Riverside Ave 1227 Fort Collins, CO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 5,423 SF single‑tenant medical office building on 0.51 acres on Riverside Ave in Fort Collins’ Employment District; Medical office build‑out with onsite gym and showers plus kitchenette and break room; Wood‑frame construction with gable roof; forced air heating and central air conditioning
