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Downtown Fort Collins Investment Opportunity

125 S Howes St, Fort Collins, CO 80521

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For Sale

$1,995,000

6,200 SF office/retail condo leased to Key Bank.

Type:Investment

Property size:

6,200 SF

Price / SF:

$321/SF

HighLights

Triple net lease to Key Bank with 5+ years of term remaining.
Net operating income of $133,100 with a 6.67% CAP rate (beginning May 2026).
Located in downtown Fort Collins at 125 S. Howes Street.
Includes ownership of a 40,000 SF parking lot.
Located in the iconic Key Bank Tower with Key Bank signage.
First floor suite with direct access and reserved parking.

We can help!

Listing Contact

Erik Broman

Learn more

For Sale

$1,995,000

6,200 SF office/retail condo leased to Key Bank.

Type:Investment

Property size:

6,200 SF

Price / SF:

$321/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 4:08 pm

Property Features for 125 S Howes St

General Information

Standard status: Active
Size: 6,200 SF
Property subtype: Investment

Building Details

Year Built: 1970

We can help!

Listing Contact

Erik Broman

Listing agent Erik Broman License #FA.100006880

Listing office Realtec Fort Collins

Listing date Apr 24, 2026

Source Elliman

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 Realtec Fort Collins

HighLights

Triple net lease to Key Bank with 5+ years of term remaining.
Net operating income of $133,100 with a 6.67% CAP rate (beginning May 2026).
Located in downtown Fort Collins at 125 S. Howes Street.
Includes ownership of a 40,000 SF parking lot.
Located in the iconic Key Bank Tower with Key Bank signage.
First floor suite with direct access and reserved parking.

Overview

Located in downtown Fort Collins, 125 S. Howes Street presents a triple net investment opportunity. This 6,200 SF office/retail condo is leased to Key Bank on a triple net lease for 30 years. The property generates a stable income with a current net operating income of $133,100 and a 6.67% CAP rate, beginning May 2026. Key Bank has signage on the building, known as the Key Bank Tower. The property includes ownership of an additional 40,000 SF parking lot. This first-floor suite features direct access and reserved parking. The location has a bike score of 100, indicating it is a biker's paradise, a walk score of 94, indicating it is a walker's paradise, and a transit score of 51, indicating good transit.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$148.8k	$24.00
− Vacancy	−$6.7k	−$1.08
EGI	$142.1k	$22.92
− OpEx	−$35.5k	−$5.73
NOI	$106.6k	$17.19

6,200 SF · lease $24.00/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.52M

$1.33M – $1.78M (±1% cap)

NOI $106,578 @ 7.0% cap · market cap 5.34%

Second Best

Retail

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,510 @ 7.0% cap · market cap 4.69%

Theoretical Best

Office A

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $113,014 @ 7.0% cap · market cap 5.66%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Ringenberg & Beller, P.C. Law Firm Fischer Law Group, ... Law Firm Jerome B. Roselle, ... Law Firm Vahrenwald, McMahill, Massey ... Law Firm Santangelo Law Offices Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Fort Collins
County: Larimer
State: Colorado
Longitude: -105.0811339
Latitude: 40.5860381

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For sale
Banks
CO
Fort Collins
80521
125 S Howes St

What type of property is this?

Bank - 6,200 SF office/retail condo leased to Key Bank.

Where is this bank located?

The property is located at 125 S Howes St Fort Collins, CO.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: Triple net lease to Key Bank with 5+ years of term remaining.; Net operating income of $133,100 with a 6.67% CAP rate (beginning May 2026).; Located in downtown Fort Collins at 125 S. Howes Street.

125 S Howes St, Fort Collins, CO 80521

6,200 SF office/retail condo leased to Key Bank.

Property Features for 125 S Howes St

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Store with Yard Storage

Professional Office Building in Fort Collins

Triplex-Style Residential Income Property

Prime Fort Collins Medical Office

Fort Collins Fourplex Investment Opportunity

Over-Under Duplex with Private Entrance

Downtown Fort Collins Office Building

Fully Leased Duplex Investment

Fort Collins Fourplex Near Hospital

Retail-Warehouse with Overhead Doors

Professional Office Condo For Sale

Adaptable Retail/Flex Building For Sale

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