Downtown Fort Collins Investment
125 S Howes St Fort Collins, CO 80521
125 S Howes St, Fort Collins, CO, 80521
$1,995,000
For Sale
$1,995,000
6,200 SF office/retail condo leased to Key Bank.
Property Size6,200 SF
Price / SF$321.77
Days on Market89
Property Features for 125 S Howes St
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1970
Listing agency
Realtec Commercial Real Estate- Fort Collins
(970) 229-9900
Listed by
Erik Broman · License #FA.100006880
(970) 229-9900
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:28PM Checked: Jul 19 at 6:22AM
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 Commercial Real Estate- Fort Collins
Investment Insights
Based on property information with market context.
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.
Key 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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
NOI $106,578 @ 7.0% cap · market cap 5.34%
Second Best
Retail
$1.34M
$1.17M – $1.56M
NOI $93,510 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,014 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
Similar For Sale Nearby
FAQs
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.
