Medical Office
For Sale
$456,000
1424 E Horsetooth Rd 1, Fort Collins, CO 80525
Superbly maintained medical office suite that offers an easy path to standard office use.
Property Size2,025 SF
Days on Market67
Property Features for 1424 E Horsetooth Rd 1
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,984
Building Details
Building Size
2,025 SF
Year Built
1989
Listing Agency:
Group Harmony
Listed By:
Rhett Strom
(970) 692-4454
Source:
Elliman
Added: Jul 2
Changed: Aug 23
Last Checked: Sep 5 at 12:54PM
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 Harmony
Investment Insights
Based on property information with market context.
This high-quality, superbly maintained medical office space is presented with photos and a floor plan. The layout is designed for medical use and is noted as having an easy conversion to standard office.
The property is located on E Horsetooth Rd in Fort Collins, CO 80525. WalkScore is 32 with the area described as car-dependent, while bikeability is noted as very bikeable (BikeScore 79) and transit is described as minimal (TransitScore 23).
For sale as an office-style suite with an available floor plan, this offering is suited to an owner-user or buyer looking for a medically oriented interior that can be adapted for office operations.
The property is located on E Horsetooth Rd in Fort Collins, CO 80525. WalkScore is 32 with the area described as car-dependent, while bikeability is noted as very bikeable (BikeScore 79) and transit is described as minimal (TransitScore 23).
For sale as an office-style suite with an available floor plan, this offering is suited to an owner-user or buyer looking for a medically oriented interior that can be adapted for office operations.
Key Highlights
- Medical office built in 1989
- Superbly maintained medical office suite
- Easy conversion to a standard office
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
$28,416
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
6.23%
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%
$568,320
$568.3K
Cap Rate 7%
$405,943
$405.9K
Cap Rate 9%
$315,733
$315.7K
Market Conditions
NOI Build-Up for 2,025 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
$44.5K $21.96/SF
− Vacancy
−$6.6K −$3.25/SF
EGI
$37.9K $18.71/SF
− OpEx
−$9.5K −$4.68/SF
NOI
$28.4K $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%
$568,320
Cap Rate 7%
$405,943
Cap Rate 9%
$315,733
Alternative Uses
Best Use
Office B
$405.9K
$355.2K – $473.6K
NOI $28,416 @ 7.0% cap · market cap 6.23%
Second Best
Healthcare Medical
$402.4K
$352.1K – $469.5K
NOI $28,169 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$527.3K
$461.4K – $615.2K
NOI $36,912 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80525, CO
55,901
Population
25,144
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
2,389
Density / Sq Mi
$93,349
Median Household Income
$48,876
Median Earnings
$1,744
Median Rent
$563,100
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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Frequently Asked Questions
What type of property is this?
Medical Office Space - Superbly maintained medical office suite that offers an easy path to standard office use.
Where is this medical office space located?
The property is located at 1424 E Horsetooth Rd 1 Fort Collins, CO.
What is the asking price?
The asking price for this property is $456,000.
What are key features of this property?
This property features: Medical office built in 1989; Superbly maintained medical office suite; Easy conversion to a standard office
