Main-Level Office with
For Sale
Contact for pricing
1424 E Horsetooth, Fort Collins, CO 80525
For sale 3,144 SF main-level office across two units, with additional basement space partly finished.
Property Size3,144 SF
Price / SF$252.86
Days on Market912
Property Features for 1424 E Horsetooth
General Information
Standard status
Active
Size
3,144 SF
Property subtype
OFFICE
Building Details
Tenancy
Multi
Listing Agency:
The Group, Inc. - Horsetooth
(970) 227-7149
Listed By:
Rhett Strom
(970) 692-4454
Source:
Moodyscre
Added: Mar 4, 2024
Changed: Jul 28
Last Checked: Sep 1 at 8:05PM
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 The Group, Inc. - Horsetooth
Investment Insights
Based on property information with market context.
This for-sale office property offers 3,144 SF of main-level space across two units, providing a professional office environment. An additional 3,144 SF of basement space is included, with part of the basement finished in Suite 1 and the remainder unfinished in Suite 2A. The unfinished portion may be suitable for storage, lab, or support use.
The property is located across from Collindale Golf Course and C.B. & Potts, based on the provided remarks.
Square footage information is sourced from the Larimer County Assessor.
The property is located across from Collindale Golf Course and C.B. & Potts, based on the provided remarks.
Square footage information is sourced from the Larimer County Assessor.
Key Highlights
- 3,144 SF main‑level office across two units
- Additional 3,144 SF basement space, partly finished in Suite 1 and unfinished in Suite 2A
- Basement space suitable for storage, lab, or support use (per listing)
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
$44,118
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
5.55%
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%
$882,360
$882.4K
Cap Rate 7%
$630,257
$630.3K
Cap Rate 9%
$490,200
$490.2K
Market Conditions
NOI Build-Up for 3,144 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
$69.0K $21.96/SF
− Vacancy
−$10.2K −$3.25/SF
EGI
$58.8K $18.71/SF
− OpEx
−$14.7K −$4.68/SF
NOI
$44.1K $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%
$882,360
Cap Rate 7%
$630,257
Cap Rate 9%
$490,200
Alternative Uses
Best Use
Office B
$630.3K
$551.5K – $735.3K
NOI $44,118 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$818.7K
$716.4K – $955.2K
NOI $57,309 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - For sale 3,144 SF main-level office across two units, with additional basement space partly finished.
Where is this office units located?
The property is located at 1424 E Horsetooth Fort Collins, CO.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,144 SF main‑level office across two units; Additional 3,144 SF basement space, partly finished in Suite 1 and unfinished in Suite 2A; Basement space suitable for storage, lab, or support use (per listing)
