Remodeled Office Suite with
For Sale
Contact for pricing
2002 Caribou, Fort Collins, CO 80525
Remodeled office suite includes reception area, six private offices, conference room, private restroom, and kitchenette/breakroom.
Property Size2,242 SF
Price / SF$312.22
Days on Market748
Property Features for 2002 Caribou
General Information
Standard status
Active
Size
2,242 SF
Property subtype
OFFICE
Amenities
open reception/waiting area
six private offices
conference room
private restroom
kitchenette/breakroom
Building Details
Year Renovated
2016
Listing Agency:
The Group, Inc.
(970) 222-0077
Listed By:
Craig Hau
(970) 222-0077
Source:
Moodyscre
Added: Aug 14, 2024
Changed: Aug 23
Last Checked: Aug 31 at 12:34AM
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.
Investment Insights
Based on property information with market context.
Suite 102-B in Timberline Office Park offers a remodeled office interior. The layout includes an open reception and waiting area, six private offices, a conference room, a private restroom, and a kitchenette/breakroom. The space is well-suited for an owner-user looking for defined office rooms alongside shared reception functionality, and it is also available for lease.
The property is located in South Central Fort Collins and presented as a high-quality owner-user opportunity within Timberline Office Park.
For sale as an office unit, this suite provides a practical combination of public-facing reception space, multiple private offices, and dedicated meeting and support areas.
The property is located in South Central Fort Collins and presented as a high-quality owner-user opportunity within Timberline Office Park.
For sale as an office unit, this suite provides a practical combination of public-facing reception space, multiple private offices, and dedicated meeting and support areas.
Key Highlights
- Remodeled office suite in Timberline Office Park (Suite 102‑B), South Central Fort Collins
- 2016 remodel includes an open reception/waiting area
- Suite includes six private offices
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
$31,461
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
4.49%
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%
$629,220
$629.2K
Cap Rate 7%
$449,443
$449.4K
Cap Rate 9%
$349,567
$349.6K
Market Conditions
NOI Build-Up for 2,242 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
$49.2K $21.96/SF
− Vacancy
−$7.3K −$3.25/SF
EGI
$41.9K $18.71/SF
− OpEx
−$10.5K −$4.68/SF
NOI
$31.5K $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%
$629,220
Cap Rate 7%
$449,443
Cap Rate 9%
$349,567
Alternative Uses
Best Use
Office B
$449.4K
$393.3K – $524.4K
NOI $31,461 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$583.8K
$510.8K – $681.1K
NOI $40,867 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,039
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 - Remodeled office suite includes reception area, six private offices, conference room, private restroom, and kitchenette/breakroom.
Where is this office units located?
The property is located at 2002 Caribou Fort Collins, CO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Remodeled office suite in Timberline Office Park (Suite 102‑B), South Central Fort Collins; 2016 remodel includes an open reception/waiting area; Suite includes six private offices
