Medical Office
1424 E Horsetooth Rd 1, Fort Collins, CO 80525
For Sale
$456,000
Superbly maintained medical office suite that offers an easy path to standard office use.
Property Size2,025 SF
Price / SF$225.19
Days on Market131
Property Features for 1424 E Horsetooth Rd 1
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Group Harmony
Listed By:
Rhett Strom · License #IREP22798
(970) 692-4454
Source:
Thestrohmangroup
Added: Jul 2
Changed: Oct 25
Last Checked: Oct 7 at 4:49PM
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
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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 / Yr
$28,416
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Balanced
Demand for This Use
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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
$563,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Fort Collins, CO
Properties on Market for Medical Office Space in Fort Collins
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Dr. Kerry Hoobler-Riek — 3820 S Timberline Rd, Fort Collins, CO 80525
- Countryside Animal Hospital — 3820 S Timberline Rd, Fort Collins, CO 80525
- Harley Wendy DVM — 3820 S Timberline Rd, Fort Collins, CO 80525
- Rohn Kelly DVM — 3820 S Timberline Rd, Fort Collins, CO 80525
- Sanden Jr James V DVM — fort collins, co 80525
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
