Renovated Office Building For
1520 South College Avenue, Fort Collins, CO 80524
For Sale
$2,112,135
Renovated office building with detailed finishes near Colorado State University.
Property Size7,074 SF
Price / SF$298.58
Days on Market230
Property Features for 1520 South College Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
CBRE - Fort Collins
Listed By:
Mike Eyer · License #FA100012904
(970) 872-3844
Source:
Cbre
Added: Mar 25
Changed: Aug 14
Last Checked: Aug 14 at 9:58AM
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 CBRE - Fort Collins
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This beautifully renovated converted office building houses private offices with detailed finishes. The two-story building features a reception room, conference room, and a kitchen/breakroom. Hardwood floors and carpeting are present throughout the 7,074 square foot property. An outdoor deck is also included. Located northwest of Prospect Road on College Avenue, the building is situated at the gateway to downtown Fort Collins, offering high visibility and exposure on South College Avenue. The property is minutes from Colorado State University and includes a monument sign on College Avenue. Due diligence information is available upon request.
Key Highlights
- Prime location at the gateway to downtown Fort Collins with high visibility and exposure on S College Ave.
- Minutes from Colorado State University (CSU).
- Beautiful, detailed finishes throughout the renovated office building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,265
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,985,300
$2.0M
Cap Rate 7%
$1,418,071
$1.4M
Cap Rate 9%
$1,102,944
$1.1M
Market Conditions
NOI Build-Up for 7,074 SF
Gross rent
$155.3K $21.96/SF
− Vacancy
−$23.0K −$3.25/SF
EGI
$132.4K $18.71/SF
− OpEx
−$33.1K −$4.68/SF
NOI
$99.3K $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%
$1,985,300
Cap Rate 7%
$1,418,071
Cap Rate 9%
$1,102,944
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.65M
NOI $99,265 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,945 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 80524, CO
39,030
Population
17,548
Households
2.2
Avg Household Size
37
Median Age
52%
College-Educated
94%
High-School Grad
122.7 sq mi
ZIP Area
318
Density / Sq Mi
$84,440
Median Household Income
$45,046
Median Earnings
$1,623
Median Rent
$527,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Fort Collins, CO
Properties on Market for Office buildings in Fort Collins
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Renovated office building with detailed finishes near Colorado State University.
Where is this office building located?
The property is located at 1520 South College Avenue Fort Collins, CO.
What is the asking price?
The asking price for this property is $2,112,135.
What are key features of this property?
This property features: Prime location at the gateway to downtown Fort Collins with high visibility and exposure on S College Ave.; Minutes from Colorado State University (CSU).; Beautiful, detailed finishes throughout the renovated office building.
