Fort Collins Two-Story Office
1629 Blue Spruce Dr Fort Collins, CO 80524
For Sale
$5,000,000
Versatile office building near Downtown Fort Collins with ample parking.
Property Size32,652 SF
Lot Size1.92 Acres
Price / SF$153.13
Days on Market98
Property Features for 1629 Blue Spruce Dr
General Information
Standard status
Active
Size
32,652 SF
Lot size
1.92 Acres
Property subtype
Commercial
Building Details
Year Built
1978
Listing Agency:
C3 Real Estate Solutions, LLC
(970) 222-6452
Listed By:
Travis Ackerman
(970) 222-6452
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 11:38AM
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 C3 Real Estate Solutions, LLC
Investment Insights
Based on property information with market context.
This two-story office building, located minutes from Downtown Fort Collins, offers 32,652 square feet of space on a 1.92-acre lot. Constructed in 1978 and remodeled in 2010, the property includes ample parking and convenient access to North College Avenue. The property is zoned CS (Service Commercial District), offering flexible opportunities for owner-users and investors. The location has a bike score of 84, indicating it is very bikeable, a walk score of 46, indicating car-dependent access, and a transit score of 34, indicating some transit options.
Key Highlights
- Prime Fort Collins location minutes from Downtown.
- Large 32,652 square foot two‑story office building.
- Ample parking and easy access to North College Avenue.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $717.0k | $21.96 |
| − Vacancy | −$106.1k | −$3.25 |
| EGI | $610.9k | $18.71 |
| − OpEx | −$152.7k | −$4.68 |
| NOI | $458.2k | $14.03 |
32,652 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.55M
$5.73M – $7.64M
NOI $458,187 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.50M
$7.44M – $9.92M
NOI $595,181 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Versatile office building near Downtown Fort Collins with ample parking.
Where is this office building located?
The property is located at 1629 Blue Spruce Dr Fort Collins, CO.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime Fort Collins location minutes from Downtown.; Large 32,652 square foot two‑story office building.; Ample parking and easy access to North College Avenue.
