Two-Story Office
For Sale
Contact for pricing
1629 Blue Spruce Dr, Fort Collins, CO 80524
Two-story, remodeled office building with ample parking and easy access to North College Avenue.
Property Size32,652 SF
Lot Size1.92 Acres
Price / SF$153.13
Days on Market415
Property Features for 1629 Blue Spruce Dr
General Information
Standard status
Active
Size
32,652 SF
Lot size
1.92 Acres
Property subtype
OFFICE
Additional Details
Road Access
Yes
Building Details
Year Built
1978
Year Renovated
2010
Stories
2
Listing Agency:
Cushman & Wakefield | Fort Collins
(970) 776-3900
Listed By:
Travis Ackerman · License #100014006
(970) 267-7720
Source:
Moodyscre
Added: Sep 5, 2025
Changed: Oct 9
Last Checked: Oct 23 at 7:29AM
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 Cushman & Wakefield | Fort Collins
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Investment Insights
Based on property information with market context.
This versatile two-story office building offers 32,652 square feet of space on a 1.92-acre lot. Built in 1978 and remodeled in 2010, the property is designed to support a range of professional or commercial uses, with ample parking to serve day-to-day operations.
Located just minutes from Downtown Fort Collins, the property provides convenient access to North College Avenue. The combination of proximity and parking supports straightforward tenant access for staff and visitors.
With its established office configuration and modernized improvements from the 2010 remodel, the building offers a practical foundation for an office-focused business seeking a sizable, accessible footprint.
Located just minutes from Downtown Fort Collins, the property provides convenient access to North College Avenue. The combination of proximity and parking supports straightforward tenant access for staff and visitors.
With its established office configuration and modernized improvements from the 2010 remodel, the building offers a practical foundation for an office-focused business seeking a sizable, accessible footprint.
Key Highlights
- Two‑story office building with 32,652 SF of space
- Built in 1978 and remodeled in 2010
- Set on a 1.92‑acre lot with ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$458,187
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,163,740
$9.2M
Cap Rate 7%
$6,545,529
$6.5M
Cap Rate 9%
$5,090,967
$5.1M
Market Conditions
NOI Build-Up for 32,652 SF
Gross rent
$717.0K $21.96/SF
− Vacancy
−$106.1K −$3.25/SF
EGI
$610.9K $18.71/SF
− OpEx
−$152.7K −$4.68/SF
NOI
$458.2K $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%
$9,163,740
Cap Rate 7%
$6,545,529
Cap Rate 9%
$5,090,967
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
575
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story, remodeled office building with ample parking and easy access to North College Avenue.
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: Two‑story office building with 32,652 SF of space; Built in 1978 and remodeled in 2010; Set on a 1.92‑acre lot with ample parking
