Elevator-Served Office
New
For Sale
$2,850,000
181 W Boardwalk Dr, Fort Collins, CO 80525
A three-level professional property offers flexible suite layouts and recent interior upgrades, with parking on site and nearby cross-parking.
Property Size14,977 SF
Lot Size0.58 Acres
Price / SF$190.29
Days on Market1
Property Features for 181 W Boardwalk Dr
General Information
Standard status
Active
Size
14,977 SF
Elevators
Yes
Lot size
0.58 Acres
Zoning
C
Financials
Asking Price
$2,850,000
Gross Income
$241,000
Additional Details
Tenant in Place
Yes
Property Use
Office
Amenities
key card security
Full
Assessor
Level,Paved,Curbs,Gutters,Sidewalks,Street Light,Fire Hydrant within 500 Feet
Public
25452
0.58
No
Asphalt
City Street,Highway
14977
Building Details
Building Size
14,977 SF
Year Built
1997
Buildings
1
Stories
3
Listing Agency:
(970) 594-9228
Listed By:
Tyler Rogers
Source:
Focalrealestategroup
Added: Oct 31
Last Checked: Oct 31 at 3:22AM
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 Tyler Rogers
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Investment Insights
Based on property information with market context.
This three-level office building contains approximately 14,977 SF on a 0.58-acre parcel. Flexible suite configurations accommodate varied office layouts. Recent interior work includes new carpet, paint, and LED lighting. The property is elevator-served and includes ADA accommodations and key card access. Blue Federal Credit Union occupies approximately 5,598 RSF. Zoning is C.
The building is located at 181 W Boardwalk Dr in Fort Collins, near retail, restaurants, and services. On-site parking is supplemented by cross-parking.
The building is located at 181 W Boardwalk Dr in Fort Collins, near retail, restaurants, and services. On-site parking is supplemented by cross-parking.
Key Highlights
- Three‑level office building with approximately 14,977 SF on 0.58 acres
- Flexible suite configurations with recent carpet, paint, and LED lighting updates
- Blue Federal Credit Union occupies approximately 5,598 RSF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,164
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,203,280
$4.2M
Cap Rate 7%
$3,002,343
$3.0M
Cap Rate 9%
$2,335,156
$2.3M
Market Conditions
NOI Build-Up for 14,977 SF
Gross rent
$328.9K $21.96/SF
− Vacancy
−$48.7K −$3.25/SF
EGI
$280.2K $18.71/SF
− OpEx
−$70.1K −$4.68/SF
NOI
$210.2K $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%
$4,203,280
Cap Rate 7%
$3,002,343
Cap Rate 9%
$2,335,156
Alternative Uses
Best Use
Office B
$3.00M
$2.63M – $3.50M
NOI $210,164 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $273,001 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,958
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A three-level professional property offers flexible suite layouts and recent interior upgrades, with parking on site and nearby cross-parking.
Where is this office building located?
The property is located at 181 W Boardwalk Dr Fort Collins, CO.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Three‑level office building with approximately 14,977 SF on 0.58 acres; Flexible suite configurations with recent carpet, paint, and LED lighting updates; Blue Federal Credit Union occupies approximately 5,598 RSF
