Three-Level Professional Office
For Sale
$2,850,000
181 W Boardwalk Dr, Fort Collins, CO 80525
Commercial Sale, Fort Collins, CO
Property Size14,977 SF
Lot Size0.58 Acres
Price / SF$190.29
Days on Market52
Property Features for 181 W Boardwalk Dr
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C
Rooms
Basement
Security features
Security System
Basement
Full
Accessibility
Accessible Approach with Ramp, Accessible Elevator Installed
Subdivision
Boardwalk Crossing Filing 3
Lot features
Level, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
Elementary school
Kruse
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Standard status
Active
APN
R1655120
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
ADA accommodations
key card security
Building Details
Year built
1997
Building materials
Brick, Metal Frame
Roof type
Rubber
Listing Agency:
LC Real Estate Group, LLC
(970) 667-7000
Listed By:
Jerico Devlin · License #100054831
(970) 413-1182
Added: Aug 27
Changed: Sep 30
Last Checked: Oct 17 at 7:06PM
MLS# 1067594
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-level office property contains approximately 14,977 SF on 0.58 acres. Flexible suite layouts accommodate a range of professional office configurations. Interior updates include carpet, paint, and LED lighting. An elevator, ADA accommodations, and key-card security are in place. Blue Federal Credit Union occupies approximately 5,598 RSF, and the property has an 8.36% pro forma capitalization rate.
The Fort Collins property is near retail, restaurants, and services. On-site parking is supplemented by cross-parking. Built in 1997, the building has brick and metal-frame construction, forced-air heating, central air, and a rubber roof. Public water and sewer are available, along with natural gas.
The Fort Collins property is near retail, restaurants, and services. On-site parking is supplemented by cross-parking. Built in 1997, the building has brick and metal-frame construction, forced-air heating, central air, and a rubber roof. Public water and sewer are available, along with natural gas.
Key Highlights
- Approximately 14,977 SF on 0.58 acres
- 8.36% pro forma capitalization rate
- 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
Explore this area
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
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Elevator service, accessible features, and key-card entry complement flexible office suites.
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: Approximately 14,977 SF on 0.58 acres; 8.36% pro forma capitalization rate; Blue Federal Credit Union occupies approximately 5,598 RSF
