Office Condo with Private
For Sale
$550,000
2002 Caribou Dr 102-a, Fort Collins, CO 80525
Functional office suite with reception area, coffee bar, restroom, and convenient access to major transportation corridors.
Property Size1,930 SF
Price / SF$284.97
Days on Market88
Property Features for 2002 Caribou Dr 102-a
General Information
Standard status
Active
Size
1,930 SF
Building Details
Year Built
2004
Listing Agency:
Group Centerra
Listed By:
Craig C Hau
(970) 222-0077
Source:
Thestrohmangroup
Added: Aug 1
Changed: Oct 26
Last Checked: Oct 7 at 2:52PM
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 Group Centerra
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Investment Insights
Based on property information with market context.
Suite 102A is a 1,930-square-foot office condominium within Timberline Office Park. The interior includes a front-entry office, four additional private offices, a private restroom, coffee bar, and an open reception and work area. The layout combines enclosed workspaces with shared areas for day-to-day business operations.
Located at 2002 Caribou Dr in Fort Collins, the property provides access to major transportation corridors and is near retail, dining, and professional services. The office park setting and 2004 construction support a professional commercial environment for an owner-user or office investor.
Located at 2002 Caribou Dr in Fort Collins, the property provides access to major transportation corridors and is near retail, dining, and professional services. The office park setting and 2004 construction support a professional commercial environment for an owner-user or office investor.
Key Highlights
- 1,930‑square‑foot office condominium in Timberline Office Park
- Suite 102A includes four private offices plus a front‑entry office
- Open reception and work area with a coffee bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,083
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,660
$541.7K
Cap Rate 7%
$386,900
$386.9K
Cap Rate 9%
$300,922
$300.9K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$42.4K $21.96/SF
− Vacancy
−$6.3K −$3.25/SF
EGI
$36.1K $18.71/SF
− OpEx
−$9.0K −$4.68/SF
NOI
$27.1K $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%
$541,660
Cap Rate 7%
$386,900
Cap Rate 9%
$300,922
Alternative Uses
Best Use
Office B
$386.9K
$338.5K – $451.4K
NOI $27,083 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.6K
$439.8K – $586.3K
NOI $35,180 @ 7.0% cap · market cap 6.40%
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
1,039
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 unit - Functional office suite with reception area, coffee bar, restroom, and convenient access to major transportation corridors.
Where is this office unit located?
The property is located at 2002 Caribou Dr 102-a Fort Collins, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,930‑square‑foot office condominium in Timberline Office Park; Suite 102A includes four private offices plus a front‑entry office; Open reception and work area with a coffee bar
