Second-Floor Office
For Sale
$950,000
2002 Caribou Dr # 201, Fort Collins, CO 80525
A national-credit tenant occupies the full second floor under the existing tenancy.
Property Size4,110 SF
Days on Market15
Property Features for 2002 Caribou Dr # 201
General Information
Standard status
Active
Size
4,110 SF
Zoning
E
Additional Details
Tenant in Place
Yes
Property Use
Office
Amenities
Full
Plans
City Limits,Paved,Curbs,Gutters,Sidewalks,Street Light,Fire Hydrant within 500 Feet
City
14522
0.33
No
Asphalt
City Street
4110
Building Details
Building Size
4,110 SF
Year Built
2004
Listing Agency:
Group Centerra
(970) 594-9228
Listed By:
Jeni Baretta
Source:
Focalrealestategroup
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 3:17PM
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.
This office unit is located at 2002 Caribou Dr #201 in Fort Collins and was built in 2004. The existing tenant occupies the entire second floor. The property is within Timberline Office Park in South Central Fort Collins and is zoned E.
Key Highlights
- One national‑credit tenant occupies the full second floor
- Built in 2004
- Located in Timberline Office Park in South Central Fort Collins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,673
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,460
$1.2M
Cap Rate 7%
$823,900
$823.9K
Cap Rate 9%
$640,811
$640.8K
Market Conditions
NOI Build-Up for 4,110 SF
Gross rent
$90.3K $21.96/SF
− Vacancy
−$13.4K −$3.25/SF
EGI
$76.9K $18.71/SF
− OpEx
−$19.2K −$4.68/SF
NOI
$57.7K $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%
$1,153,460
Cap Rate 7%
$823,900
Cap Rate 9%
$640,811
Alternative Uses
Best Use
Office B
$823.9K
$720.9K – $961.2K
NOI $57,673 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$936.5K – $1.25M
NOI $74,917 @ 7.0% cap · market cap 7.89%
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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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 unit - A national-credit tenant occupies the full second floor under the existing tenancy.
Where is this office unit located?
The property is located at 2002 Caribou Dr # 201 Fort Collins, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: One national‑credit tenant occupies the full second floor; Built in 2004; Located in Timberline Office Park in South Central Fort Collins
