Remodeled Office Suite in Office
For Sale
Contact for pricing
2002 Caribou, Fort Collins, CO 80525
Remodeled in 2016 and currently occupied, this office suite offers a turnkey setup within Timberline Office Park.
Property Size1,930 SF
Price / SF$310.88
Days on Market798
Property Features for 2002 Caribou
General Information
Standard status
Active
Size
1,930 SF
Property subtype
OFFICE
Building Details
Year Renovated
2016
Listing Agency:
The Group, Inc.
(970) 229-0700
Listed By:
Craig Hau
(970) 222-0077
Source:
Moodyscre
Added: Aug 14, 2024
Changed: Sep 14
Last Checked: Oct 19 at 8:44AM
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 The Group, Inc.
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Investment Insights
Based on property information with market context.
This remodeled office suite (Suite 102-A) is located within Timberline Office Park and was updated in 2016. The suite is currently occupied by a tenant with strong financials, creating a stabilized office investment profile. More information about the existing tenant is available through a Confidentiality Agreement arranged by the listing broker.
The property is located in South Central Fort Collins at 2002 Caribou, Fort Collins, CO 80525. It is part of the larger office park setting, providing an established commercial office environment.
The offering is for an office unit with a size of 1,930 square feet, presented as an investment opportunity for buyers seeking an occupied office suite.
The property is located in South Central Fort Collins at 2002 Caribou, Fort Collins, CO 80525. It is part of the larger office park setting, providing an established commercial office environment.
The offering is for an office unit with a size of 1,930 square feet, presented as an investment opportunity for buyers seeking an occupied office suite.
Key Highlights
- Office investment in Timberline Office Park in South Central Fort Collins
- Suite 102‑A remodeled in 2016
- Suite 102‑A currently occupied by a tenant with strong financials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,083
Cap Rate
4.51%
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 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.6K
$439.8K – $586.3K
NOI $35,180 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,039
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 unit - Remodeled in 2016 and currently occupied, this office suite offers a turnkey setup within Timberline Office Park.
Where is this office unit located?
The property is located at 2002 Caribou Fort Collins, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Office investment in Timberline Office Park in South Central Fort Collins; Suite 102‑A remodeled in 2016; Suite 102‑A currently occupied by a tenant with strong financials
