Second-Floor National Tenant
For Sale
Contact for pricing
2002 Caribou, Fort Collins, CO 80525
Entire second floor is leased to a national credit tenant within Timberline Office Park.
Property Size3,105 SF
Price / SF$257.65
Days on Market798
Property Features for 2002 Caribou
General Information
Standard status
Active
Size
3,105 SF
Property subtype
OFFICE
Listing Agency:
The Group, Inc.
(970) 229-0700
Listed By:
Craig Hau
(970) 222-0077
Source:
Moodyscre
Added: Aug 14, 2024
Changed: Oct 3
Last Checked: Oct 19 at 8:43AM
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 office investment opportunity is located in the Timberline Office Park and totals 3,105 SF. A national credit tenant occupies the entire second floor, providing a single-tenant configuration within the office space.
The property is in South Central Fort Collins at 2002 Caribou, Fort Collins, CO 80525. For more information regarding the existing tenant, a Confidentiality Agreement is required through the listing broker.
Offered for sale, the space is positioned for an operator seeking a second-floor office tenancy backed by a national credit tenant within an established office park setting.
The property is in South Central Fort Collins at 2002 Caribou, Fort Collins, CO 80525. For more information regarding the existing tenant, a Confidentiality Agreement is required through the listing broker.
Offered for sale, the space is positioned for an operator seeking a second-floor office tenancy backed by a national credit tenant within an established office park setting.
Key Highlights
- 3,105 SF office investment within Timberline Office Park
- Entire second floor occupied by a national credit tenant
- Single‑tenant second‑floor office configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,571
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,420
$871.4K
Cap Rate 7%
$622,443
$622.4K
Cap Rate 9%
$484,122
$484.1K
Market Conditions
NOI Build-Up for 3,105 SF
Gross rent
$68.2K $21.96/SF
− Vacancy
−$10.1K −$3.25/SF
EGI
$58.1K $18.71/SF
− OpEx
−$14.5K −$4.68/SF
NOI
$43.6K $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%
$871,420
Cap Rate 7%
$622,443
Cap Rate 9%
$484,122
Alternative Uses
Best Use
Office B
$622.4K
$544.6K – $726.2K
NOI $43,571 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$808.5K
$707.5K – $943.3K
NOI $56,598 @ 7.0% cap · market cap 7.07%
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
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
Check the figures for this property
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 - Entire second floor is leased to a national credit tenant 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 $800,000.
What are key features of this property?
This property features: 3,105 SF office investment within Timberline Office Park; Entire second floor occupied by a national credit tenant; Single‑tenant second‑floor office configuration
