Office Unit with Private
2002 Caribou Dr #102-A, Fort Collins, CO 80525
For Sale
$550,000
The suite includes a reception and work area, coffee bar, and dedicated restroom.
Property Size1,930 SF
Price / SF$284.97
Days on Market820
Property Features for 2002 Caribou Dr #102-A
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Group Centerra
(970) 613-0700
Listed By:
Craig C Hau
(970) 229-0700
Source:
Blackfeatherrealty
Added: Aug 16, 2024
Changed: Nov 9
Last Checked: Nov 12 at 9:52PM
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 unit built in 2004. Its layout includes a private entry office, four additional private offices, a reception and open work area, a coffee bar, and a private restroom. The zoning designation is E.
Located in Timberline Office Park at 2002 Caribou Dr in Fort Collins, the property is near retail, dining, professional services, and major transportation corridors.
Located in Timberline Office Park at 2002 Caribou Dr in Fort Collins, the property is near retail, dining, professional services, and major transportation corridors.
Key Highlights
- 1,930‑square‑foot office unit
- Four private offices, plus a separate office at the front entry
- Reception and open work area with 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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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
$563,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Fort Collins, CO
Properties on Market for Office Units in Fort Collins
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes a reception and work area, coffee bar, and dedicated restroom.
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 unit; Four private offices, plus a separate office at the front entry; Reception and open work area with coffee bar
