Office Suite with Private
2002 Caribou Dr #101, Fort Collins, CO 80525
For Sale
$1,100,000
The suite combines dedicated workrooms with shared workspace, reception, food preparation, and copy areas.
Property Size5,568 SF
Price / SF$197.56
Days on Market816
Property Features for 2002 Caribou Dr #101
General Information
Standard status
Size
Property subtype
Zoning
Amenities
15 private offices
open work area
reception area with built-in desk
large kitchenette
copy room with built-ins
wet bar
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: Oct 26
Last Checked: Nov 9 at 2:29AM
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 5,568-square-foot office suite was built in 2004 and contains 15 private offices alongside an open work area. Its layout also includes a reception area with a built-in desk, a large kitchenette, a copy room with built-in storage, and a wet bar.
The property is at 2002 Caribou Dr #101 in South Central Fort Collins, within Timberline Office Park. Zoning is E.
The property is at 2002 Caribou Dr #101 in South Central Fort Collins, within Timberline Office Park. Zoning is E.
Key Highlights
- 5,568‑square‑foot office suite built in 2004
- 15 private offices plus an open work area
- Reception area includes a built‑in desk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,133
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,660
$1.6M
Cap Rate 7%
$1,116,186
$1.1M
Cap Rate 9%
$868,144
$868.1K
Market Conditions
NOI Build-Up for 5,568 SF
Gross rent
$122.3K $21.96/SF
− Vacancy
−$18.1K −$3.25/SF
EGI
$104.2K $18.71/SF
− OpEx
−$26.0K −$4.68/SF
NOI
$78.1K $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%
$1,562,660
Cap Rate 7%
$1,116,186
Cap Rate 9%
$868,144
Alternative Uses
Best Use
Office B
$1.12M
$976.7K – $1.30M
NOI $78,133 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,494 @ 7.0% cap · market cap 9.23%
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 combines dedicated workrooms with shared workspace, reception, food preparation, and copy areas.
Where is this office unit located?
The property is located at 2002 Caribou Dr #101 Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,568‑square‑foot office suite built in 2004; 15 private offices plus an open work area; Reception area includes a built‑in desk
