Second-Floor Office
2002 Caribou Dr # 202, Fort Collins, CO 80525
For Sale
$800,000
A single occupant leases the full second level within Timberline Office Park.
Property Size3,105 SF
Days on Market23
Property Features for 2002 Caribou Dr # 202
General Information
Standard status
Size
Zoning
Additional Details
Tenant in Place
Property Use
Amenities
Full
Plans
City Limits,Paved,Curbs,Gutters,Sidewalks,Street Light,Fire Hydrant within 500 Feet
City
14522
0.33
No
Asphalt
City Street
3105
Building Details
Building Size
Year Built
Listing Agency:
Group Centerra
(970) 594-9228
Listed By:
Jeni Baretta
Source:
Focalrealestategroup
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 9 at 8:01AM
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 occupies the second floor of a building constructed in 2004. One national-credit tenant leases the entire level, providing a single-occupant configuration. The property is part of Timberline Office Park in south-central Fort Collins and is zoned E.
Key Highlights
- Entire second floor leased to one national‑credit tenant
- Located in Timberline Office Park in south‑central Fort Collins
- Built in 2004
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
$563,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A single occupant leases the full second level within Timberline Office Park.
Where is this office unit located?
The property is located at 2002 Caribou Dr # 202 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: Entire second floor leased to one national‑credit tenant; Located in Timberline Office Park in south‑central Fort Collins; Built in 2004
