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Second-Floor Office Condo

2120 Milestone Dr Fort Collins, CO 80525

2120 Milestone Dr, Fort Collins, CO, 80525
$850,000
Pending
For Sale
Claim this Listing
$850,000
Pending

SINGLE_FAMILY - Fort Collins, CO

Property Size3,799 SF
Lot Size0.09 Acres
AddedMay 30, 2024
Days on Market778
Last RefreshJul 16 at 5:06 am

Property Features for 2120 Milestone Dr

General Information

Property type
Residential
Property subtype
Office
Zoning
HC
Appliances
Fire Alarm, Kitchenette
Standard status
Pending
APN
R1647649
Size
3,799 SF
Lot size
0.09 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
36100

Utilities

Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air

Building Details

Year built
2005
Building materials
Frame, Brick, Ceiling: 8-10 Feet, Floor: Vinyl, Floor: Ceramic Tile, Floor: Carpet
Roof type
Composition

Listing agent Craig C Hau

Listing office Group Centerra 5401 Stone Creek Cir, Fort Collins, CO

Listing date May 30, 2024

MLS# 1010705

Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This second-floor office condominium offers high-end finishes and a well-defined professional layout. The space includes multiple private offices, a conference room, a reception area, a lunch/break room, and an IT room. Two private restrooms serve the suite, and a common area lobby provides elevator access. Four balconies are included in the square footage.

Located at 2120 Milestone Dr in Fort Collins, Colorado 80525, the property is zoned HC.

For office users looking for a move-in-ready suite with dedicated rooms for meetings, administration, and technology, this configuration supports everyday workflow while keeping private spaces separate. The reception area and conference room accommodate client or internal meetings, and the presence of two private restrooms can help streamline shared operations within the unit. The multiple private offices and included balconies also create useful space for teams that want both enclosed work areas and outdoor access.

Key Highlights

  • 3,799 SF Office Condo with High‑End Finishes
  • Features multiple private offices and a conference room.
  • Includes two private restrooms and a reception area.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $83.4k $21.96
− Vacancy −$12.3k −$3.25
EGI $71.1k $18.71
− OpEx −$17.8k −$4.68
NOI $53.3k $14.03
3,799 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%

Alternative Uses

Best Use
Office B
$761.6K
$666.4K – $888.5K (±1% cap)
NOI $53,309 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.3K
$865.6K – $1.15M (±1% cap)
NOI $69,248 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Core Financial Financial Advisor Edward Jones - Financial ... Financial Advisor Momentum Counseling Counselor Adolfson And Peterson Construction General Contractor

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Auto Parts Store Electrical Service Food Market Pet Grooming Service Travel Agency Grocery & Convenience Store Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Second-floor office condo with private offices, conference space, reception area, and two private restrooms.
Where is this office units located?
The property is located at 2120 Milestone Dr Fort Collins, CO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,799 SF Office Condo with High‑End Finishes; Features multiple private offices and a conference room.; Includes two private restrooms and a reception area.
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