Second Floor Office
2120 Milestone #201 Fort Collins, CO 80525
2120 Milestone #201, Fort Collins, CO, 80525
$850,000
Pending
For Sale
$850,000
Pending
Office condo with high-end finishes and multiple private offices.
Property Size3,799 SF
Lot Size0.09 Acres
Days on Market784
Property Features for 2120 Milestone #201
General Information
- Standard status
- Pending
- Size
- 3,799 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing agency
Group Harmony
(970) 229-0700
Listed by
CRAIG C HAU
Source
Corcoran
Added: May 30, 2024 Updated: Jul 6 at 10:17AM Checked: Jul 21 at 5:07AM
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 Harmony
Investment Insights
Based on property information with market context.
This second-floor office condo offers 3,799 square feet (5,096 rentable square feet) of space. The property features high-end finishes throughout, multiple private offices, a conference room, and two private restrooms. Additional amenities include a reception area, a lunch/break room, and an IT room. The property also includes a common area lobby with elevator access. There are four balconies included in the square footage.
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 lunch/break room
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
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
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
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office condo with high-end finishes and multiple private offices.
Where is this office units located?
The property is located at 2120 Milestone #201 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 lunch/break room
