Office Condo for Specialty
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2121 E Harmony Road Suite 360, Fort Collins, CO 80528
Condominium office space suited to a small or specialty practice within the UCHealth Harmony Campus.
Property Size2,805 SF
Price / SF$427.81
Days on Market11
Property Features for 2121 E Harmony Road Suite 360
General Information
Standard status
Active
Size
2,805 SF
Property subtype
Office
Additional Details
Office Units
1
Listing Agency:
Realtec Commercial Real Estate- Fort Collins
Listed By:
Erik Broman · License #CO FA.100006880
(970) 229-9900
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 24 at 10:22AM
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 Realtec Commercial Real Estate- Fort Collins
Investment Insights
Based on property information with market context.
This 2,805-square-foot office condominium is located at UCHealth Harmony Campus and is configured for a small or specialty practice. The suite provides a focused office setting within a recognized healthcare campus and may suit users seeking a compact professional workspace.
The property is located at 2121 E. Harmony Road, Suite 360, in Fort Collins, Colorado. Its campus setting places the office within the Harmony Road corridor, offering a healthcare-oriented environment for professional occupancy.
The property is located at 2121 E. Harmony Road, Suite 360, in Fort Collins, Colorado. Its campus setting places the office within the Harmony Road corridor, offering a healthcare-oriented environment for professional occupancy.
Key Highlights
- 2,805 SF office condominium
- Located within UCHealth Harmony Campus
- Configured for a small or specialty practice
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,361
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$787,220
$787.2K
Cap Rate 7%
$562,300
$562.3K
Cap Rate 9%
$437,344
$437.3K
Market Conditions
NOI Build-Up for 2,805 SF
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.
Gross rent
$61.6K $21.96/SF
− Vacancy
−$9.1K −$3.25/SF
EGI
$52.5K $18.71/SF
− OpEx
−$13.1K −$4.68/SF
NOI
$39.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$787,220
Cap Rate 7%
$562,300
Cap Rate 9%
$437,344
Alternative Uses
Best Use
Office B
$562.3K
$492.0K – $656.0K
NOI $39,361 @ 7.0% cap · market cap 3.28%
Second Best
Healthcare Medical
$557.4K
$487.7K – $650.3K
NOI $39,019 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$730.4K
$639.1K – $852.2K
NOI $51,130 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Explore this area
Business Placement
Demographics for 80528, CO
23,660
Population
8,986
Households
2.6
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
18.5 sq mi
ZIP Area
1,279
Density / Sq Mi
$122,133
Median Household Income
$57,739
Median Earnings
$1,906
Median Rent
$654,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Condominium office space suited to a small or specialty practice within the UCHealth Harmony Campus.
Where is this office units located?
The property is located at 2121 E Harmony Road Suite 360 Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,805 SF office condominium; Located within UCHealth Harmony Campus; Configured for a small or specialty practice
