Office Building on Business
For Sale
Contact for pricing
2121 Midpoint Drive, Fort Collins, CO 80525
Office building on a major business corridor with access to I-25 and nearby Fort Collins employment centers.
Property Size1,356 SF
Price / SF$205
Days on Market106
Property Features for 2121 Midpoint Drive
General Information
Standard status
Active
Size
1,356 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2006
Units
45
Listing Agency:
Cushman & Wakefield - Fort Collins, Colorado
(970) 412-0225
Listed By:
Nate Heckel · License #CO FA.040037901
Source:
Crexi
Added: Apr 30
Changed: Aug 8
Last Checked: Aug 12 at 3:37PM
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 Cushman & Wakefield - Fort Collins, Colorado
Investment Insights
Based on property information with market context.
2121 Midpoint Drive is an office building located on the Timberline Road business corridor at the intersection with East Prospect Road. The property is positioned for straightforward connectivity to I-25 and convenient access throughout Fort Collins.
The building is also situated near major employers in the Spring Creek Business Park and is described as minutes from Old Town Fort Collins, the University of Colorado Health campus, and Colorado State University. This surrounding employment and education presence supports a practical office setting for professional users seeking local access to established activity nodes.
The building is also situated near major employers in the Spring Creek Business Park and is described as minutes from Old Town Fort Collins, the University of Colorado Health campus, and Colorado State University. This surrounding employment and education presence supports a practical office setting for professional users seeking local access to established activity nodes.
Key Highlights
- Office building built in 2006
- Located on the Timberline Road business corridor at the intersection with East Prospect Road
- Offers accessibility to I‑25 and all areas of Fort Collins
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
$19,028
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
6.85%
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%
$380,560
$380.6K
Cap Rate 7%
$271,829
$271.8K
Cap Rate 9%
$211,422
$211.4K
Market Conditions
NOI Build-Up for 1,356 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
$29.8K $21.96/SF
− Vacancy
−$4.4K −$3.25/SF
EGI
$25.4K $18.71/SF
− OpEx
−$6.3K −$4.68/SF
NOI
$19.0K $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%
$380,560
Cap Rate 7%
$271,829
Cap Rate 9%
$211,422
Alternative Uses
Best Use
Office B
$271.8K
$237.9K – $317.1K
NOI $19,028 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.1K
$309.0K – $412.0K
NOI $24,717 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
772
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
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 building - Office building on a major business corridor with access to I-25 and nearby Fort Collins employment centers.
Where is this office building located?
The property is located at 2121 Midpoint Drive Fort Collins, CO.
What is the asking price?
The asking price for this property is $277,980.
What are key features of this property?
This property features: Office building built in 2006; Located on the Timberline Road business corridor at the intersection with East Prospect Road; Offers accessibility to I‑25 and all areas of Fort Collins
