Professional Office Condominium
For Sale
$300,000
215 W Oak St 108, Fort Collins, CO 80521
Well-maintained office suite with new building upgrades, offered for sale as a condominium to be subdivided prior to closing.
Property Size925 SF
Price / SF$324.32
Days on Market134
Property Features for 215 W Oak St 108
General Information
Standard status
Active
Size
925 SF
Site & Location
Neighborhood
Old Town Neighbors
Building Details
Year Built
1968
Listing Agency:
FR Properties Ltd
Listed By:
Andrew Rauch
(303) 868-6730
Source:
Thestrohmangroup
Added: Jun 12
Changed: Oct 13
Last Checked: Oct 7 at 5:35PM
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 FR Properties Ltd
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Investment Insights
Based on property information with market context.
Suite 108 is a professionally maintained office condominium, set up to provide a dedicated office environment within the building. The space is described as well-maintained and includes new building upgrades. Prior to sale, the unit is scheduled to be subdivided, creating a defined condominium arrangement for the purchaser.
The property is located at 215 W Oak #108 in Old Town Fort Collins, CO 80521. This setting supports use by organizations seeking a professional presence in an established area of town.
For buyers looking for an office condominium rather than a long-term lease, this offering provides an identifiable suite-level option within a maintained office building. The planned subdivision prior to sale is an important consideration for due diligence, clarifying how the space will be carved out for the eventual condominium ownership structure. Suite 108 is well-suited for office users who want a turnkey administrative space that is already part of a condominium building and benefits from the noted building upgrades.
The property is located at 215 W Oak #108 in Old Town Fort Collins, CO 80521. This setting supports use by organizations seeking a professional presence in an established area of town.
For buyers looking for an office condominium rather than a long-term lease, this offering provides an identifiable suite-level option within a maintained office building. The planned subdivision prior to sale is an important consideration for due diligence, clarifying how the space will be carved out for the eventual condominium ownership structure. Suite 108 is well-suited for office users who want a turnkey administrative space that is already part of a condominium building and benefits from the noted building upgrades.
Key Highlights
- Professional office condominium suite in Old Town Fort Collins
- Suite 108 in a well‑maintained office environment
- New building upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,980
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,600
$259.6K
Cap Rate 7%
$185,429
$185.4K
Cap Rate 9%
$144,222
$144.2K
Market Conditions
NOI Build-Up for 925 SF
Gross rent
$20.3K $21.96/SF
− Vacancy
−$3.0K −$3.25/SF
EGI
$17.3K $18.71/SF
− OpEx
−$4.3K −$4.68/SF
NOI
$13.0K $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 Rate 5%
$259,600
Cap Rate 7%
$185,429
Cap Rate 9%
$144,222
Alternative Uses
Best Use
Office B
$185.4K
$162.3K – $216.3K
NOI $12,980 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$240.9K
$210.8K – $281.0K
NOI $16,861 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,687
Businesses Nearby
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Business Placement
Demographics for 80521, CO
37,451
Population
15,121
Households
2.5
Avg Household Size
26
Median Age
63%
College-Educated
98%
High-School Grad
14.0 sq mi
ZIP Area
2,675
Density / Sq Mi
$52,679
Median Household Income
$15,918
Median Earnings
$1,412
Median Rent
$541,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Well-maintained office suite with new building upgrades, offered for sale as a condominium to be subdivided prior to closing.
Where is this office unit located?
The property is located at 215 W Oak St 108 Fort Collins, CO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Professional office condominium suite in Old Town Fort Collins; Suite 108 in a well‑maintained office environment; New building upgrades
