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 Market86
Property Features for 215 W Oak St 108
General Information
Standard status
Active
Size
925 SF
Building Details
Year Built
1968
Listing Agency:
FR Properties Ltd
Listed By:
Andrew Rauch
(970) 284-3200
Source:
Thestrohmangroup
Added: Jun 12
Changed: Sep 4
Last Checked: Sep 2 at 9:10PM
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
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 = 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
$12,980
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
4.33%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,687
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office suite with new building upgrades, offered for sale as a condominium to be subdivided prior to closing.
Where is this office units 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
