Downtown Office
230 Cherry St Fort Collins, CO 80521
For Sale
Contact for pricing
Elevator-served, ADA-compliant office building with private offices, conference rooms, open work areas, and a second-floor deck.
Property Size8,382 SF
Price / SF$226.68
Days on Market230
Property Features for 230 Cherry St
General Information
Standard status
Active
Size
8,382 SF
Property subtype
OFFICE
Listing Agency:
RE/MAX Commercial Alliance
(970) 222-3010
Listed By:
Nick Whitworth · License #FA100069182
(970) 222-3010
Source:
Moodyscre
Added: Dec 11, 2025
Changed: Jul 27
Last Checked: Jul 27 at 2:01AM
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 RE/MAX Commercial Alliance
Investment Insights
Based on property information with market context.
This downtown office building offers a professional interior layout with private offices, conference rooms, open work areas, and a spacious break room. The building includes private restrooms on each floor and an expansive second-floor deck, with elevator service that is ADA compliant. A new roof was installed in 2018.
Located in Downtown Fort Collins, the property is described as a stand-alone building near Old Town Square, restaurants, shops, and community events, with proximity to bike paths.
Additional site context provided in the remarks includes a nearby 89-acre park and the Poudre River Trail.
Located in Downtown Fort Collins, the property is described as a stand-alone building near Old Town Square, restaurants, shops, and community events, with proximity to bike paths.
Additional site context provided in the remarks includes a nearby 89-acre park and the Poudre River Trail.
Key Highlights
- Elevator‑served, ADA‑compliant office building with private offices, conference rooms, and open work areas
- Private restrooms on each floor
- Spacious break room area and expansive second‑floor deck
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 | $184.1k | $21.96 |
| − Vacancy | −$27.2k | −$3.25 |
| EGI | $156.8k | $18.71 |
| − OpEx | −$39.2k | −$4.68 |
| NOI | $117.6k | $14.03 |
8,382 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,620 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,787 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Elevator-served, ADA-compliant office building with private offices, conference rooms, open work areas, and a second-floor deck.
Where is this office building located?
The property is located at 230 Cherry St Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Elevator‑served, ADA‑compliant office building with private offices, conference rooms, and open work areas; Private restrooms on each floor; Spacious break room area and expansive second‑floor deck
