Two-Story Freestanding Office
For Sale
$1,100,000
2821 Remington St, Fort Collins, CO 80525
Flexible professional workspace with private offices, conference rooms, reception areas, and dedicated restrooms on both levels.
Property Size5,421 SF
Price / SF$202.91
Days on Market14
Property Features for 2821 Remington St
General Information
Standard status
Active
Size
5,421 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$31,140
Amenities
Central Air
3
C
37574
Gutters, Sidewalks. Curbs Walk.
Building Details
Year Built
1981
Buildings
1
Stories
2
Building Size
5,421 SF
Listing Agency:
Group Harmony
(970) 290-4198
Listed By:
Rachel Bomgaars · License #FA100053381
(970) 290-4198
Source:
Xome
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 30 at 2:12PM
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 Group Harmony
Investment Insights
Based on property information with market context.
This freestanding office property contains approximately 5,421 SF arranged across two floors. The 1981 building provides a practical configuration for professional operations, with approximately 2,752 SF on the main level and approximately 2,669 SF upstairs. Interior features include private offices, conference rooms, storage areas, kitchenettes, reception and waiting areas, two separate entrances, and private restrooms on each floor.
Ample parking supports employees, clients, and visitors. The property is near the Foothills, King Soopers, Whole Foods, and other surrounding amenities, with high traffic counts contributing to access and exposure. The building has been pre-inspected and carries no owner's association dues.
Ample parking supports employees, clients, and visitors. The property is near the Foothills, King Soopers, Whole Foods, and other surrounding amenities, with high traffic counts contributing to access and exposure. The building has been pre-inspected and carries no owner's association dues.
Key Highlights
- Approximately 5,421 SF of office space across two floors
- Main floor includes approximately 2,752 SF with private offices, conference rooms, storage, kitchenette, and two entrances
- Second floor offers approximately 2,669 SF with reception, waiting area, private offices, and restrooms
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
$76,070
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
6.92%
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%
$1,521,400
$1.5M
Cap Rate 7%
$1,086,714
$1.1M
Cap Rate 9%
$845,222
$845.2K
Market Conditions
NOI Build-Up for 5,421 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
$119.0K $21.96/SF
− Vacancy
−$17.6K −$3.25/SF
EGI
$101.4K $18.71/SF
− OpEx
−$25.4K −$4.68/SF
NOI
$76.1K $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%
$1,521,400
Cap Rate 7%
$1,086,714
Cap Rate 9%
$845,222
Alternative Uses
Best Use
Office B
$1.09M
$950.9K – $1.27M
NOI $76,070 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,814 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,928
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 - Flexible professional workspace with private offices, conference rooms, reception areas, and dedicated restrooms on both levels.
Where is this office building located?
The property is located at 2821 Remington St Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 5,421 SF of office space across two floors; Main floor includes approximately 2,752 SF with private offices, conference rooms, storage, kitchenette, and two entrances; Second floor offers approximately 2,669 SF with reception, waiting area, private offices, and restrooms
