Clocktower Square Office
For Sale
$844,800
323 S College Ave 5 6, Fort Collins, CO 80524
Office suites for sale or lease in downtown Fort Collins.
Property Size3,840 SF
Price / SF$220
Days on Market166
Property Features for 323 S College Ave 5 6
General Information
Standard status
Active
Size
3,840 SF
Building Details
Year Built
1952
Listing Agency:
RE/MAX Comm. Alliance-FTC Dwtn
Listed By:
Michelle Hickey Crawford · License #1414
(970) 215-7016
Source:
Thestrohmangroup
Added: Apr 24
Changed: Sep 26
Last Checked: Oct 5 at 9:57PM
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 Comm. Alliance-FTC Dwtn
Investment Insights
Based on property information with market context.
Located in Clocktower Square, this office space offers a premium location with convenient parking in downtown Fort Collins. Suites 5 & 6, totaling 3,840 square feet, are available for sale together at $921,600, which equates to $240.00 per square foot. The seller is open to negotiating a 6-month lease back of the property, with the rate to be determined. Suite 6, comprising 1,488 square feet, is available for lease at $10-12.00 per square foot NNN, with NNN estimated at $12.19 per square foot. The combined Suites 5 & 6 benefit from end-cap space, providing increased natural light. Suite 6 is currently designed for professional office uses. The property has easy access from College Avenue and benefits from monument signage on College Avenue, providing high exposure. The location has a bike score of 100, indicating it is a biker's paradise, a walk score of 74, indicating it is very walkable, and a transit score of 42, indicating some transit options are available. The property is located within the Downtown District Zoning and uses Comcast as its IT provider.
Key Highlights
- Premium downtown Fort Collins location in Clocktower Square.
- Excellent parking availability.
- Flexible 3,840 SF layout (Suites 5 & 6) suitable for professional office uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,885
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,700
$1.1M
Cap Rate 7%
$769,786
$769.8K
Cap Rate 9%
$598,722
$598.7K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$84.3K $21.96/SF
− Vacancy
−$12.5K −$3.25/SF
EGI
$71.8K $18.71/SF
− OpEx
−$18.0K −$4.68/SF
NOI
$53.9K $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%
$1,077,700
Cap Rate 7%
$769,786
Cap Rate 9%
$598,722
Alternative Uses
Best Use
Office B
$769.8K
$673.6K – $898.1K
NOI $53,885 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$999.9K
$875.0K – $1.17M
NOI $69,996 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 80524, CO
39,030
Population
17,548
Households
2.2
Avg Household Size
37
Median Age
52%
College-Educated
94%
High-School Grad
122.7 sq mi
ZIP Area
318
Density / Sq Mi
$84,440
Median Household Income
$45,046
Median Earnings
$1,623
Median Rent
$527,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Office suites for sale or lease in downtown Fort Collins.
Where is this office units located?
The property is located at 323 S College Ave 5 6 Fort Collins, CO.
What is the asking price?
The asking price for this property is $844,800.
What are key features of this property?
This property features: Premium downtown Fort Collins location in Clocktower Square.; Excellent parking availability.; Flexible 3,840 SF layout (Suites 5 & 6) suitable for professional office uses.
