Clocktower Square Office
323 S College Ave 5 6 Fort Collins, CO 80524
323 S College Ave 5 6, Fort Collins, CO, 80524
$844,800
For Sale
$844,800
Office suites for sale or lease in downtown Fort Collins.
Property Size3,840 SF
Price / SF$220
Days on Market89
Property Features for 323 S College Ave 5 6
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing Agency
RE/MAX Comm. Alliance-FTC Dwtn
(970) 215-7016
Listed by
Michelle Hickey Crawford · License #40038721
(970) 215-7016
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:19 pm Checked: Jul 20 at 4:38 am
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.
Local 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 | $84.3k | $21.96 |
| − Vacancy | −$12.5k | −$3.25 |
| EGI | $71.8k | $18.71 |
| − OpEx | −$18.0k | −$4.68 |
| NOI | $53.9k | $14.03 |
3,840 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
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.
