Office Units with Private
For Sale
$1,890,000
375 E Horsetooth Rd 2, Fort Collins, CO 80525
Six office units in a 1984 building with fireplaces, private patios, and ample parking in Fort Collins.
Property Size10,413 SF
Days on Market17
Property Features for 375 E Horsetooth Rd 2
General Information
Standard status
Active
Size
10,413 SF
Property subtype
Commercial
Additional Details
Office Units
6
Amenities
fireplaces
private patios
mature landscaping
Building Details
Building Size
10,413 SF
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
Cushman Wakefield
(970) 412-0225
Listed By:
Nate Heckel · License #FA.040037901
(970) 412-0225
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 12 at 9:44AM
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 Cushman Wakefield
Investment Insights
Based on property information with market context.
Six versatile office units make up this Fort Collins professional office building at 375 E Horsetooth Rd 2. The property was built in 1984 and features fireplaces and private patios throughout, giving each unit a distinct, functional amenity.
The grounds are described as surrounded by mature landscaping, with ample parking for employees and clients. The location is presented as convenient for daily needs, with easy access to major thoroughfares, dining, and shopping. Bike and walk access are also noted, with a bikeScore of 86 (very bikeable), walkScore of 41 (car-dependent), and transitScore of 28 (some transit).
Designed for multiple business sizes, the building’s unit configuration supports a range of office tenants seeking private outdoor space and on-site parking.
The grounds are described as surrounded by mature landscaping, with ample parking for employees and clients. The location is presented as convenient for daily needs, with easy access to major thoroughfares, dining, and shopping. Bike and walk access are also noted, with a bikeScore of 86 (very bikeable), walkScore of 41 (car-dependent), and transitScore of 28 (some transit).
Designed for multiple business sizes, the building’s unit configuration supports a range of office tenants seeking private outdoor space and on-site parking.
Key Highlights
- Six office units in a professional office building
- Built in 1984
- Fireplaces and private patios throughout the units
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
$146,120
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
7.73%
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%
$2,922,400
$2.9M
Cap Rate 7%
$2,087,429
$2.1M
Cap Rate 9%
$1,623,556
$1.6M
Market Conditions
NOI Build-Up for 10,413 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
$228.7K $21.96/SF
− Vacancy
−$33.8K −$3.25/SF
EGI
$194.8K $18.71/SF
− OpEx
−$48.7K −$4.68/SF
NOI
$146.1K $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%
$2,922,400
Cap Rate 7%
$2,087,429
Cap Rate 9%
$1,623,556
Alternative Uses
Best Use
Office B
$2.09M
$1.83M – $2.44M
NOI $146,120 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,808 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,074
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 units - Six office units in a 1984 building with fireplaces, private patios, and ample parking in Fort Collins.
Where is this office units located?
The property is located at 375 E Horsetooth Rd 2 Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Six office units in a professional office building; Built in 1984; Fireplaces and private patios throughout the units
