Fort Collins Medical Office
For Sale
$1,415,000
375 E Horsetooth Rd 201, Fort Collins, CO 80525
7,100 SF medical office near central Fort Collins.
Property Size7,032 SF
Price / SF$199.30
Days on Market107
Property Features for 375 E Horsetooth Rd 201
General Information
Standard status
Active
Size
7,032 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$34,716
Building Details
Building Size
7,032 SF
Year Built
1985
Listing Agency:
Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins
(970) 231-0890
Listed By:
Mark Valdez · License #40040128
(970) 231-0890
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 6:57AM
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 Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins
Investment Insights
Based on property information with market context.
This 7,100 square foot medical office building is located in a desirable commercial corridor of Fort Collins, near the city's central business hub and major retail destinations. The location offers visibility, ease of access, and proximity to established medical, professional, and retail services. The building's layout is designed for a range of medical uses, including clinic, specialty practice, outpatient services, or professional healthcare offices. The space supports multiple treatment rooms, private offices, administrative areas, and patient reception. The property benefits from strong surrounding demographics, steady traffic counts, and convenient access from primary arterial roads. Ample parking, neighboring retailers, and nearby residential communities enhance convenience for staff and clientele. It is located in a market with limited medical inventory. The bike score is 86, indicating it is very bikeable. The walk score is 41, indicating it is car-dependent, and the transit score is 28, indicating some transit is available.
Key Highlights
- Prime central Fort Collins location near the city's central business hub and major retail destinations.
- 7,100 square foot medical office building suitable for a wide range of medical uses.
- Efficient layout with multiple treatment rooms, private offices, administrative areas, and patient reception.
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
$99,630
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
7.04%
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%
$1,992,600
$2.0M
Cap Rate 7%
$1,423,286
$1.4M
Cap Rate 9%
$1,107,000
$1.1M
Market Conditions
NOI Build-Up for 7,100 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
$155.9K $21.96/SF
− Vacancy
−$23.1K −$3.25/SF
EGI
$132.8K $18.71/SF
− OpEx
−$33.2K −$4.68/SF
NOI
$99.6K $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%
$1,992,600
Cap Rate 7%
$1,423,286
Cap Rate 9%
$1,107,000
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,630 @ 7.0% cap · market cap 7.04%
Second Best
Healthcare Medical
$1.41M
$1.23M – $1.65M
NOI $98,764 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,419 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,074
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 7,100 SF medical office near central Fort Collins.
Where is this medical office space located?
The property is located at 375 E Horsetooth Rd 201 Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,415,000.
What are key features of this property?
This property features: Prime central Fort Collins location near the city's central business hub and major retail destinations.; 7,100 square foot medical office building suitable for a wide range of medical uses.; Efficient layout with multiple treatment rooms, private offices, administrative areas, and patient reception.
