Medical Office
For Sale
$1,150,000
375 E Horsetooth Rd, Fort Collins, CO 80525
Commercial Sale, Fort Collins, CO
Property Size7,100 SF
Lot Size0.11 Acres
Price / SF$161.97
Days on Market304
Property Features for 375 E Horsetooth Rd
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
COM
Accessibility
Accessible Elevator Installed
Subdivision
Shores Four Condo Assoc At Shores Office Park 1st
Lot features
Sloping Lot, Curbs
View
City, Hills
Elementary school
Kruse
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Directions
From Horsetooth and College East on Horsetooth to address. Plaza is the South East Corner of Horsetooth and Landings Drive.
Standard status
Active
APN
R1669402
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
34716
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1985
Building materials
Frame, Brick
Roof type
Composition
Listing Agency:
Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins
(970) 226-5511
Listed By:
Mark Valdez
(970) 231-0890
Added: Dec 3, 2025
Changed: Sep 12
Last Checked: Oct 3 at 7:06AM
MLS# 1048036
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office property in Fort Collins is configured for healthcare and professional office operations, with space for treatment rooms, private offices, reception, and administrative functions. The building was constructed in 1985 and features frame and brick construction, forced-air heating, central air conditioning, an accessible elevator, a composition roof, and natural gas availability.
Located at 375 E Horsetooth Rd, the property is near Fort Collins’ central business area, retail destinations, arterial roads, and residential communities. The surrounding setting includes neighboring retailers and convenient access for patients, staff, and visitors. COM zoning supports its commercial positioning, while the layout can accommodate clinic, specialty practice, outpatient, or professional healthcare office use as described in the property information.
Located at 375 E Horsetooth Rd, the property is near Fort Collins’ central business area, retail destinations, arterial roads, and residential communities. The surrounding setting includes neighboring retailers and convenient access for patients, staff, and visitors. COM zoning supports its commercial positioning, while the layout can accommodate clinic, specialty practice, outpatient, or professional healthcare office use as described in the property information.
Key Highlights
- 7,100‑square‑foot medical office building in Fort Collins
- 0.11‑acre site at 375 E Horsetooth Rd
- COM zoning with healthcare and professional office use described
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
8.66%
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 8.66%
Second Best
Healthcare Medical
$1.41M
$1.23M – $1.65M
NOI $98,764 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,419 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,006
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
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?
Medical Office Space - Central Fort Collins facility with treatment rooms, private offices, reception, and administrative areas.
Where is this medical office space located?
The property is located at 375 E Horsetooth Rd Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 7,100‑square‑foot medical office building in Fort Collins; 0.11‑acre site at 375 E Horsetooth Rd; COM zoning with healthcare and professional office use described
