Medical Office Building with Accessible
For Sale
$1,415,000
375 E Horsetooth Rd, Fort Collins, CO 80525
SINGLE_FAMILY - Fort Collins, CO
Property Size7,100 SF
Lot Size0.11 Acres
Price / SF$199.30
Days on Market251
Property Features for 375 E Horsetooth Rd
General Information
Property type
Residential
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: Aug 1
Last Checked: Aug 11 at 9:06PM
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.
Medical office building configured for a range of clinic and specialty practice needs, with multiple treatment rooms, private offices, administrative areas, and patient reception. The building is described as 7,100 square feet and sits on a 0.11-acre lot. Construction materials include frame and brick, with a composition roof.
The property is zoned COM and includes forced-air heating and central air cooling. Natural gas is available, and an accessible elevator has been installed to support improved patient and staff access.
Built in 1985, this facility is positioned for day-to-day healthcare operations with an internal layout intended to support smooth patient flow.
The property is zoned COM and includes forced-air heating and central air cooling. Natural gas is available, and an accessible elevator has been installed to support improved patient and staff access.
Built in 1985, this facility is positioned for day-to-day healthcare operations with an internal layout intended to support smooth patient flow.
Key Highlights
- 7,100‑square‑foot medical office building
- 0.11‑acre lot
- COM zoning
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
2,006
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
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 - 1985 medical office building with central air and an accessible elevator in COM zoning.
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 $1,415,000.
What are key features of this property?
This property features: 7,100‑square‑foot medical office building; 0.11‑acre lot; COM zoning
