Medical Office Building with Central
For Sale
$1,150,000
375 Horsetooth Rd, Fort Collins, CO 80525
Established medical office property near Fort Collins’ central business hub and major retail destinations.
Property Size7,100 SF
Price / SF$163.54
Days on Market268
Property Features for 375 Horsetooth Rd
General Information
Standard status
Active
Size
7,100 SF
Property subtype
Office
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$34,716
Amenities
Central Air
3
COM
Hill, City
Sloped
5005
Curbs Walk, Asphalt, City Road, Sloped.
Building Details
Year Built
1985
Buildings
1
Building Size
7,100 SF
Listing Agency:
Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins
(970) 231-0890
Listed By:
Mark Valdez · License #40040128
(970) 231-0890
Source:
Xome
Added: Nov 29, 2025
Changed: Aug 22
Last Checked: Aug 24 at 4:18AM
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 medical office property at 375 Horsetooth Rd provides an established healthcare setting in Fort Collins. The building was constructed in 1985 and includes central air conditioning. Its location places the property near the city’s central business hub, a major retail destination including the mall, and nearby medical, professional, and retail services.
The surrounding area also includes residential communities and neighboring retailers, with access from primary arterial roads and an asphalt city road. The property is positioned for medical office operations and professional healthcare use within a centrally located commercial corridor.
The surrounding area also includes residential communities and neighboring retailers, with access from primary arterial roads and an asphalt city road. The property is positioned for medical office operations and professional healthcare use within a centrally located commercial corridor.
Key Highlights
- Medical office property at 375 Horsetooth Rd, Fort Collins, CO 80525
- 7,032 SF property size
- Constructed in 1985
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
$98,676
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
8.58%
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%
$1,973,520
$2.0M
Cap Rate 7%
$1,409,657
$1.4M
Cap Rate 9%
$1,096,400
$1.1M
Market Conditions
NOI Build-Up for 7,032 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
$154.4K $21.96/SF
− Vacancy
−$22.9K −$3.25/SF
EGI
$131.6K $18.71/SF
− OpEx
−$32.9K −$4.68/SF
NOI
$98.7K $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%
$1,973,520
Cap Rate 7%
$1,409,657
Cap Rate 9%
$1,096,400
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,676 @ 7.0% cap · market cap 8.58%
Second Best
Healthcare Medical
$1.40M
$1.22M – $1.63M
NOI $97,818 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,179 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical office property near Fort Collins’ central business hub and major retail destinations.
Where is this medical office space located?
The property is located at 375 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: Medical office property at 375 Horsetooth Rd, Fort Collins, CO 80525; 7,032 SF property size; Constructed in 1985
