Single-Tenant Office
For Sale
$5,300,000
4856 Dr 4856 Innovation Dr 4856, Fort Collins, CO 80525
Office property near I-25 with central air in Fort Collins’ Oakridge Business Park.
Property Size23,888 SF
Price / SF$221.87
Days on Market135
Property Features for 4856 Dr 4856 Innovation Dr 4856
General Information
Standard status
Active
Size
23,888 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
Central Air
3
HC
23888.0
Sidewalks, Gutters. Curbs Walk, Asphalt, City Road.
Building Details
Year Built
2000
Tenancy
Single
Listing Agency:
Helix Properties, LLC
(909) 238-2299
Listed By:
Emily Mack
(909) 238-2299
Source:
Xome
Added: Apr 19
Changed: Aug 30
Last Checked: Aug 30 at 3:18PM
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 Helix Properties, LLC
Investment Insights
Based on property information with market context.
This 23,888-square-foot office building was constructed in 2000 and is occupied by one long-term tenant. Central air is installed, and the property is part of Oakridge Business Park, a commercial campus with office, industrial, flex, and other commercial buildings.
The property is located on Innovation Drive in Fort Collins, near Interstate 25. Access to Harmony Road and Highway 287 supports connectivity across the area, while nearby restaurants, retail businesses, and the city trail system add to the surrounding business environment.
The property is located on Innovation Drive in Fort Collins, near Interstate 25. Access to Harmony Road and Highway 287 supports connectivity across the area, while nearby restaurants, retail businesses, and the city trail system add to the surrounding business environment.
Key Highlights
- 23888 SF office building
- Occupied by a single long‑term tenant
- Constructed in 2000
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
$335,207
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
6.32%
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%
$6,704,140
$6.7M
Cap Rate 7%
$4,788,671
$4.8M
Cap Rate 9%
$3,724,522
$3.7M
Market Conditions
NOI Build-Up for 23,888 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
$524.6K $21.96/SF
− Vacancy
−$77.6K −$3.25/SF
EGI
$446.9K $18.71/SF
− OpEx
−$111.7K −$4.68/SF
NOI
$335.2K $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%
$6,704,140
Cap Rate 7%
$4,788,671
Cap Rate 9%
$3,724,522
Alternative Uses
Best Use
Office B
$4.79M
$4.19M – $5.59M
NOI $335,207 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.22M
$5.44M – $7.26M
NOI $435,430 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,445
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 building - Office property near I-25 with central air in Fort Collins’ Oakridge Business Park.
Where is this office building located?
The property is located at 4856 Dr 4856 Innovation Dr 4856 Fort Collins, CO.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 23888 SF office building; Occupied by a single long‑term tenant; Constructed in 2000
