Single-Tenant Office
For Sale
$5,300,000
4856 Innovation Dr, 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 Market175
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Property Features for 4856 Innovation Dr
General Information
Standard status
Active
Size
23,888 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Tenancy
Single
Listing Agency:
Helix Properties, LLC
Listed By:
Emily Mack · License #100099571
(970) 566-3868
Source:
Thestrohmangroup
Added: Apr 24
Changed: Oct 8
Last Checked: Oct 7 at 3:11PM
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 / Yr
$335,207
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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 Innovation Dr 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
