Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Updated Office Space For Rent Title is generated by Realmo AI

    507 Cowan St A, Fort Collins, CO 80524

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    Recently updated office space with ample parking near Old Town.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 24 at 4:10 pm

    Property Features for 507 Cowan St A

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Jackson Chunko

    Listing agent Jackson Chunko

    Listing office Waypoint Real Estate

    Listing date Apr 24, 2026

    Source Elliman

    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 Waypoint Real Estate

    HighLights

    • Unbeatable bikeScore of 100, a Biker's Paradise.
    • Prime location, just 0.8 miles from Old Town Fort Collins.
    • Abundance of off‑street and reserved parking.
    • Recently updated office space with large window.
    • 3 Phase Power.
    • Additional open space in back of building with alley access.

    Overview

    This recently updated office space features a large window and 3-phase power. The property includes an abundance of off-street and reserved parking. Additional open space is located in the back of the building, with access from the alley. The zoning is Commercial Low (C-L). The location is 0.8 miles from Old Town Fort Collins. The bike score is 100, indicating it is a biker's paradise. The walk score is 74, classifying it as very walkable, and the transit score is 42, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Free to Be: Personal ... Wellness Program Wild Bliss Photography Photography Service Mighty Dog Roofing Roofing Company Evok Noco (Bike/Boat/Book/etc) Store Apparel Imaging Specialties Clothing Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.0652624
    Latitude
    40.5811031

    Nearby Similar for Lease

    • $12 SF/Yr
      9,768 SF

      Fort Collins Retail/Industrial Space

      9768 SF retail/industrial building for lease in Fort Collins.
      6314 S College Ave, Fort Collins, CO 80525
      View Details
    • $13 SF/Yr
      1,460 SF

      Functional Warehouse Units in Fort Collins

      Accessible Fort Collins warehouse units with various sizes and conditions.
      2100 Airway Ave, Fort Collins, CO 80524
      View Details
    • $16 SF/Yr

      Unique Office/Flex Space Available

      Small office/flex space in high-traffic Harmony Corridor, Fort Collins.
      4803 Innovation Dr, Fort Collins, CO 80525
      View Details
    • $64 SF/Yr

      Executive Office in Fort Collins

      Single executive office with shared amenities in south Fort Collins.
      4700 S College Ave, Fort Collins, CO 80525
      View Details
    • $19 SF/Yr
      4,820 SF

      Industrial Flex Retail Showroom Space

      4,820 SF industrial/flex/retail showroom with high visibility.
      2216 Airway, Fort Collins, CO 80524
      View Details
    • $129-$11,056/Mo
      11-1,292 SF

      Spaces Linden Street

      242 Linden St, Fort Collins, CO 80524
      View Details
    • $16 SF/Yr

      Professional Office Building For Lease

      Highly visible office building with premium exposure and access.
      4836 S College Ave, Fort Collins, CO 80525
      View Details
    • $14 SF/Yr
      6,445 SF

      Professional Office Building For Lease

      Multi-tenant office building ideal for medical or general office users.
      2001 S Shields St 101 & 103, Fort Collins, CO 80526
      View Details
    • $12 SF/Yr
      9,768 SF

      Versatile Retail/Industrial Space Available

      9768 SF open space with flexible zoning in Fort Collins.
      6314 S College, Fort Collins, CO 80525
      View Details
    • $15 SF/Yr
      507 SF

      Move-in Ready Office Suite Available

      Professional office suite available for sublease along Horsetooth Corridor.
      1015 W Horsetooth E-201, Fort Collins, CO 80526
      View Details
    • $10 SF/Yr
      3,908 SF

      Air-Conditioned Office/Warehouse Space Available

      3,908 SF office/warehouse near I-25 in Fort Collins.
      104 Racquette Dr A1, Fort Collins, CO 80524
      View Details
    • $35 SF/Yr

      Turnkey Restaurant Space Near CSU

      Move-in ready restaurant space with equipment and high visibility.
      460 S College Ave, Fort Collins, CO 80524
      View Details

    FAQs

    What type of property is this?
    Office units - Recently updated office space with ample parking near Old Town.
    Where is this office units located?
    The property is located at 507 Cowan St A Fort Collins, CO.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Unbeatable bikeScore of 100, a Biker's Paradise.; Prime location, just 0.8 miles from Old Town Fort Collins.; Abundance of off‑street and reserved parking.
    (970) 213-5063
    We can help!
    Listing Contact
    Jackson Chunko
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    507 Cowan St A, Fort Collins, CO 80524
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!