Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    902 W Drake Rd Fort Collins, CO 80526

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr ($2,092 /Mo)

    Office space available in a busy Fort Collins shopping center.

    Property size:
    1,395 SF
    Lot size:
    0.87 Acres

    Property Features for 902 W Drake Rd

    General Information

    Size
    1,395 SF
    Lot size
    0.87 Acres

    We can help!

    Listing Contact
    Cole Herk
    Source: Moodyscre

    Listing Agency: Cushman & Wakefield | Fort Collins Listing Agent: Cole Herk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space in Market Centre

    Located in the Market Centre near the intersection of Drake Road and Shields Street, 902 West Drake Road offers office space for rent. The location benefits from high traffic, with 54,414 vehicles per day at the intersection of Drake Road and Shields Street. The property is 1395 square feet. Major tenants in the Market Centre include Starbucks, Columbine Health, Anytime Fitness, and The Drake Centre event venue.
    Location Intelligence

    Current Use by Public Records

    Drake Cycles Bicycle Shop Beacon Construction General Contractor Pho Duy Vietnamese Restaurant Turmeric Indian Grocery Indian Grocery Store Saffron Scoops N ... Indian Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.0928214
    Latitude
    40.5535594

    Nearby Similar for Lease

    • $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
    • $16 SF/Yr

      Industrial/Flex Unit in Fort Collins

      Sublease opportunity in a growing Fort Collins location.
      2246 Zurich Dr, Fort Collins, CO 80524
      View Details
    • $10 SF/Yr
      29,185 SF

      Functional Flex/Manufacturing/Office Warehouse Units

      Flex, manufacturing, or office/warehouse units in Fort Collins, CO.
      409 Delozier Dr, Fort Collins, CO 80524
      View Details
    • $18 SF/Yr
      6,970 SF

      Turn-Key Medical/Dental Office Space

      Move-in ready medical/dental office near Poudre Valley Hospital.
      1221 E Elizabeth St Unit, Fort Collins, CO 80524
      View Details
    • $16 SF/Yr
      52,708 SF

      Fort Collins Flex Space Available

      Functional flex space in Fort Collins with easy highway access.
      11 NW Frontage Rd, Fort Collins, CO 80524
      View Details
    • $11 SF/Yr

      Fort Collins Office Suite Available

      Partially furnished office suite for lease in Fort Collins.
      724 Whalers Way, Fort Collins, CO 80525
      View Details
    • $14 SF/Yr

      Remodeled Office Condo Available

      Remodeled office condo with reception, waiting area, and kitchenette.
      149 W Harvard St, Fort Collins, CO 80525
      View Details
    • $16 SF/Yr

      Professional Office Suites For Lease

      Professional office suites in midtown Fort Collins with mountain views.
      181 W Boardwalk Dr, Fort Collins, CO 80525
      View Details
    • $8 SF/Yr
      113,692 SF

      Fort Collins Warehouse For Rent

      10,525 SF commercial warehouse space available for rent.
      3700 Canal Dr, Fort Collins, CO 80524
      View Details
    • $13 SF/Yr
      261,360 SF

      Fort Collins Industrial Building For Rent

      Industrial building on six acres with cranes and large garage doors.
      617 N Timberline Rd, Fort Collins, CO 80524
      View Details
    • $20 SF/Yr

      Fort Collins Office Space Available

      High-quality office space for lease in Timberline Office Park.
      2002 Caribou Dr, Fort Collins, CO 80525
      View Details
    • $20 SF/Yr

      Fort Collins Office Space Available

      Remodeled office space in Timberline Office Park, Fort Collins.
      2002 Caribou Dr, Fort Collins, CO 80525
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available in a busy Fort Collins shopping center.
    Where is this office space located?
    The property is located at 902 W Drake Rd Fort Collins, CO.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location: 54,414 vehicles per day at Drake Road and Shields Street.; - Located in Market Centre.; - Proximity to major tenants: Starbucks, Columbine Health, Anytime Fitness.
    (970) 690-6005
    Request Owner's contact information
    902 W Drake Rd Fort Collins, CO 80526
    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.
    902 W Drake Rd
    Fort Collins, CO 80526
    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
    902 W Drake Rd Fort Collins, CO 80526
    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

    We can help!
    Listing Contact
    Cole Herk
    (970) 690-6005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.