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    4401 Innovation Dr Fort Collins, CO 80525

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    For Sale
    Contact for pricing

    Modern Katy Mills Office Suites Available

    Property size:
    20,000 SF

    Property Features for 4401 Innovation Dr

    General Information

    Property type
    Office space
    Square Feet
    20,000 SF
    Class
    B
    Lot Size
    212,573 SF

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Matt Patyk
    Matt Patyk

    Listing Agency: CBRE Fort Collins Listing Agent: Matt Patyk

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

    Learn more

    Property Insight Report

    Overview

    Pin Oak Office Condominiums presents a unique investment opportunity in the thriving Katy Mills submarket. This newly constructed, 13-building office park boasts prime Westheimer Parkway frontage, offering approximately 730 feet of high-visibility exposure. The property features a total of 4,900 square feet across four suites within a single, one-story building, with 2,450 square feet currently vacant and available for immediate occupancy. The building is classified as Class B and was completed in 2024. Each unit offers the convenience of 24-hour access and fully air-conditioned spaces, perfect for a variety of businesses. The flexible space allows for single-tenant occupancy of the entire 4,900 square feet or smaller configurations to suit individual needs. The multi-tenant design provides a vibrant and collaborative environment. The property's location within the dynamic Katy Mills area offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a modern and well-located office space. The absence of elevators is noted, making this property particularly suitable for single-story office needs. This is an exceptional opportunity to secure space in a rapidly developing area with high visibility and modern amenities. Contact us today to learn more about leasing options and explore the possibilities for your business at Pin Oak Office Condominiums.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Qualfon Fort Collins Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -105.0442347
    Latitude
    40.5266835

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    FAQs

    What type of property is this?
    Office space - Modern Katy Mills Office Suites Available
    Where is this office space located?
    The property is located at 4401 Innovation Dr Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: 4,900 SF Office Condominium Building in Katy Mills Submarket.; Multiple suites available, totaling 2,450 SF of vacant space.; Building features 4 suites, with a maximum contiguous space of 4,900 SF.
    (970) 372-3858 Call to check price and availability
    Request Owner's contact information
    4401 Innovation Dr Fort Collins, CO 80525
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    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
    4401 Innovation Dr Fort Collins, CO 80525
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Patyk
    Matt Patyk
    Real Estate License ID: FA100026054
    (970) 372-3858
    Learn more
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