Downtown Fort Collins Office Space

215 W Oak St, Fort Collins, CO 80521

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For Sale

Contact for pricing

Prime office space in the heart of downtown Fort Collins.

Type:Office

Property size:

4,085 SF

Price / SF:

$171/SF

HighLights

Prime office space in the heart of downtown Fort Collins.
Panoramic views of downtown Fort Collins, the Front Range, and Long's Peak, which are unique due to building height restrictions.
Recent building upgrades including new elevators, efficient new HVAC system, new exterior paint, and an updated lobby with an electronic tenant directory.
Opportunity to purchase or lease space on multiple floors (1st, 2nd, 3rd, 4th, and 12th).
First‑floor units offer additional exposure to building patrons.
The 4th floor is fully leased and offered as an investment opportunity.

We can help!

Listing Contact

Julie Norris

For Sale

Contact for pricing

Prime office space in the heart of downtown Fort Collins.

Type:Office

Property size:

4,085 SF

Price / SF:

$171/SF

Added:: Jan 30, 2023
Days on Market:: 1234
Last Refresh:: May 19 at 9:11 pm

Property Features for 215 W Oak St

General Information

Standard status: Active
Size: 4,085 SF
Property subtype: Office

We can help!

Listing Contact

Julie Norris

Listing agent Julie Norris License #CO FA.100082000

Listing office RE/MAX Commercial Alliance

Listing date Jan 30, 2023

Source Crexi

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 RE/MAX Commercial Alliance

HighLights

Prime office space in the heart of downtown Fort Collins.
Panoramic views of downtown Fort Collins, the Front Range, and Long's Peak, which are unique due to building height restrictions.
Recent building upgrades including new elevators, efficient new HVAC system, new exterior paint, and an updated lobby with an electronic tenant directory.
Opportunity to purchase or lease space on multiple floors (1st, 2nd, 3rd, 4th, and 12th).
First‑floor units offer additional exposure to building patrons.
The 4th floor is fully leased and offered as an investment opportunity.

Overview

Located in downtown Fort Collins, The Tower offers panoramic views of the city, the front range, and Long’s Peak. The building has undergone recent upgrades, including new elevators, an efficient new HVAC system, new exterior paint, and an updated lobby with an electronic tenant directory. Space is available on the 1st, 2nd, 3rd, 4th and 12th floors for sale or lease. The first floor units provide additional exposure to tenants. Floors 1-3 are available to occupy, and the 4th floor is fully leased and offered as an investment opportunity. The 12th floor is available for lease or sale.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$89.7k	$21.96
− Vacancy	−$13.3k	−$3.25
EGI	$76.4k	$18.71
− OpEx	−$19.1k	−$4.68
NOI	$57.3k	$14.03

4,085 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$818.9K

$716.5K – $955.4K (±1% cap)

NOI $57,323 @ 7.0% cap · market cap 8.19%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.06M

$930.8K – $1.24M (±1% cap)

NOI $74,461 @ 7.0% cap · market cap 10.64%

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

Property Profile Location Intelligence

Current Use by Public Records

Ward Petroleum Co Factory LifeStance Therapists & Psychiatrists ... Child Psychiatrist Chapel & Collins Financial Advisor Samuelson Law, PC Law Firm Dunn Henritze Maline ... Accounting Firm

Suggested Use

Location Insight

Map
Local Demand

City: Fort Collins
County: Larimer
State: Colorado
Longitude: -105.074929
Latitude: 40.5853925

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For sale
Office buildings
CO
Fort Collins
80521
215 W Oak St

What type of property is this?

Office building - Prime office space in the heart of downtown Fort Collins.

Where is this office building located?

The property is located at 215 W Oak St Fort Collins, CO.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Prime office space in the heart of downtown Fort Collins.; Panoramic views of downtown Fort Collins, the Front Range, and Long's Peak, which are unique due to building height restrictions.; Recent building upgrades including new elevators, efficient new HVAC system, new exterior paint, and an updated lobby with an electronic tenant directory.