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    383 Drake Rd Fort Collins, CO 80526

    For Sale
    $675,000

    Prime Medical/Dental Office, Owner/User

    Property size:
    3,397 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3,397 square foot medical office condominium, located at 383 W Drake Rd, Suite 103, Fort Collins, CO 80526, presents a unique owner-user opportunity. Situated in the Drake Office Park, this Class B building offers a desirable mid-town location. The property, built in 1983 and featuring two stories, boasts a spacious layout ideal for a variety of medical or dental practices. The unit includes a large reception area, multiple private offices, several exam rooms, a sizable clinic with natural light, an in-house dental lab, and a convenient kitchenette. Restrooms are conveniently located within the suite. Ample parking is available with 60 spaces. The property is zoned E and currently occupied by Aspen Dental under a NNN lease expiring March 31, 2024. The asking price is $675,000, translating to $198.70 per square foot. This is a multi-tenant building with one unit available. Incentives for qualified buyers/tenants include one year of interest-only owner carry financing or one year of free rent (for a 5+ year lease term, subject to terms). This presents a compelling investment opportunity for a medical or dental professional seeking a turnkey practice space in a thriving Fort Collins location.

    Property Features for 383 Drake Rd

    General Information

    Property type
    Medical offices
    Square Feet
    3,397 SF
    Class
    B

    Building Details

    Year Built
    1983
    Stories
    2
    Units
    1

    HighLights

    • $675,000 asking price for a 3,397 SF medical/traditional office condo.
    • Located in mid‑town Fort Collins, CO at 383 W Drake Rd, Suite 103.
    • Class B, multi‑tenant building with 60 parking spaces.
    • Currently occupied by Aspen Dental with lease expiring 03/31/2024; NNN lease.
    • Features a reception area, private offices, exam rooms, clinic, lab, and kitchenette.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dumpsters Drake Rd Waste Management Service Northern Colorado FOP ... Corporate Office Open Pathways Learning Center Zuber Jean Insurance Agency Weekend Chiropractic Chiropractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.0831875
    Latitude
    40.5523133

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    FAQs

    What type of property is this?
    Medical office - Prime Medical/Dental Office, Owner/User
    Where is this medical office located?
    The property is located at 383 Drake Rd Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: $675,000 asking price for a 3,397 SF medical/traditional office condo.; Located in mid-town Fort Collins, CO at 383 W Drake Rd, Suite 103.; Class B, multi-tenant building with 60 parking spaces.
    Request Owner's contact information
    383 Drake Rd Fort Collins, CO 80526
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    Realmo Value Estimation

    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.

    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.

    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
    383 Drake Rd Fort Collins, CO 80526
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