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Property profile & analytics
OFF-MARKET
Office Spaces

383 Drake Rd Fort Collins, CO 80526

3,397 SF Built 1983
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Year built 1983
Total area 3,397 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dumpsters Drake Rd Waste Management Facility Hazardous Waste Disposal
  • Northern Colorado FOP Lodge 3 Corporate Office
  • Open Pathways Training Center Tutoring Service
  • Zuber Jean Insurance Agency
  • Weekend Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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