Property profile

255 E Monroe Dr Fort Collins, CO 80525

FOR LEASE
Office buildings
Property ID
US13-0645294
8,012 SF 0.98 ac lot Built 1982
Entity Owned 28-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8,012 square foot Class B office building at 255 East Monroe Drive in Fort Collins, Colorado offers a unique leasing opportunity. Situated on a 0.98-acre lot, this single-story building, constructed in 1982, provides multiple tenancy options with a minimum divisible space of 1,300 square feet and a maximum contiguous space of 1,982 square feet. Currently, 3,282 square feet are vacant and ready for immediate occupancy. The property boasts 58 parking spaces, a significant advantage in this vibrant area. Its convenient Midtown location offers easy access to College Avenue and Horsetooth Road, placing tenants within close proximity to a variety of restaurants, public transportation, and entertainment venues. The building features ample off-street parking and allows for prominent building and monument signage. The flexible floor plans are designed to accommodate a range of professional office users, incorporating private offices, conference rooms, and open bullpen areas suitable for cubicles. The zoning is Commercial, and the property is located in Larimer County, Colorado, with a zip code of 80525. This property is ideally suited for businesses seeking a professional and accessible location in the heart of Fort Collins. The space is perfect for real estate, title insurance, financial services, or other professional office users.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,012 SF
Lot 0.98 ac (42,689 SF)
APN 97253-12-001
UPID US13-0645294

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

255 E Monroe Dr Fort Collins, CO 80525
Fort Collins metro Census 1003 FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$465k

Owner & transaction history

since 1998
1 recorded transaction
1998
$825,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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