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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3420 Harmony Rd Fort Collins, CO 80528-9522

    • Office buildings
    • 192,270 SF
    • 22.89 lot acres
    OFF-MARKET
    Value Estimations
    $32,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2219360
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Yoga Heroux LLC / Gym & Fitness Center
    • Wawanesa Insurance / Insurance Agency
    • Novus Ag / Farm Equipment Supplier / Agricultural Association

    Property Details for 3420 Harmony Rd

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    22.89 lot acres
    Property size
    192,270 SF
    Property type
    Office buildings
    APN
    87333-28-001
    APU
    8733328001

    Description

    This exceptional Class A office building, located at 3420 E. Harmony Rd in Fort Collins, Colorado, offers 184,384 square feet of flexible space. Built in 1997 and renovated in 2007, the three-story building features a single suite, divisible into units ranging from 10,000 to a maximum contiguous 60,000 square feet. The property boasts ample parking (6 spaces per 1,000 square feet) and elevators. Its strategic location at the northeast corner of Harmony and Ziegler Roads provides convenient access to I-25, as well as nearby retail and dining options at Front Range Village and Harmony Commons. Building amenities include prominent monument signage. The property is situated in Larimer County, zip code 80525. This is a sublease opportunity with a term extending through May 30, 2026. The modified gross lease rate is $20.00 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $47,965,000
      6.5%
      $44,275,000
      7%
      $41,115,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $34,181,000
      Market price range: $34.2M - $67.6M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $47,455,000
      Current use
      AUTO REPAIR, GARAGE
      $46,890,000
      Change: -1% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.012
    Latitude
    40.5283
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $635,894
    $1,390,759
    $5,582,874
    $6,973,633
    -
    $4,984,800
    $20,010,300
    $24,995,100

    Comparable in this City

    • Value Estimation
      $34,185,000
      190,617 SF

      2950 Harmony Rd

      OFFICE BUILDING • 190,617 SF
      2950 Harmony Rd, Fort Collins, CO 80528-3419
      View Details
    • Value Estimation by Request
      520 SF

      8010 County Rd 5th, Unit 101

      OFFICE BUILDING • 520 SF
      8010 County Rd 5th, Windsor, CO 80528-9004
      View Details
    • Value Estimation by Request
      520 SF

      8010 County Rd 5th, Unit 105

      OFFICE BUILDING • 520 SF
      8010 County Rd 5th, Windsor, CO 80528-9004
      View Details
    • Value Estimation by Request
      657 SF

      8010 County Rd 5th, Unit 109

      OFFICE BUILDING • 657 SF
      8010 County Rd 5th, Windsor, CO 80528-9004
      View Details
    • Value Estimation
      $2,640,000
      10,202 SF

      3003 Harmony Rd Ste, Unit 200

      OFFICE BUILDING • 10,202 SF
      3003 Harmony Rd Ste, Fort Collins, CO 80528-9627
      View Details
    • Value Estimation by Request
      799 SF

      8010 County Rd 5th, Unit 204

      OFFICE BUILDING • 799 SF
      8010 County Rd 5th, Windsor, CO 80528-9004
      View Details

    Similar Nearby for Sale

    • $908,950

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      New construction office buildings in south Fort Collins, available 2026.
      3010 Golden Grv Dr, Fort Collins, CO 80528
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      New Office Buildings in Fort Collins

      New construction office buildings in desirable Fort Collins location.
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      8,992 SF

      Permit Ready Office Building

      Standalone office building with quick access to I-25.
      8000 S County Road 5, Windsor, CO 80528
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      Windsor Office/Medical Space Available

      6,000 SF space ideal for medical or professional office.
      7470 Westgate Dr, Windsor, CO 80528
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    • $770,000
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      Fort Collins Office Condo For Sale

      Office condo with eight exam rooms and private offices.
      2021 Battlecreek Dr, Fort Collins, CO 80528
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    • $475,000
      8,992 SF

      Windsor Executive Office Building

      8,992 SF Office, $475,000
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    Similar Nearby for Lease

    • $24 SF/Yr
      15,003 SF

      Fort Collins Office Space Available

      Office space for rent in Harmony Technology Park.
      3528 Precision Dr, Fort Collins, CO 80528
      View Details
    • Contact for pricing
      84,407 SF

      Harmony Tech Park Office Campus

      Fort Collins, CO: Class A Office Space Available
      0 Swc Timberwood Dr & Lady Moon Dr, Fort Collins, CO 80528
      View Details
    • $24 SF/Yr
      190,617 SF

      Harmony Corporate Center: Premier Office Space

      Class A Office Building, Multiple Tenancies Available
      2950 Harmony Rd, Fort Collins, CO 80528
      View Details
    • Contact for pricing
      1,663 SF

      Harmony Village Office Space Available

      Office space for lease in a convenient, professional setting.
      1951 Wilmington Dr, Fort Collins, CO 80528
      View Details
    • Contact for pricing
      125,000 SF

      Fort Collins Office Space Available

      High-tech office, prime location, 125,000 SF
      3404 Harmony Rd, Fort Collins, CO 80528
      View Details
    • $20 SF/Yr
      24,349 SF

      Office Suites in Fort Collins

      Office suites for rent in central Fort Collins location.
      2809 East Harmony Rd, Fort Collins, CO 80528
      View Details
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    3420 Harmony Rd
    Fort Collins, CO 80528-9522
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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
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