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

    343 Drake Rd Fort Collins, CO 80526-6317

    • Office buildings
    • 16,793 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    $2,180,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2304061
    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

    • Doculedger / (Bike/Boat/Book/etc) Store / Corporate Office
    • Raina M. Denmark, PsyD / Physician / Medical Clinic
    • Comptax Tax Services / Tax Preparation
    • Alpine Behavior Therapy Clinic / Psychotherapist / Family Counselor
    • Saoirse Chalcraft, MA, LPC, ATR / Counselor

    Property Details for 343 Drake Rd

    Year built
    1982
    Lot size
    0.45 lot acres
    Property size
    16,793 SF
    Property type
    Office buildings
    APN
    97261-28-004
    APU
    9726128004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,985,000
      Market price range: $2.99M - $5.91M
      AI Estimate
      $1,385,000
      Market price range: $776k - $4.06M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.082
    Latitude
    40.5517
    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
    $42,364
    $35,768
    $436,635
    $472,403
    -
    $128,200
    $1,565,000
    $1,693,200

    Comparable in this City

    • Value Estimation by Request
      1,712 SF

      323 Drake Rd Ste, Unit 100

      OFFICE BUILDING • 1,712 SF
      323 Drake Rd Ste, Fort Collins, CO 80526-8123
      View Details
    • Value Estimation by Request
      1,526 SF

      383 Drake Rd Ste, Unit 102

      OFFICE BUILDING • 1,526 SF
      383 Drake Rd Ste, Fort Collins, CO 80526-2884
      View Details
    • Value Estimation
      $640,000
      3,397 SF

      383 Drake Rd Ste, Unit 103

      OFFICE BUILDING • 3,397 SF
      383 Drake Rd Ste, Fort Collins, CO 80526-2884
      View Details
    • Value Estimation
      $4,905,000
      19,440 SF

      1075 Horsetooth Rd, Unit 200

      OFFICE BUILDING • 19,440 SF
      1075 Horsetooth Rd, Fort Collins, CO 80526-5984
      View Details
    • Value Estimation by Request
      1,029 SF

      323 Drake Rd Ste, Unit 216

      OFFICE BUILDING • 1,029 SF
      323 Drake Rd Ste, Fort Collins, CO 80526-8120
      View Details
    • Value Estimation by Request
      1,233 SF

      373 Drake Rd, Unit 3DN

      OFFICE BUILDING • 1,233 SF
      373 Drake Rd, Fort Collins, CO 80526-2881
      View Details

    Similar Nearby for Sale

    • $2,640,000
      12,209 SF

      Fort Collins Office Building

      Office building for sale in Fort Collins, Colorado.
      313 W Drake Rd, Fort Collins, CO 80526
      View Details
    • Contact for pricing
      0.50 Acres

      Horsetooth Road Commercial Land

      Prime Fort Collins land, build-to-suit options.
      0 Horsetooth Rd, Fort Collins, CO 80526
      View Details
    • $300,000
      0.03 Acres

      Move-in Ready Office Suite

      First-floor office suite in Spring Creek Business Park.
      2001 S Shields St, Fort Collins, CO 80526
      View Details
    • $1,075,000

      Fort Collins Office Space Available

      Office space near Colorado State University with lease extension.
      1006 Centre Ave, Fort Collins, CO 80526
      View Details
    • $675,000
      3,397 SF

      Fort Collins Medical Office Condo

      Prime Medical/Dental Office, Owner/User
      383 Drake Rd, Fort Collins, CO 80526
      View Details
    • Contact for pricing
      1,651 SF

      Updated Condo in Prime Location

      Updated condo with en-suite bathrooms, close to trails and CSU.
      848 Shire Ct, Fort Collins, CO 80526
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    Similar Nearby for Lease

    • $15 SF/Yr
      7,304 SF

      Poudre Valley Plaza Office Suites

      Fort Collins Office Space Available
      1075 Horsetooth Rd, Fort Collins, CO 80526
      View Details
    • $12 SF/Yr
      25,344 SF

      Fort Collins Dental Office Condo

      Finished dental office condo in mid-town Fort Collins for rent.
      383 W Drake Rd, Fort Collins, CO 80526
      View Details
    • Contact for pricing
      2,124 SF

      Office Space with LEED Features

      Office space for rent with easy access and secure access.
      2537 Research Blvd, Fort Collins, CO 80526
      View Details
    • Contact for pricing
      1,521 SF

      Professional Office Space for Lease

      Midtown Fort Collins office suite with park-like setting.
      2625 Redwing Rd, Fort Collins, CO 80526
      View Details
    • $18 SF/Yr
      1,395 SF

      Office Space in Market Centre

      Office space available in a busy Fort Collins shopping center.
      902 W Drake Rd, Fort Collins, CO 80526
      View Details
    • $18 SF/Yr
      16,032 SF

      Drake Road Office Space Available

      Prime Market Centre location, 1,201 sq ft.
      902 Drake Rd, Fort Collins, CO 80526
      View Details
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    343 Drake Rd
    Fort Collins, CO 80526-6317
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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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