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Property profile & analytics
FOR SALE
Life science properties

345 Mountain Ave E Fort Collins, CO 80524

10,500 SF 0.22 ac lot Built 1901
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US13-2804151
Property summary
AI-generated overview

This exceptional investment opportunity presents a rare chance to acquire a 10,500 square foot, single-tenant, net-leased office building located at 345 E Mountain Ave in the heart of Fort Collins, Colorado's vibrant downtown district. The property sits on a sizable 0.22-acre lot (APN 9712316005) and is currently 100% occupied by Thermo Fisher Scientific (Life Technologies Corporation), offering immediate cash flow and future upside potential. The building boasts a desirable location on Mountain Avenue, a highly sought-after area known for its strong tenant demand. The building itself features eight private offices, a conference room, a kitchen, and substantial open workshop space spread across two floors. Convenient access to an exclusive parking area and alley access via an overhead rear door adds significant value. The asking price is $2,500,000, translating to $238.10 per square foot. This property is zoned for Downtown District use, ensuring flexibility for future development or continued operation as a high-performing office space. This is a unique opportunity to acquire a stable, income-producing asset in a prime location.

Property profile
Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1901
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,500 SF
Lot 0.22 ac (9,583 SF)
APN 97123-16-005
UPID US13-2804151
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
  • Fusebox Studio Photography Service (Bike/Boat/Book/etc) Store
  • Thermo Fisher Scientific Production Facility
  • Lava Converters Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
$640k
Blend (final) Blend
$595k
Owner & transaction history
Fr Holdings Commercial LLC
Fr Holdings Commercial LLC
since 2026
7 recorded transactions
2026
Price N/A
2025
Price N/A
2025
Price N/A
2024
Price N/A
2020
Price N/A
2020
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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