Address
125 S Howes Street, Fort Collins, CO
Price
$ 1,895,000
Property Attributes
- MLS#IR1066791
- TypeSingle Family
- Listing Status Active
- CountyLARIMER
- CityFort Collins
- NeighborhoodSavings Bldg Condo
- Zip80521
- Style
- Year Built1970
- Price$ 1,895,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6200
- Lot Size2.93 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Triple net-lease investment opportunity anchored by Key Bank, an investment-grade tenant that has occupied this first-floor retail/office condo for 30 years. This 6,200 SF condominium sits within the iconic 11-story Key Bank Tower in downtown Fort Collins, offering a stable, passive income stream with minimal landlord responsibilities.Key Bank recently extended its lease through April 2031, with two additional 5-year renewal options carrying built-in rent escalators - providing long-term income visibility well into 2041. Annual NOI of $133,100 reflects a 7% cap rate on the current asking price of $1,895,000. Ownership also includes approx. 12% stake in adjacent vacant parcel.
| Elementary School | High School |
|---|---|
| Dunn Elementary School | Poudre High School |
| Price History | |
|---|---|
| 8/19/2026 | Listed $1,895,000 |
General Features
| Heating | Forced Air |
|---|---|
| Utilities | Natural Gas Available |
| Possession | Closing/DOD |
| Roof | Membrane |
| Zoning | D |
| HOA Fee | 1 |
| Association Fee Includes | Reserves |
| Construction Materials | Brick |
| Year Built | 1970 |
| Tenant Pays | Association Fees,Electricity,Gas,Other,Trash Collection,Water |
| Levels | One |
| Tax Year | 2025 |
| Ownership | Individual |
| Assoc Fee Paid Per | Monthly |
| County | Larimer |
| Net Operating Income | 133100 |
| Property Type | Residential |
| HOA | Yes |
| Subdivision Name | Savings Bldg Condo |
| Status | Active |
| High School | Poudre |
| City | Fort Collins |
| High School District | Poudre R-1 |
| Lot Size Square Feet | 127500 |
| Elementary School | Dunn |
| Middle/Junior High School | Other |
| Concessions | No |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Elementary School District | Poudre R-1 |
| Cap Rate | 7.02 |
Interior Features
| Basement | Partial |
|---|---|
| Furnished Y/N | Unfurnished |
| Basement (Y/N) | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Building Area Total | 6200 |
| Lot Size Acres | 2.93 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 80521
Price
Year Built
Visits
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than JPAR® - Platinum are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. September 12, 2026 12:33 PM UTCd
