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
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