For sale

$1,895,000

Est. $12,730/mo —

—

•

— ba

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6,200

sq ft

125 S Howes St, Fort Collins, CO 80521

About this home

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.

Multi-familyProperty Type

1970Year Built

2.93 acresLot Size

$306Price/Sq.Ft.

$1/moHOA Dues

Listed by Erik Broman • Realtec C.R.E.S., LLC

Contact: 9702299900

Listing updated: Aug 21, 2026 at 01:13pm

Redfin checked: a minute ago

•Source:IRES as Distributed by MLS Grid #1066791

Payment calculator

$12,730 per month

Principal and interest$10,471

Property taxes

$1,753

HOA dues

Home insurance

$505

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Dunn Elementary School

Public K-5 • Assigned • 0.7mi

8/10

Lincoln Middle School

Public 6-8 • Assigned • 1.6mi

5/10

Poudre High School

Public 9-12 • Assigned • 2.1mi

5/10

Provided by GreatSchools

About Downtown Fort

Collins

Downtown Fort Collins, located between the Cache la Poudre River and Colorado State University, is a historic and walkable Fort Collins neighborhood with brick-lined streets and a plaza-centered street grid. The neighborhood’s character concentrates around the Old Town Square and Linden Street corridor, where patios, independent boutiques, coffee counters, and late-night music rooms cluster under string lights. The Armstrong Hotel anchors the district’s early-1900s streetscape, while the Museum of Discovery adds a modern cultural note. Odell Brewing Co. and New Belgium Brewing Company extend the scene toward the river with taprooms and outdoor gathering space. Restored storefronts, alleyways, and pocket parks shape a day-to-night rhythm that feels distinctly local.

Provided by Walk Score and Local Logic

Market insights

125 S Howes St · $1,895,000

DAYS ON MARKET

The average home goes pending in 45 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median list price in this area is $588,637. (69% lower than this home)

PRICE DROP

11% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Living

Interior features
Partial basement
No units furnished

Heating & cooling
Forced air heating

Sale and tax history for 125 S Howes St

Sale History
Tax History

Public record

Public record
Zoning
Permits

Beds

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Baths

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Stories

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Lot width

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Lot depth

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Lot size

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Year renovated

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Finished Sq. Ft.

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Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

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Style

Multi-Family (2-4 Unit)

County

Larimer County

APN

R1651628

Parking Spaces

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Basement

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Accessible

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HOA Dues

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Garage

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Features

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Last updated by owner on Jan 13, 2026.

Downtown District

The Downtown District is intended to provide a concentration of retail, civic, employment and cultural uses in addition to complementary uses such as hotels, entertainment, and housing, located along the backdrop of the Poudre River Corridor. It is divided into 9 subdistricts as depicted on Figure 18. The development standards for the Downtown District are intended to encourage a mix of activity in the area while providing for high quality development that maintains a sense of history, human scale, and pedestrian-oriented character.

Mar 7, 2022 • Final

Demolition

Demolish a dropped ceiling to expose mechanical, electrical, and plumbing systems for structural and architectural inspection.

Demolition

Sep 10, 2019 • Final

Commercial roofing

Roofing

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Historical weather

Fort Collins, CO • 80521

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

71/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

6.9 hrs

3.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 125 S Howes St

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $850,000 and $1,530,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $850K to $1.5M.

SOLD OCT 7, 2026
$1,100,000 Last sold price
7 beds4 baths3,414 sq ft
508 W Olive St, Fort Collins, CO 80521
$16/sq ft
smaller lot
52 years older
SOLD JUN 8, 2026
$1,530,000 Last sold price
8 beds11 baths4,357 sq ft
625 Peterson St, Fort Collins, CO 80524
$45/sq ft
smaller lot
47 years newer
SOLD AUG 7, 2026
$1,150,000 Last sold price
8 beds8 baths3,000 sq ft
223 W Myrtle St, Fort Collins, CO 80521
$77/sq ft
smaller lot
29 years newer
SOLD AUG 7, 2026
$1,100,000 Last sold price
8 beds8 baths3,000 sq ft
219 W Myrtle St, Fort Collins, CO 80521
$61/sq ft
smaller lot
29 years newer
SOLD SEP 29, 2026
$850,000 Last sold price
3 beds2 baths2,205 sq ft
703 W Mountain Ave, Fort Collins, CO 80521
$79/sq ft
smaller lot
72 years older
SOLD JUL 7, 2026
$1,272,000 Last sold price
7 beds5 baths3,321 sq ft
223 E Elizabeth St, Fort Collins, CO 80524
$77/sq ft
smaller lot
41 years older

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