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.
For sale
$1,895,000
125 S Howes St, Fort Collins, CO 80521
--beds
--baths
6,200sqft
Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$306/sqft
$1/mo HOA
What's special
- 38 days
- 265
- 12
Zillow last checked:
Listing updated:
Listed by:
Erik Broman 970-229-9900,
Realtec C.R.E.S., LLC
Source: IRES as distributed by MLS GRID,MLS#: 1066791
Facts & features
Interior
Heating
- Forced Air
Features
- Basement: Partial
Interior area
- Total structure area: 6,200
- Total interior livable area: 6,200 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.93 Acres
Details
- Parcel number: R1035592
- Zoning: D
- Special conditions: Private Owner
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Rubber
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Water: City
- Utilities for property: Natural Gas Available
Community & HOA
Community
- Subdivision: Savings Bldg Condo
HOA
- Has HOA: Yes
- HOA fee: Has HOA fee
Location
- Region: Fort Collins
Financial & listing details
- Price per square foot: $306/sqft
- Date on market: 8/19/2026
- Tenant pays: Gas, Electricity, Water, Sewer, Taxes, Insurance, Interior Maintenance, Association Fees, Trash Collection, HVAC Maintenance, Parking Fee
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Price change | $1,895,000-5%$306/sqft |
Source:  IRES as distributed by MLS GRID #1066791 Report a problem | ||
| 1/13/2026 | Listed for sale | $1,995,000$322/sqft |
Source: IRES as distributed by MLS GRID #1049478 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Old Town West
Nearby schools
Schools provided by the listing agent
- Elementary: Dunn
- High: Poudre
Source: IRES as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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