About 125 S Howes Street
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.
Features of 125 S Howes Street
| MLS® # | IR1066791 |
|---|---|
| Price | $1,895,000 |
| Square Footage | 6,200 |
| Acres | 2.93 |
| Year Built | 1970 |
| Type | Residential |
| Status | Active |
Community Information
| Address | 125 S Howes Street |
|---|---|
| Subdivision | Savings Bldg Condo |
| City | Fort Collins |
| County | Larimer |
| State | CO |
| Zip Code | 80521 |
Amenities
| Utilities | Natural Gas Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
| Stories | One |
Exterior
| Roof | Membrane |
|---|
School Information
| District | Poudre R-1 |
|---|---|
| Elementary | Dunn |
| Middle | Other |
| High | Poudre |
Additional Information
| Date Listed | August 19th, 2026 |
|---|---|
| Zoning | D |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 1 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | Realtec C.R.E.S., LLC |
|---|---|
| Contact Info | 9702299900 |