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    Historic Standalone Office Building Title is generated by Realmo AI

    1001 Cleveland Ave, Loveland, CO 80537

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    For Sale
    $295,000

    SINGLE_FAMILY - Loveland, CO

    Type:Office
    Lot size:
    0.11 Acres
    Added:
    Apr 25, 2025
    Days on Market:
    407
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 1001 Cleveland Ave

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    R3E
    Rooms
    Basement
    Basement
    Partial, Crawl Space
    Accessibility
    Accessible Approach with Ramp
    Appliances
    No Inclusions, Kitchenette, Break Room
    Standard status
    Active
    APN
    R0383490
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5577

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1915
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Timothy Anderson

    Listing agent Timothy Anderson

    Listing office C3 Real Estate Solutions, LLC 2720 Council Tree Ave, #178, Fort Collins, CO

    Listing date Apr 25, 2025

    MLS# 1032199 Listing URL

    Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 1915 frame structure with composition roof
    • Currently converted to an insurance agency office with 3 large offices, break room, and kitchenette
    • Forced‑air heating and central air with ceiling fans
    • Accessible approach with ramp
    • Public sewer and natural gas available; utilities connected
    • Includes basement space with some storage

    Overview

    Located at 1001 Cleveland Ave in Loveland, Colorado, this built-in-1915 property has been converted for office use and is currently operating as an insurance agency. The interior includes three large offices, along with a break room and kitchen area, plus additional storage in the basement. The building presents a standalone configuration, designed for an organization that wants its own premises.

    Zoned R3E, the property sits on a 0.11-acre lot. Public remarks note strong on-site parking and proximity to Old Town Loveland, supporting convenient day-to-day access for staff and clients.

    For tenants, this space is well suited to professional users such as insurance, financial advisory, legal, accounting, real estate, architecture, or other office-based operations that can make practical use of the existing office layout. While it is ready for continued office occupancy as-is, the remarks also indicate the home could potentially be converted back to residential use if desired. This is being offered for sale as the current owner has outgrown the space and is seeking a larger location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vicki Pitmon: Allstate ... Insurance Agency Corey Voggesser: Allstate ... Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Loveland
    County
    Larimer
    State
    Colorado
    Longitude
    -105.07472
    Latitude
    40.40247

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    FAQs

    What type of property is this?
    Office building - Built in 1915 and converted to an insurance office, offering three private offices, a break room, and kitchen space.
    Where is this office building located?
    The property is located at 1001 Cleveland Ave Loveland, CO.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Built in 1915 frame structure with composition roof; Currently converted to an insurance agency office with 3 large offices, break room, and kitchenette; Forced‑air heating and central air with ceiling fans
    (970) 430-7763
    We can help!
    Listing Contact
    Timothy Anderson
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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