Showroom Property with End-Cap
For Sale
$2,100,000
1601 N Lincoln Ave, Loveland, CO 80538
Commercial Sale, Loveland, CO
Property Size12,060 SF
Lot Size1.05 Acres
Price / SF$174.13
Days on Market451
Property Features for 1601 N Lincoln Ave
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B
Subdivision
North End Add
Lot features
Corner Lot, Level, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
Elementary school
Monroe
High school
Mountain View
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active
APN
R0374806
Lot size
1.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
49782
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1945
Building materials
Brick, Stone, Stucco, Metal Frame
Roof type
Tar/Gravel
Listing Agency:
LC Real Estate Group, LLC
(970) 667-7000
Listed By:
Jerico Devlin · License #100054831
(970) 413-1182
Added: Jun 1, 2025
Changed: Aug 19
Last Checked: Aug 25 at 12:06PM
MLS# 1038050
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.
Investment Insights
Based on property information with market context.
The showroom-oriented property contains 12,060 SF distributed among three suites on a 1.05-acre site comprising three parcels. The building combines brick, stone, stucco, and metal-frame construction with large display windows and overhead doors along the north side. Originally completed in 1945, it underwent a full remodel in 2019. Heating is provided by forced air, with central air conditioning, a tar/gravel roof, natural gas availability, and public sewer service.
Located at 1601 N Lincoln Ave in Loveland, Colorado, the property offers parking on both the north and south sides. B zoning and Enterprise Zone eligibility are also identified for the site, including potential access to applicable business tax credits and incentives.
Located at 1601 N Lincoln Ave in Loveland, Colorado, the property offers parking on both the north and south sides. B zoning and Enterprise Zone eligibility are also identified for the site, including potential access to applicable business tax credits and incentives.
Key Highlights
- 12,060 SF building arranged across three suites
- 1.05‑acre site spanning three parcels
- Full building remodel completed in 2019; originally built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,518
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,110,360
$2.1M
Cap Rate 7%
$1,507,400
$1.5M
Cap Rate 9%
$1,172,422
$1.2M
Market Conditions
NOI Build-Up for 12,060 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$162.1K $13.44/SF
− Vacancy
−$11.3K −$0.94/SF
EGI
$150.7K $12.50/SF
− OpEx
−$45.2K −$3.75/SF
NOI
$105.5K $8.75/SF
Area
Larimer County, CO
Vacancy
7.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,110,360
Cap Rate 7%
$1,507,400
Cap Rate 9%
$1,172,422
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,518 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,597 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80538, CO
49,084
Population
21,923
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
480
Density / Sq Mi
$85,057
Median Household Income
$49,074
Median Earnings
$1,730
Median Rent
$472,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- A Painters Touch — Loveland, CO 80538
Frequently Asked Questions
What type of property is this?
Showroom - Remodeled multi-suite commercial building with expansive glazing, overhead doors, and parking on both sides of the property.
Where is this showroom located?
The property is located at 1601 N Lincoln Ave Loveland, CO.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 12,060 SF building arranged across three suites; 1.05‑acre site spanning three parcels; Full building remodel completed in 2019; originally built in 1945
