Two-Story Residential Income
For Sale
$451,300
4797 Degas Dr, Loveland, CO 80538
CONDOS - Loveland, CO
Property Size1,586 SF
Lot Size0.09 Acres
Price / SF$284.55
Days on Market99
Property Features for 4797 Degas Dr
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Zoning
res
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Laundry Room, Laundry Room, Basement, Bedroom 3, Bedroom 1, Bathroom 3, Dining Room, Bathroom 1, Bedroom 2, Bathroom 2
Parking features
Open
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Eat-in Kitchen, Open Floorplan, Pantry, Walk-In Closet(s), Washer/Dryer Hookup, Kitchen Island
Fencing
Fenced
Basement
Crawl Space
Appliances
Electric Range, Dishwasher, Microwave, Disposal, Fire Alarm
Subdivision
Wilson Commons
Lot features
Corner Lot, Paved, Curbs, Gutters, Sidewalks
Elementary school
Ponderosa
Middle school
Erwin, Lucile
High school
Loveland
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active
APN
R1682998
Size
1,586 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
HOA Fee
$89 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Amenities
central AC
smart phone compatible thermostat
tankless H20 heater
9ft walls on main
painted doors & trim
glass shower surround in master
active radon system
back patio
front yard landscape
back fence included
Class 4 roof standard
upper floor laundry
kitchen island
walk-in pantry
stainless appliances
Building Details
Year built
2026
Floors in Building
2
Building materials
Frame, Stone
Roof type
Composition
Listing Agency:
RE/MAX Alliance-FTC South · RE/MAX International
(970) 226-3990
Listed By:
Dennis Schick · License #40040924
(970) 567-3942
Added: May 8
Changed: Aug 12
Last Checked: Aug 14 at 10:06AM
MLS# 1058581
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.
This under-construction residential income property offers 1,586 square feet across two levels, with three bedrooms and 2.5 baths. The interior plan includes an eat-in kitchen with island, walk-in pantry, stainless appliances, open living areas, and an upper-floor laundry room. A one-car oversized garage with opener provides covered parking, while central air, forced-air heating, a tankless water heater, and a smart-compatible thermostat are included. Additional planned finishes include nine-foot main-level walls, painted doors and trim, a glass shower surround in the primary bath, and an active radon system.
Outdoor improvements include a back patio, fenced rear area, and front-yard landscaping. The home is planned for a 0.09-acre lot, with front landscaping maintained by the HOA. Public sewer service is provided, and the roof is specified as composition with a Class 4 rating. Completion is scheduled for September 2026.
Outdoor improvements include a back patio, fenced rear area, and front-yard landscaping. The home is planned for a 0.09-acre lot, with front landscaping maintained by the HOA. Public sewer service is provided, and the roof is specified as composition with a Class 4 rating. Completion is scheduled for September 2026.
Key Highlights
- 1,586‑square‑foot two‑story residence with 3 bedrooms and 2.5 baths
- 0.09‑acre lot with a premium corner‑lot designation
- Oversized 1‑car garage with opener
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
$15,095
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
3.34%
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%
$301,900
$301.9K
Cap Rate 7%
$215,643
$215.6K
Cap Rate 9%
$167,722
$167.7K
Market Conditions
NOI Build-Up for 1,586 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
$28.7K $18.12/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$27.4K $17.30/SF
− OpEx
−$12.4K −$7.79/SF
NOI
$15.1K $9.52/SF
Area
Larimer County, CO
Vacancy
4.50%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
45.00%
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%
$301,900
Cap Rate 7%
$215,643
Cap Rate 9%
$167,722
Alternative Uses
Best Use
Apartment 5plus
$215.6K
$188.7K – $251.6K
NOI $15,095 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.7K
$372.5K – $496.7K
NOI $29,800 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Under-construction residence with an open kitchen, attached garage, upper-level laundry, and private outdoor space.
Where is this residential income property located?
The property is located at 4797 Degas Dr Loveland, CO.
What is the asking price?
The asking price for this property is $451,300.
What are key features of this property?
This property features: 1,586‑square‑foot two‑story residence with 3 bedrooms and 2.5 baths; 0.09‑acre lot with a premium corner‑lot designation; Oversized 1‑car garage with opener
