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Property profile & analytics
FOR SALE
Office buildings

2881 N Monroe Ave Loveland, CO 80538

2,660 SF 0.39 ac lot Built 1987
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US13-1138302
Property summary
AI-generated overview

This exceptional 5,140 square foot commercial building in Loveland, Colorado, presents a unique investment opportunity. Situated on a 0.39-acre lot at 2881 N Monroe Ave, the property boasts a highly desirable location. The building's versatile layout is easily divisible into four distinct areas, each with its own private entrance, offering flexibility for multiple tenants or a single large operation. The upper level features an attractive lobby, eleven individual offices or conference rooms, and a spacious open work area, ideal for collaborative work environments. The lower level provides a blend of private offices and open areas perfect for large meetings or events. A dedicated conference room, previously utilized as a law library, adds further functionality. The building includes a vertical people lift, ensuring accessibility for all. Ample parking is provided with twenty designated spaces. The current owners are open to leasing back approximately half of the lower level, providing a potential income stream for the new owner. This property is priced at $785,000 and offers significant potential for growth and return on investment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction WOOD FRAME
Total area 2,660 SF
Lot 0.39 ac (16,988 SF)
APN 95122-25-003
UPID US13-1138302
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Williams Randy L Law Firm
  • Clark, Williams, Matsunaka, LLC Law Firm
  • Hopkins Law LLC Law Firm
  • Clark Roger E Law Firm
  • Law Offices of Dianne Sawaya LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$620k
Comparable Approach Comparable
$425k
Blend (final) Blend
$520k
Owner & transaction history
2881 LLC · 7 yrs held
2881 LLC
since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $820,000 +41.6%
Auto repair, garage $695,000 +20.0%
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More about this property
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