Mountain Cabin Income
For Sale
$3,490,000
1110 W Highway 34, Loveland, CO 80537
Fifteen individual cabins on wooded acreage provide a distinct lodging-style rental setup with direct National Forest adjacency.
Property Size15,028 SF
Lot Size19.00 Acres
Days on Market99
Property Features for 1110 W Highway 34
General Information
Standard status
Active
Size
15,028 SF
Lot size
19.00 Acres
Property subtype
Multi Family
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
15
Taxes and HOA fees
Annual Taxes
$9,021
Building Details
Building Size
15,028 SF
Year Built
1929
Tenancy
Multi
Listing Agency:
Alpine Legacy
Listed By:
Seth Smith
(970) 310-9778
Source:
Elliman
Added: Jun 4
Changed: Aug 28
Last Checked: Sep 9 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alpine Legacy
Investment Insights
Based on property information with market context.
This property is a 15-unit cabin rental asset set across a heavily wooded, private landscape. The offering includes 15 individual cabin units positioned on approximately 19 acres, with the National Forest serving as a rear boundary. The layout supports separate cabin living while keeping the overall property contained within a natural setting.
Located on W. Highway 34 in west Loveland, the site is described as being positioned along the corridor between Loveland and Estes Park. The property is noted to have direct National Forest adjacency and no competing development in sight, which contributes to a secluded, mountain character setting. The remarks also state that the property maintains access to nearby high country destinations, including proximity to Rocky Mountain National Park and Estes Park.
For buyers or operators seeking a small, established income property with a differentiated residential-cabin configuration, the combination of 15 units, wooded acreage, and National Forest backing is central to the asset’s appeal. Its placement along Highway 34 provides practical vehicle-based accessibility for prospective tenants while the property’s natural adjacency is positioned as a key differentiator for maintaining interest in the lodging-style product.
Located on W. Highway 34 in west Loveland, the site is described as being positioned along the corridor between Loveland and Estes Park. The property is noted to have direct National Forest adjacency and no competing development in sight, which contributes to a secluded, mountain character setting. The remarks also state that the property maintains access to nearby high country destinations, including proximity to Rocky Mountain National Park and Estes Park.
For buyers or operators seeking a small, established income property with a differentiated residential-cabin configuration, the combination of 15 units, wooded acreage, and National Forest backing is central to the asset’s appeal. Its placement along Highway 34 provides practical vehicle-based accessibility for prospective tenants while the property’s natural adjacency is positioned as a key differentiator for maintaining interest in the lodging-style product.
Key Highlights
- 15 individual cabin units on approximately 19 acres in west Loveland
- Direct National Forest adjacency with the National Forest as the rear boundary
- Located on W. Highway 34 along the Loveland to Estes Park gateway corridor
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
$143,029
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
4.10%
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%
$2,860,580
$2.9M
Cap Rate 7%
$2,043,271
$2.0M
Cap Rate 9%
$1,589,211
$1.6M
Market Conditions
NOI Build-Up for 15,028 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
$272.3K $18.12/SF
− Vacancy
−$12.3K −$0.82/SF
EGI
$260.1K $17.30/SF
− OpEx
−$117.0K −$7.79/SF
NOI
$143.0K $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%
$2,860,580
Cap Rate 7%
$2,043,271
Cap Rate 9%
$1,589,211
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $143,029 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.03M
$3.53M – $4.71M
NOI $282,363 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
15
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 80537, CO
43,603
Population
20,314
Households
2.1
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
122.4 sq mi
ZIP Area
356
Density / Sq Mi
$83,746
Median Household Income
$44,448
Median Earnings
$1,630
Median Rent
$460,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fifteen individual cabins on wooded acreage provide a distinct lodging-style rental setup with direct National Forest adjacency.
Where is this apartment building located?
The property is located at 1110 W Highway 34 Loveland, CO.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: 15 individual cabin units on approximately 19 acres in west Loveland; Direct National Forest adjacency with the National Forest as the rear boundary; Located on W. Highway 34 along the Loveland to Estes Park gateway corridor
