15-Unit Cabin Multifamily
For Sale
$3,490,000
1110 W Highway 34, Loveland, CO 80537
Residential, Loveland, CO
Property Size15,028 SF
Lot Size19.26 Acres
Price / SF$232.23
Days on Market97
Property Features for 1110 W Highway 34
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
O
Bedrooms
16
Bathrooms
16
Full bathrooms
17
Half bathrooms
1
Rooms
Bedroom 6, Bedroom 1, Bedroom 16, Bathroom 10, Bedroom 11, Bathroom 4, Bedroom 12, Bedroom 7, Bathroom 8, Bedroom 5, Bathroom 16, Bathroom 1, Bathroom 6, Bedroom 13, Bathroom 5, Bedroom 8, Bedroom 3, Bedroom 14, Bathroom 2, Bathroom 9, Bathroom 13, Bedroom 15, Bedroom 2, Bedroom 9, Bathroom 3, Bathroom 14, Bathroom 12, Bedroom 10, Bathroom 15, Bathroom 7, Bathroom 11, Bedroom 4
Patio and Porch features
Deck
Appliances
Electric Range, Refrigerator, Washer, Dryer, Microwave, Fire Alarm
Lot features
Evergreen Trees, Rolling Lot, Outbuildings
View
Water, Hills
Elementary school
Big Thompson
High school
Thompson Valley
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Directions
Head west on Highway 34 from Loveland. Property is on the south side of Highway 34 in the Big Thompson Canyon.
Subdivision
Loveland/Berthoud
Standard status
Active
APN
R0462357
Size
15,028 SF
Lot size
19.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9021
Utilities
Utilities
Propane
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1929
Floors in Building
2
Building materials
Log, Concrete
Roof type
Metal
Listing Agency:
eXp Realty - Estes Park
(970) 586-8300
Listed By:
Seth Smith
(970) 310-9778
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 8 at 1:06AM
MLS# 1060877
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 multifamily property includes 15 individual cabin units across 19.26 acres, with 15,028 square feet of total property size. The cabins are set within a wooded landscape and feature log and concrete construction, forced-air heating, decks, metal roofing, and individual appliances including ranges, refrigerators, washers, dryers, and microwaves. The property was built in 1929 and is served by propane and public sewer.
Located at 1110 W Highway 34 in Loveland, the property has direct adjacency to National Forest land, which forms the rear boundary. Its Highway 34 position provides access along the corridor connecting Loveland with Estes Park and the surrounding mountain area. Zoning is O.
Located at 1110 W Highway 34 in Loveland, the property has direct adjacency to National Forest land, which forms the rear boundary. Its Highway 34 position provides access along the corridor connecting Loveland with Estes Park and the surrounding mountain area. Zoning is O.
Key Highlights
- 15 individual cabin units across a 19.26‑acre property
- 15,028 square feet of total property size
- Direct National Forest adjacency with the forest forming the rear boundary
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
Property Profile
Current Use
Lease Details
15
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Wooded rental cabins with direct National Forest adjacency and Highway 34 access.
Where is this multifamily property 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 across a 19.26‑acre property; 15,028 square feet of total property size; Direct National Forest adjacency with the forest forming the rear boundary
