Cabin Rental Property with Forest
For Sale
Contact for pricing
1110 West U.S 34, Loveland, CO 80537
15-cabin income property set on a heavily wooded site with National Forest adjacency along a major corridor in Loveland.
Property Size15,028 SF
Lot Size19.00 Acres
Price / SF$232.23
Days on Market108
Property Features for 1110 West U.S 34
General Information
Standard status
Active
Size
15,028 SF
Class
C
Lot size
19.00 Acres
Property subtype
Multifamily
Zoning
Open
Additional Details
Business Included
Yes
Multifamily Units
15
Building Details
Year Built
1928
Buildings
14
Units
2
Listing Agency:
eXp Realty Colorado Springs
Listed By:
Seth Smith · License #040042610
Source:
Crexi
Added: Jun 4
Changed: Sep 14
Last Checked: Sep 18 at 8:32AM
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 eXp Realty Colorado Springs
Investment Insights
Based on property information with market context.
This established income property features 15 individual cabin units arranged across a heavily wooded, private landscape. The setting is defined by direct National Forest adjacency, with the National Forest serving as the rear boundary of the property. As described in the offering materials, the property is generating consistent monthly income.
Located on W. U.S. 34 in west Loveland, the cabins benefit from straightforward accessibility while maintaining a mountain character. The listing notes the property’s proximity to Rocky Mountain National Park and Estes Park, along with access to Loveland’s employment base and amenities.
For buyers seeking a differentiated multi-unit rental product, the combination of 15 established cabin units, a secluded wooded environment, and National Forest backing may appeal to tenants looking for a nature-oriented setting. The highway corridor positioning and nearby regional draw points can support year-round occupancy based on the property’s stated performance in the listing.
Located on W. U.S. 34 in west Loveland, the cabins benefit from straightforward accessibility while maintaining a mountain character. The listing notes the property’s proximity to Rocky Mountain National Park and Estes Park, along with access to Loveland’s employment base and amenities.
For buyers seeking a differentiated multi-unit rental product, the combination of 15 established cabin units, a secluded wooded environment, and National Forest backing may appeal to tenants looking for a nature-oriented setting. The highway corridor positioning and nearby regional draw points can support year-round occupancy based on the property’s stated performance in the listing.
Key Highlights
- 15‑cabin income property built in 1928 along W. Highway 34 in west Loveland.
- Approximately 19 acres with direct National Forest adjacency and National Forest as the rear boundary.
- 15 individual cabin units set across a heavily wooded, private landscape.
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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Current Use
Lease Details
15
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
47
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 15-cabin income property set on a heavily wooded site with National Forest adjacency along a major corridor in Loveland.
Where is this apartment building located?
The property is located at 1110 West U.S 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‑cabin income property built in 1928 along W. Highway 34 in west Loveland.; Approximately 19 acres with direct National Forest adjacency and National Forest as the rear boundary.; 15 individual cabin units set across a heavily wooded, private landscape.
