Versatile Manufacturing Property For
For Sale
$2,400,000
1215 S Grant Ave, Loveland, CO 80537
16,034 SF manufacturing facility on 1.25 acres.
Property Size16,034 SF
Lot Size1.25 Acres
Price / SF$149.68
Days on Market107
Property Features for 1215 S Grant Ave
General Information
Standard status
Active
Size
16,034 SF
Lot size
1.25 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$51,697
Building Details
Building Size
16,034 SF
Year Built
1996
Listing Agency:
LC Real Estate Group
(970) 413-1182
Listed By:
Jerico Devlin · License #40037632
(970) 413-1182
Source:
Elliman
Added: May 15
Changed: Aug 23
Last Checked: Aug 29 at 12:28PM
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 LC Real Estate Group
Investment Insights
Based on property information with market context.
This 16,034 square foot property, situated on a 1.25-acre lot, includes 5,034 square feet on the second floor. Designed to accommodate various manufacturing companies, the main floor features a showroom, executive offices, a reception area, conference space, manufacturing areas, and shipping/receiving facilities. The upper level provides additional offices, flex space, a storage mezzanine, and restrooms. The building has ample electrical capacity, several well-maintained HVAC units, and generous on-site parking. Historically, the site has supported light industrial and manufacturing functions. The interior is fully sprinklered, with a layout optimized for productivity and safety. It features an extensive dust collection and robust air handling system, along with two permitted paint booths. The property can open up to approximately 6,000 square feet of high bay warehouse space and additional drive-in loading doors for users needing higher clearance. The property is ideal for both owner-users and investors seeking a versatile, turnkey asset. The site is currently owner-occupied by a fine woodworking manufacturer, and the owner is willing to negotiate a favorable sale of any or all unattached equipment on site, presenting a turnkey woodworking shop opportunity. The bike score is 34, indicating it is somewhat bikeable, and the walk score is 2, indicating car-dependent accessibility.
Key Highlights
- 16,034 SF building on 1.25 acres, ideal for various manufacturing companies
- Versatile layout featuring a showroom, offices, and conference space, plus manufacturing areas, shipping/receiving, flex space, and storage
- Ample electrical capacity, well‑maintained HVAC, and generous on‑site parking
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
$142,184
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
5.92%
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%
$2,843,680
$2.8M
Cap Rate 7%
$2,031,200
$2.0M
Cap Rate 9%
$1,579,822
$1.6M
Market Conditions
NOI Build-Up for 16,034 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
$222.2K $13.86/SF
− Vacancy
−$19.1K −$1.19/SF
EGI
$203.1K $12.67/SF
− OpEx
−$60.9K −$3.80/SF
NOI
$142.2K $8.87/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
30.00%
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%
$2,843,680
Cap Rate 7%
$2,031,200
Cap Rate 9%
$1,579,822
Alternative Uses
Best Use
Industrial
$2.03M
$1.78M – $2.37M
NOI $142,184 @ 7.0% cap · market cap 5.92%
Second Best
Flex RnD
$1.89M
$1.65M – $2.20M
NOI $132,028 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$4.30M
$3.77M – $5.02M
NOI $301,265 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
460
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 16,034 SF manufacturing facility on 1.25 acres.
Where is this manufacturing property located?
The property is located at 1215 S Grant Ave Loveland, CO.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 16,034 SF building on 1.25 acres, ideal for various manufacturing companies; Versatile layout featuring a showroom, offices, and conference space, plus manufacturing areas, shipping/receiving, flex space, and storage; Ample electrical capacity, well‑maintained HVAC, and generous on‑site parking
