Two-Story Industrial Flex
1215 S Grant Ave Loveland, CO 80537
For Sale
Contact for pricing
Two-story metal-frame facility with three 14-by-14 grade-level doors, sprinkler protection, and mezzanine office or flex space.
Property Size16,034 SF
Lot Size1.25 Acres
Price / SF$149.68
Days on Market374
Property Features for 1215 S Grant Ave
General Information
Standard status
Active
Size
16,034 SF
Lot size
1.25 Acres
Property subtype
INDUSTRIAL
Listing Agency:
LC Real Estate Group
(970) 413-1182
Listed By:
Rico Devlin · License #40037632
(970) 413-1182
Source:
Moodyscre
Added: Jul 21, 2025
Changed: Jul 27
Last Checked: Jul 27 at 1:29AM
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 LC Real Estate Group
Investment Insights
Based on property information with market context.
This two-story industrial flex building totals 16,034 SF, including 11,000 SF on the main level and 5,034 SF on the upper level. The property is metal-frame construction built in 1996 and includes mezzanine office or flex space. Workshop clear height is 18 feet in the warehouse area, with the ability to increase to 18 feet in the workshop; the space is currently configured with a drop ceiling and dust collection. Loading is supported by three 14-by-14 grade-level drive-in doors. The building features a newly installed insulated roof with warranty (installed in 2022), multiple-zone refrigeration and forced-air HVAC, and is fully sprinklered (NFPA-13). Multiple restroom sets are located on both floors, including showers.
The site includes 1.25 acres with paved asphalt and landscaped areas, and provides 45 striped parking spaces including 2 ADA stalls. Zoning is Industrial (I) under the City of Loveland, and the property is located within an Opportunity Zone, offering potential tax incentives for qualified investments.
Power service is 800 A with potential to increase based on an adjacent transformer. The prior use included light manufacturing and a showroom facility.
The site includes 1.25 acres with paved asphalt and landscaped areas, and provides 45 striped parking spaces including 2 ADA stalls. Zoning is Industrial (I) under the City of Loveland, and the property is located within an Opportunity Zone, offering potential tax incentives for qualified investments.
Power service is 800 A with potential to increase based on an adjacent transformer. The prior use included light manufacturing and a showroom facility.
Key Highlights
- 16,034 SF two‑story metal‑frame facility (11,000 SF main + 5,034 SF upper) built in 1996
- 1.25‑acre paved asphalt lot with landscaped grounds and 45 striped parking spaces (including 2 ADA)
- Loading features three 14' x 14' grade‑level drive‑in doors plus mezzanine office/flex space
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $222.2k | $13.86 |
| − Vacancy | −$19.1k | −$1.19 |
| EGI | $203.1k | $12.67 |
| − OpEx | −$60.9k | −$3.80 |
| NOI | $142.2k | $8.87 |
16,034 SF · lease $13.86/SF/yr · vacancy 8.60% · expense 30.00%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Two-story metal-frame facility with three 14-by-14 grade-level doors, sprinkler protection, and mezzanine office or flex space.
Where is this flex space 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 two‑story metal‑frame facility (11,000 SF main + 5,034 SF upper) built in 1996; 1.25‑acre paved asphalt lot with landscaped grounds and 45 striped parking spaces (including 2 ADA); Loading features three 14' x 14' grade‑level drive‑in doors plus mezzanine office/flex space
