Manufacturing Facility with High-Bay
For Sale
$2,400,000
1215 S Grant Ave, Loveland, CO 80537
Commercial Sale, Loveland, CO
Property Size16,034 SF
Lot Size1.25 Acres
Price / SF$149.68
Days on Market168
Property Features for 1215 S Grant Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I
Subdivision
South Loveland Indust Park 2nd Sub
Lot features
Corner Lot, Level, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
Elementary school
Truscott
High school
Thompson Valley
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active
APN
R1499572
Lot size
1.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
51697
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Evaporative Cooling, Central Air
Amenities
conference space
Building Details
Year built
1996
Building materials
Metal Siding, Metal Frame
Roof type
Tar/Gravel
Listing Agency:
LC Real Estate Group, LLC
(970) 667-7000
Listed By:
Nathan Klein · License #40037632
(970) 667-7000
Added: Mar 10
Changed: Aug 19
Last Checked: Aug 24 at 7:06PM
MLS# 1053377
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 1996 manufacturing facility provides 16,034 square feet across an 11,000-square-foot main-floor footprint and 5,034 square feet of second-floor area. The interior includes a showroom, executive offices, reception, conference space, production areas, shipping and receiving, additional offices, flexible workspace, a storage mezzanine, and restrooms. The building is fully sprinklered and includes dust collection, robust air handling, ample electrical capacity, multiple HVAC units, and two permitted paint booths. Approximately 6,000 square feet can be opened for high-bay warehouse use, with additional drive-in loading doors.
The property occupies 1.25 acres at 1215 S Grant Ave in Loveland, Colorado. It has generous onsite parking, natural gas availability, public sewer, metal siding, a metal frame, and a tar-and-gravel roof. The site is currently owner-occupied by a fine woodworking manufacturer and has supported light industrial and manufacturing operations.
The property occupies 1.25 acres at 1215 S Grant Ave in Loveland, Colorado. It has generous onsite parking, natural gas availability, public sewer, metal siding, a metal frame, and a tar-and-gravel roof. The site is currently owner-occupied by a fine woodworking manufacturer and has supported light industrial and manufacturing operations.
Key Highlights
- 16,034 SF total building area: 11,000 sf footprint plus 5,034 sf of 2nd floor area
- 1.25‑acre industrial site at 1215 S Grant Ave, Loveland, CO 80537
- Approximately 6,000 SF can be opened for high‑bay warehouse use
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
$172,651
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
7.19%
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%
$3,453,020
$3.5M
Cap Rate 7%
$2,466,443
$2.5M
Cap Rate 9%
$1,918,344
$1.9M
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
−$30.5K −$1.90/SF
NOI
$172.7K $10.77/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
15.00%
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%
$3,453,020
Cap Rate 7%
$2,466,443
Cap Rate 9%
$1,918,344
Alternative Uses
Best Use
Warehouse
$2.47M
$2.16M – $2.88M
NOI $172,651 @ 7.0% cap · market cap 7.19%
Second Best
Industrial
$2.03M
$1.78M – $2.37M
NOI $142,184 @ 7.0% cap · market cap 5.92%
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
Lease Details
Yes
Sprinkler system
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Zoned I facility combines production areas, offices, showroom, shipping and receiving, and flexible upper-level space.
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 total building area: 11,000 sf footprint plus 5,034 sf of 2nd floor area; 1.25‑acre industrial site at 1215 S Grant Ave, Loveland, CO 80537; Approximately 6,000 SF can be opened for high‑bay warehouse use
