Loveland Live-Work Redevelopment
For Sale
$719,000
1600 W 1st St, Loveland, CO 80537
3-acre property with office building, suitable for redevelopment or live/work.
Property Size2,257 SF
Lot Size2.91 Acres
Price / SF$318.56
Days on Market596
Property Features for 1600 W 1st St
General Information
Standard status
Active
Size
2,257 SF
Lot size
2.91 Acres
Listing Agency:
Yellow Dog Group Real Estate
(970) 405-9900
Listed By:
Stephen Jensen · License #ER.100045225
(970) 405-9900
Source:
Exprealty
Added: Jan 2, 2025
Changed: Aug 20
Last Checked: Aug 21 at 10:48AM
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 Yellow Dog Group Real Estate
Investment Insights
Based on property information with market context.
Located in Downtown Loveland, this property features a 2,257 square foot office building situated on 3 acres. The building, formerly a residence, includes a kitchen, restroom, laundry facilities, two offices or bedrooms, and two open spaces previously used for warehousing. Currently occupied and used as a business, the property is connected to city water and sewer. The site is located within flood plain boundaries. This property presents a redevelopment opportunity or a live/work scenario.
Key Highlights
- 3 Acres in Downtown Loveland: Large lot in a desirable location.
- 2257sf Office Building: Existing structure suitable for business or conversion.
- Redevelopment or Live/Work Potential: Flexible options for 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
$31,995
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
4.45%
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%
$639,900
$639.9K
Cap Rate 7%
$457,071
$457.1K
Cap Rate 9%
$355,500
$355.5K
Market Conditions
NOI Build-Up for 2,257 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
$45.8K $20.28/SF
− Vacancy
−$3.1K −$1.38/SF
EGI
$42.7K $18.90/SF
− OpEx
−$10.7K −$4.73/SF
NOI
$32.0K $14.18/SF
Area
Larimer County, CO
Vacancy
6.80%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
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%
$639,900
Cap Rate 7%
$457,071
Cap Rate 9%
$355,500
Alternative Uses
Best Use
Office B
$457.1K
$399.9K – $533.3K
NOI $31,995 @ 7.0% cap · market cap 4.45%
Second Best
Warehouse
$347.2K
$303.8K – $405.1K
NOI $24,303 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$605.8K
$530.1K – $706.8K
NOI $42,407 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
211
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 Office 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?
Live-work space - 3-acre property with office building, suitable for redevelopment or live/work.
Where is this live-work space located?
The property is located at 1600 W 1st St Loveland, CO.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: 3 Acres in Downtown Loveland: Large lot in a desirable location.; 2257sf Office Building: Existing structure suitable for business or conversion.; Redevelopment or Live/Work Potential: Flexible options for use.
