Versatile Industrial and Office
For Sale
$3,050,000
599 W 71st, Loveland, CO 80538
14,130 SF industrial and office space in Loveland, CO.
Property Size14,130 SF
Lot Size1.64 Acres
Price / SF$215.85
Days on Market654
Property Features for 599 W 71st
General Information
Standard status
Active
Size
14,130 SF
Lot size
1.64 Acres
Property subtype
Commercial
Amenities
Central air
Metal Roof
Central Air Cooling
Forced Air Heating
Radiant Heating
Building Details
Year Built
2012
Listing Agency:
Cushman & Wakefield
(970) 776-3900
Listed By:
NATE HECKEL · License #FA.040037901
(970) 412-0225
Source:
Corcoran
Added: Nov 18, 2024
Changed: Sep 2
Last Checked: Sep 2 at 6:53PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
The property at 599 West 71st Street offers 14,130 square feet of industrial and office space. The expansive layout provides room for a variety of industrial processes and office configurations, making it suitable for companies looking to optimize their workspace. Its location ensures connectivity and accessibility, positioning businesses in a dynamic and thriving area.
Key Highlights
- 14,130 sq ft of versatile industrial and office space.
- Prime location offering excellent connectivity and accessibility.
- Ideal for businesses seeking a strategic base of operations.
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
$125,300
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
4.11%
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%
$2,506,000
$2.5M
Cap Rate 7%
$1,790,000
$1.8M
Cap Rate 9%
$1,392,222
$1.4M
Market Conditions
NOI Build-Up for 14,130 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
$195.8K $13.86/SF
− Vacancy
−$16.8K −$1.19/SF
EGI
$179.0K $12.67/SF
− OpEx
−$53.7K −$3.80/SF
NOI
$125.3K $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%
$2,506,000
Cap Rate 7%
$1,790,000
Cap Rate 9%
$1,392,222
Alternative Uses
Best Use
Industrial
$1.79M
$1.57M – $2.09M
NOI $125,300 @ 7.0% cap · market cap 4.11%
Second Best
Flex RnD
$1.66M
$1.45M – $1.94M
NOI $116,350 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$3.79M
$3.32M – $4.42M
NOI $265,490 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80538, CO
49,084
Population
21,923
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
480
Density / Sq Mi
$85,057
Median Household Income
$49,074
Median Earnings
$1,730
Median Rent
$472,200
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?
Flex space - 14,130 SF industrial and office space in Loveland, CO.
Where is this flex space located?
The property is located at 599 W 71st Loveland, CO.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: 14,130 sq ft of versatile industrial and office space.; Prime location offering excellent connectivity and accessibility.; Ideal for businesses seeking a strategic base of operations.
