Loveland Live-Work Redevelopment
1600 W 1st St Loveland, CO 80537
1600 W 1st St, Loveland, CO, 80537
$719,000
For Sale
$719,000
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 Market566
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 Updated: Jul 6 at 9:58AM Checked: Jul 22 at 12:42AM
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.
Local Financial Insights For Office B
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 | $45.8k | $20.28 |
| − Vacancy | −$3.1k | −$1.38 |
| EGI | $42.7k | $18.90 |
| − OpEx | −$10.7k | −$4.73 |
| NOI | $32.0k | $14.18 |
2,257 SF · lease $20.28/SF/yr · vacancy 6.80% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Financial Strategies-Colorado
Financial Advisor
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FAQs
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.
