Renovated Office Building with
For Sale
$5,400,000
4270 Dr 4270 Byrd Dr 4270, Loveland, CO 80538
Modern office building with advanced security and recent renovations.
Property Size13,636 SF
Price / SF$396.01
Days on Market522
Property Features for 4270 Dr 4270 Byrd Dr 4270
General Information
Standard status
Active
Size
13,636 SF
Property subtype
Office
Amenities
Central Air
3
I
Corner Lot.
Mountain
88584.0
Sidewalks, Gutters, Street Lights. Curbs Walk, Corner, Asphalt, Interstate Service Road, City Road.
Building Details
Year Built
2005
Listing Agency:
A. Stephen & Co. Inc.
(970) 631-5023
Listed By:
Stephen Robinson
(970) 631-5023
Source:
Xome
Added: Mar 23, 2025
Changed: Aug 25
Last Checked: Aug 25 at 5:00AM
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 A. Stephen & Co. Inc.
Investment Insights
Based on property information with market context.
Constructed in 2005 and recently renovated in 2023, this two-story office building features modern finishes and improvements. The renovations include sealing the parking lot, perimeter fencing, high-end security systems, new carpet, floors, paint, power glass doors, a sound system, parking lot hail covers, remodeled upper- and lower-level bathrooms, remodeled conference room, and a covered patio roof. Access to both floors is provided by a vestibule area at the northwest corner of the building, which is open to the second-floor ceiling and includes two single-user restrooms, a stairwell, and an elevator. The upper level contains 20 offices, a conference room, an employee lounge, and two multi-user restrooms. The lower office unit includes a reception area, an open office cubicle area, ten private offices, a break room, a conference room, and two multi-user restrooms. The property is equipped with advanced security features, including full fencing and facial and license plate recognition systems. Four hail-protection canopies offer all-season parking coverage. Arterial access is available from Crossroads Boulevard, with regional access from Interstate 25. Nearby businesses include Centerra Shopping Center, 2534 Crossroads, Medical Center of the Rockies, Northern Colorado Rehabilitation Hospital, Amazon distribution facility, and Northern Colorado Regional Airport.
Key Highlights
- Recently renovated in 2023 with modern finishes and improvements.
- Advanced security system with full perimeter fencing, facial and license plate recognition.
- All‑season parking coverage with hail‑protection canopies.
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
$193,300
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
3.58%
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%
$3,866,000
$3.9M
Cap Rate 7%
$2,761,429
$2.8M
Cap Rate 9%
$2,147,778
$2.1M
Market Conditions
NOI Build-Up for 13,636 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
$276.5K $20.28/SF
− Vacancy
−$18.8K −$1.38/SF
EGI
$257.7K $18.90/SF
− OpEx
−$64.4K −$4.73/SF
NOI
$193.3K $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%
$3,866,000
Cap Rate 7%
$2,761,429
Cap Rate 9%
$2,147,778
Alternative Uses
Best Use
Office B
$2.76M
$2.42M – $3.22M
NOI $193,300 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,208 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modern office building with advanced security and recent renovations.
Where is this office building located?
The property is located at 4270 Dr 4270 Byrd Dr 4270 Loveland, CO.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Recently renovated in 2023 with modern finishes and improvements.; Advanced security system with full perimeter fencing, facial and license plate recognition.; All‑season parking coverage with hail‑protection canopies.
