Professional Office Building Investment
2802 Madison Square Loveland, CO 80538
2802 Madison Square, Loveland, CO, 80538
$1,375,000
For Sale
$1,375,000
Stabilized office building in high-demand Loveland commercial corridor.
Property Size5,802 SF
Price / SF$236.99
Days on Market97
Property Features for 2802 Madison Square
General Information
- Standard status
- Active
- Size
- 5,802 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1991
Listing Agency
Kittle Real Estate
(970) 222-6452
Listed by
Travis Ackerman
(970) 222-6452
Source
Elliman
Added: Apr 15 Updated: Jul 10 at 12:47 pm Checked: Jul 19 at 6:45 am
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 Kittle Real Estate
Investment Insights
Based on property information with market context.
Located at 2802 Madison Square Drive in Loveland, CO, this professional office building presents a prime investment opportunity. The property has a total area of 5,802 square feet. The building is fully occupied by two established companies across three units, providing immediate cash flow. The current leases have three years remaining, offering short-term security in a high-demand commercial corridor.
Key Highlights
- Fully occupied professional office building providing immediate and reliable cash flow.
- Stabilized, low‑maintenance asset in a high‑demand commercial corridor of Loveland, CO.
- Three years remaining on current leases, offering short‑term security.
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 | $117.7k | $20.28 |
| − Vacancy | −$8.0k | −$1.38 |
| EGI | $109.7k | $18.90 |
| − OpEx | −$27.4k | −$4.73 |
| NOI | $82.2k | $14.18 |
5,802 SF · lease $20.28/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.17M
$1.03M – $1.37M
NOI $82,248 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,014 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Preferred Home Health
Home Health Care Service
Mueller Pye & Associates ...
Business Management Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Stabilized office building in high-demand Loveland commercial corridor.
Where is this office building located?
The property is located at 2802 Madison Square Loveland, CO.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Fully occupied professional office building providing immediate and reliable cash flow.; Stabilized, low‑maintenance asset in a high‑demand commercial corridor of Loveland, CO.; Three years remaining on current leases, offering short‑term security.
