Versatile Commercial Property in
123 S Cleveland Loveland, CO 80537
123 S Cleveland, Loveland, CO, 80537
$828,000
For Sale
$828,000
3,312 SF commercial property in a dynamic, walkable district.
Property Size3,312 SF
Lot Size0.16 Acres
Price / SF$250
Days on Market89
Property Features for 123 S Cleveland
General Information
- Standard status
- Active
- Size
- 3,312 SF
- Lot size
- 0.16 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1905
Listing agency
CBRE Inc
(970) 372-3853
Listed by
Annah Moore · License #CO40022278
(970) 372-3853
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:19PM Checked: Jul 21 at 8:36AM
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 CBRE Inc
Investment Insights
Based on property information with market context.
The property at 123 S. Cleveland Avenue is a 3,312 square foot commercial building situated on a 7,000 square foot lot. It features two overhead doors and ample rear parking, making it suitable for creative, marketing, office, or flex uses. Located on Cleveland Avenue, a visible and trafficked corridor in Loveland, Colorado, the property offers excellent street exposure and is near the Downtown Loveland District. The area is experiencing redevelopment led by the Downtown Development Authority, with projects focused on revitalizing infrastructure, enhancing aesthetics, and attracting new businesses. The location has a bike score of 51, indicating it is bikeable, and a walk score of 66, indicating it is somewhat walkable.
Key Highlights
- Prime location on Cleveland Avenue in Loveland's dynamic and walkable downtown district.
- Versatile 3,312 SF commercial property suitable for creative, marketing, office, or flex uses.
- Ample rear parking and two overhead doors.
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 | $67.2k | $20.28 |
| − Vacancy | −$4.6k | −$1.38 |
| EGI | $62.6k | $18.90 |
| − OpEx | −$15.6k | −$4.73 |
| NOI | $46.9k | $14.18 |
3,312 SF · lease $20.28/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$670.7K
$586.9K – $782.5K
NOI $46,950 @ 7.0% cap · market cap 5.67%
Second Best
Warehouse
$509.5K
$445.8K – $594.4K
NOI $35,663 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$889.0K
$777.9K – $1.04M
NOI $62,230 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Skinny Up!®
Weight Loss Service
Similar For Sale Nearby
Similar Off Market Nearby
- Loncheras Mexicanas En Loveland — Loveland, CO 80537
- Taste Catering — 526 Grant Ave, Loveland, CO 80537
- Catering Co at the Palladium — 126 W 6th St, Loveland, CO 80537
FAQs
What type of property is this?
Flex space - 3,312 SF commercial property in a dynamic, walkable district.
Where is this flex space located?
The property is located at 123 S Cleveland Loveland, CO.
What is the asking price?
The asking price for this property is $828,000.
What are key features of this property?
This property features: Prime location on Cleveland Avenue in Loveland's dynamic and walkable downtown district.; Versatile 3,312 SF commercial property suitable for creative, marketing, office, or flex uses.; Ample rear parking and two overhead doors.
