Versatile Manufacturing Property For
1215 S Grant Ave Loveland, CO 80537
For Sale
$2,400,000
16,034 SF manufacturing facility on 1.25 acres.
Property Size16,034 SF
Lot Size1.25 Acres
Price / SF$149.68
Days on Market76
Property Features for 1215 S Grant Ave
General Information
Standard status
Active
Size
16,034 SF
Lot size
1.25 Acres
Property subtype
Industrial
Building Details
Year Built
1996
Listing Agency:
LC Real Estate Group
(970) 413-1182
Listed By:
Jerico Devlin · License #40037632
(970) 413-1182
Source:
Elliman
Added: May 15
Changed: Jul 10
Last Checked: Jul 28 at 9:01AM
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 LC Real Estate Group
Investment Insights
Based on property information with market context.
This 16,034 square foot property, situated on a 1.25-acre lot, includes 5,034 square feet on the second floor. Designed to accommodate various manufacturing companies, the main floor features a showroom, executive offices, a reception area, conference space, manufacturing areas, and shipping/receiving facilities. The upper level provides additional offices, flex space, a storage mezzanine, and restrooms. The building has ample electrical capacity, several well-maintained HVAC units, and generous on-site parking. Historically, the site has supported light industrial and manufacturing functions. The interior is fully sprinklered, with a layout optimized for productivity and safety. It features an extensive dust collection and robust air handling system, along with two permitted paint booths. The property can open up to approximately 6,000 square feet of high bay warehouse space and additional drive-in loading doors for users needing higher clearance. The property is ideal for both owner-users and investors seeking a versatile, turnkey asset. The site is currently owner-occupied by a fine woodworking manufacturer, and the owner is willing to negotiate a favorable sale of any or all unattached equipment on site, presenting a turnkey woodworking shop opportunity. The bike score is 34, indicating it is somewhat bikeable, and the walk score is 2, indicating car-dependent accessibility.
Key Highlights
- 16,034 SF building on 1.25 acres, ideal for various manufacturing companies
- Versatile layout featuring a showroom, offices, and conference space, plus manufacturing areas, shipping/receiving, flex space, and storage
- Ample electrical capacity, well‑maintained HVAC, and generous on‑site parking
Financial Insights For Warehouse
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 | $222.2k | $13.86 |
| − Vacancy | −$19.1k | −$1.19 |
| EGI | $203.1k | $12.67 |
| − OpEx | −$30.5k | −$1.90 |
| NOI | $172.7k | $10.77 |
16,034 SF · lease $13.86/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.25M
$2.84M – $3.79M
NOI $227,293 @ 7.0% cap · market cap 9.47%
Second Best
Warehouse
$2.47M
$2.16M – $2.88M
NOI $172,651 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$4.30M
$3.77M – $5.02M
NOI $301,265 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - 16,034 SF manufacturing facility on 1.25 acres.
Where is this manufacturing property located?
The property is located at 1215 S Grant Ave Loveland, CO.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 16,034 SF building on 1.25 acres, ideal for various manufacturing companies; Versatile layout featuring a showroom, offices, and conference space, plus manufacturing areas, shipping/receiving, flex space, and storage; Ample electrical capacity, well‑maintained HVAC, and generous on‑site parking
