Medical Office with X-Ray
For Sale
Contact for pricing
Pending
2984 Ginnala Dr, Loveland, CO 80538
Class A medical/dental office with four private offices, large exam area, x-ray room, labs, and shared parking.
Property Size2,909 SF
Days on Market496
Property Features for 2984 Ginnala Dr
General Information
Standard status
Pending
Size
2,909 SF
Class
Class A
Property subtype
OFFICE
Amenities
monument signage
Listing Agency:
Affinity Real Estate Partners, Inc.
(970) 663-3150
Listed By:
Joe Palieri
(970) 215-4713
Source:
Moodyscre
Added: May 12, 2025
Changed: Sep 6
Last Checked: Sep 19 at 10:09AM
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 Affinity Real Estate Partners, Inc.
Investment Insights
Based on property information with market context.
Medical Office Space offering a Class A medical/dental layout in a central Loveland setting. The interior includes four private offices, a large exam area, an x-ray room, two labs, a breakroom, a large reception area, and a file room. The space measures 2,909 SF.
Monument signage is available. The property provides abundant parking shared with other tenants.
There is a deed restriction that limits the office from being sold or leased to an orthodontic practice, which may affect prospective tenant fit.
Monument signage is available. The property provides abundant parking shared with other tenants.
There is a deed restriction that limits the office from being sold or leased to an orthodontic practice, which may affect prospective tenant fit.
Key Highlights
- 2,909 SF medical/dental office space
- Four private offices plus large reception and file room
- Large exam area and dedicated x‑ray room
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
$41,955
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
4.44%
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%
$839,100
$839.1K
Cap Rate 7%
$599,357
$599.4K
Cap Rate 9%
$466,167
$466.2K
Market Conditions
NOI Build-Up for 2,909 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
$73.2K $25.17/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$69.9K $24.04/SF
− OpEx
−$28.0K −$9.61/SF
NOI
$42.0K $14.42/SF
Area
Larimer County, CO
Vacancy
4.50%
Lease Rate
$25.17 /SF/Yr
Expense Ratio
40.00%
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%
$839,100
Cap Rate 7%
$599,357
Cap Rate 9%
$466,167
Alternative Uses
Best Use
Healthcare Medical
$599.4K
$524.4K – $699.3K
NOI $41,955 @ 7.0% cap · market cap 4.44%
Second Best
Office B
$589.1K
$515.5K – $687.3K
NOI $41,237 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$780.8K
$683.2K – $911.0K
NOI $54,658 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Doggie Dentals — 2400 N Lincoln Ave, Loveland, CO 80538
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Class A medical/dental office with four private offices, large exam area, x-ray room, labs, and shared parking.
Where is this medical office space located?
The property is located at 2984 Ginnala Dr Loveland, CO.
What is the asking price?
The asking price for this property is $945,425.
What are key features of this property?
This property features: 2,909 SF medical/dental office space; Four private offices plus large reception and file room; Large exam area and dedicated x‑ray room
