Remodeled Flex Space with
For Sale
Contact for pricing
1319-1399 S Garfield Ave, Loveland, CO 80537
Combined office and warehouse condo with multiple access points, drive-in loading, and a finished mezzanine.
Property Size3,816 SF
Price / SF$158.54
Days on Market407
Property Features for 1319-1399 S Garfield Ave
General Information
Standard status
Active
Size
3,816 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Drive-In Doors
2
Three-Phase Power
Yes
Additional Details
Office Units
1
Amenities
attractive landscaping
monument signage
Listing Agency:
LC Real Estate Group
(970) 413-1182
Listed By:
Rico Devlin · License #40037632
(970) 413-1182
Source:
Moodyscre
Added: Jul 21, 2025
Changed: Aug 29
Last Checked: Aug 29 at 11:25PM
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 3,816-square-foot flex space combines office, showroom, and warehouse areas within a remodeled two-unit condominium. The interior includes a reception area, open office, finished mezzanine, and warehouse space arranged around multiple entries and drive-in loading. Two 12-foot-by-14-foot overhead doors support access for larger vehicles and equipment, while two 200 Amp, 3 Phase electrical panels serve the property.
The property is located at 1319-1399 S Garfield Ave in Loveland, with access to CO Highway 402, US Highway 287, and I-25. The maintained complex includes landscaping and monument signage available along SW 14th Street and CO Highway 402. Thompson Valley Town Center and downtown Loveland restaurants, retail, grocery, and banking services are nearby.
The property is located at 1319-1399 S Garfield Ave in Loveland, with access to CO Highway 402, US Highway 287, and I-25. The maintained complex includes landscaping and monument signage available along SW 14th Street and CO Highway 402. Thompson Valley Town Center and downtown Loveland restaurants, retail, grocery, and banking services are nearby.
Key Highlights
- 3,816‑square‑foot remodeled flex space combining office, showroom, mezzanine, and warehouse areas
- Two 12’x14’ overhead doors with drive‑in loading
- Two 200 Amp, 3 Phase electrical panels
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
$54,095
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
8.94%
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%
$1,081,900
$1.1M
Cap Rate 7%
$772,786
$772.8K
Cap Rate 9%
$601,056
$601.1K
Market Conditions
NOI Build-Up for 3,816 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
$77.4K $20.28/SF
− Vacancy
−$5.3K −$1.38/SF
EGI
$72.1K $18.90/SF
− OpEx
−$18.0K −$4.73/SF
NOI
$54.1K $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%
$1,081,900
Cap Rate 7%
$772,786
Cap Rate 9%
$601,056
Alternative Uses
Best Use
Office B
$772.8K
$676.2K – $901.6K
NOI $54,095 @ 7.0% cap · market cap 8.94%
Second Best
Warehouse
$587.0K
$513.6K – $684.8K
NOI $41,090 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.02M
$896.2K – $1.19M
NOI $71,699 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
1
Office units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80537, CO
43,603
Population
20,314
Households
2.1
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
122.4 sq mi
ZIP Area
356
Density / Sq Mi
$83,746
Median Household Income
$44,448
Median Earnings
$1,630
Median Rent
$460,100
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?
Flex space - Combined office and warehouse condo with multiple access points, drive-in loading, and a finished mezzanine.
Where is this flex space located?
The property is located at 1319-1399 S Garfield Ave Loveland, CO.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: 3,816‑square‑foot remodeled flex space combining office, showroom, mezzanine, and warehouse areas; Two 12’x14’ overhead doors with drive‑in loading; Two 200 Amp, 3 Phase electrical panels
