Three-Building Downtown
For Sale
Contact for pricing
135 N Cleveland Ave, Loveland, CO 80537
Three-building live/work and income portfolio with Cleveland Avenue frontage and separate unit configurations.
Property Size4,180 SF
Price / SF$212.92
Days on Market195
Property Features for 135 N Cleveland Ave
General Information
Standard status
Active
Size
4,180 SF
Property subtype
Mixed Use, Multifamily, Office, Retail
Zoning
DT - Downtown
Investment Type
Value Add
Additional Details
Traffic Count
11,000 vehicles/day
Building Details
Buildings
3
Units
3
Listing Agency:
Realtec Loveland
Listed By:
Bruce Campbell · License #CO 100041380
(970) 593-9900
Source:
Crexi
Added: Apr 16
Changed: Oct 25
Last Checked: Oct 26 at 4:28PM
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 Realtec Loveland
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Investment Insights
Based on property information with market context.
This three-building downtown portfolio offers a live/work setup and multiple income-stream options. The former retail building at the corner of 1st Street and Cleveland Avenue is currently configured as a residence. An additional open shop space provides flexibility for a range of uses. A single-family home on the property is currently split into two units, with separate ground-level and lower-level accommodations.
The property features frontage on Cleveland Avenue from 1st Street to 2nd Street, placing it on corner locations and along a high-visibility corridor. The public remarks note traffic counts exceeding 11,000 vehicles per day, and the portfolio is directly across from Townplace Suites by Marriott.
With newer roofs reported for reduced near-term capital expenses, the offering combines multiple structures and configurations within a concentrated downtown setting.
The property features frontage on Cleveland Avenue from 1st Street to 2nd Street, placing it on corner locations and along a high-visibility corridor. The public remarks note traffic counts exceeding 11,000 vehicles per day, and the portfolio is directly across from Townplace Suites by Marriott.
With newer roofs reported for reduced near-term capital expenses, the offering combines multiple structures and configurations within a concentrated downtown setting.
Key Highlights
- Three‑building live/work and income portfolio built in 1928 with Cleveland Avenue frontage from 1st Street to 2nd Street
- Includes corner property at 1st Street & Cleveland Avenue, currently configured as a residence
- Flexible open shop space within the portfolio with potential for a variety of uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,255
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,100
$1.2M
Cap Rate 7%
$846,500
$846.5K
Cap Rate 9%
$658,389
$658.4K
Market Conditions
NOI Build-Up for 4,180 SF
Gross rent
$84.8K $20.28/SF
− Vacancy
−$5.8K −$1.38/SF
EGI
$79.0K $18.90/SF
− OpEx
−$19.8K −$4.73/SF
NOI
$59.3K $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 Rate 5%
$1,185,100
Cap Rate 7%
$846,500
Cap Rate 9%
$658,389
Alternative Uses
Best Use
Office B
$846.5K
$740.7K – $987.6K
NOI $59,255 @ 7.0% cap · market cap 6.66%
Second Best
Multifamily LT 5
$614.6K
$537.8K – $717.1K
NOI $43,024 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$1.12M
$981.7K – $1.31M
NOI $78,539 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
11,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Three-building live/work and income portfolio with Cleveland Avenue frontage and separate unit configurations.
Where is this live-work space located?
The property is located at 135 N Cleveland Ave Loveland, CO.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Three‑building live/work and income portfolio built in 1928 with Cleveland Avenue frontage from 1st Street to 2nd Street; Includes corner property at 1st Street & Cleveland Avenue, currently configured as a residence; Flexible open shop space within the portfolio with potential for a variety of uses
