Two-Office Suite with Private
For Sale
$150,000
1427 W St 1427 29th St 1427, Loveland, CO 80538
Second-floor office suite features two connected offices, each with a private entrance from a semi-private parking entry.
Property Size596 SF
Price / SF$251.68
Days on Market139
Property Features for 1427 W St 1427 29th St 1427
General Information
Standard status
Active
Size
596 SF
Property subtype
Office
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$2,822
Amenities
Central Air
3
B
2439.0
Asphalt.
Building Details
Year Built
1995
Listing Agency:
J. Co Real Estate
(970) 691-0752
Listed By:
Jena Martindale
(970) 691-0752
Source:
Xome
Added: Apr 10
Changed: Aug 25
Last Checked: Aug 26 at 5:24AM
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 J. Co Real Estate
Investment Insights
Based on property information with market context.
Second-floor office suite offering two connected offices, with each office having its own private entrance. The suite includes a semi-private entry accessed from the parking lot. Building amenities include a conference room, shared restrooms, and ample on-site parking.
HOA dues include building insurance, utilities (electric and gas), trash, common-area cleaning, exterior maintenance, and snow removal. The seller currently occupies the space and is open to selling or leasing both units.
HOA dues include building insurance, utilities (electric and gas), trash, common-area cleaning, exterior maintenance, and snow removal. The seller currently occupies the space and is open to selling or leasing both units.
Key Highlights
- Second‑floor office suite in a building built in 1995
- Two connected offices, each with its own private entrance
- Semi‑private entry from the parking lot for the suite
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
$8,449
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
5.63%
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%
$168,980
$169.0K
Cap Rate 7%
$120,700
$120.7K
Cap Rate 9%
$93,878
$93.9K
Market Conditions
NOI Build-Up for 596 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
$12.1K $20.28/SF
− Vacancy
−$822 −$1.38/SF
EGI
$11.3K $18.90/SF
− OpEx
−$2.8K −$4.73/SF
NOI
$8.4K $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%
$168,980
Cap Rate 7%
$120,700
Cap Rate 9%
$93,878
Alternative Uses
Best Use
Office B
$120.7K
$105.6K – $140.8K
NOI $8,449 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$160.0K
$140.0K – $186.6K
NOI $11,198 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office suite features two connected offices, each with a private entrance from a semi-private parking entry.
Where is this office units located?
The property is located at 1427 W St 1427 29th St 1427 Loveland, CO.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Second‑floor office suite in a building built in 1995; Two connected offices, each with its own private entrance; Semi‑private entry from the parking lot for the suite
