Loveland Industrial/Flex Space
For Sale
Contact for pricing
151-177 S Madison Ave, Loveland, CO
Open concept industrial/flex space in central Loveland location.
Property Size4,459 SF
Lot Size1.40 Acres
Price / SF$156.76
Days on Market275
Property Features for 151-177 S Madison Ave
General Information
Standard status
Active
Size
4,459 SF
Lot size
1.40 Acres
Property subtype
OFFICE
Properties For Sale
at 151-177 S Madison Ave Contact us- Floor
- 1
- Size
- 2,076 SF
- Type
- OFFICE
- Availability
- AVAILABLE, Now
- Sublease
- No
177 S Madison Ave
• Clean economical office space with convenient access to
downtown and I-25
•...
show more
Contact us
Listing Agency:
Realtec Loveland
(970) 231-5576
Listed By:
Patrick O'Donnell · License #100041380
(970) 231-5576
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 25 at 12:19PM
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
Investment Insights
Based on property information with market context.
This property offers an open concept industrial/flex space in a central Loveland location. The space includes an overhead door measuring 16 feet wide by 12 feet high, a floor drain, and 240v 3-phase power. It is equipped with air conditioning and a sprinkler system. The layout features an open office area, two bathrooms, a large shop/warehouse, and a breakroom. The property size is 4,459 square feet. A seller leaseback is possible on 1,000 or more square feet.
Key Highlights
- Open concept Industrial/Flex space with large shop/warehouse
- Central Loveland location
- 240v 3 phase power
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
$48,014
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
6.87%
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%
$960,280
$960.3K
Cap Rate 7%
$685,914
$685.9K
Cap Rate 9%
$533,489
$533.5K
Market Conditions
NOI Build-Up for 4,459 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
$61.8K $13.86/SF
− Vacancy
−$5.3K −$1.19/SF
EGI
$56.5K $12.67/SF
− OpEx
−$8.5K −$1.90/SF
NOI
$48.0K $10.77/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
15.00%
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%
$960,280
Cap Rate 7%
$685,914
Cap Rate 9%
$533,489
Alternative Uses
Best Use
Warehouse
$685.9K
$600.2K – $800.2K
NOI $48,014 @ 7.0% cap · market cap 6.87%
Second Best
Industrial
$564.9K
$494.3K – $659.0K
NOI $39,541 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,781 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gus' Commissary Kitchen — 167 S Madison Ave, Loveland, CO 80537
- Foothills Catering — 167 S Madison Ave, Loveland, CO 80537
- Wildflower Catering Company — 2415 Selenium Court, 167 S Madison Ave, Loveland, CO 80537
Frequently Asked Questions
What type of property is this?
Flex space - Open concept industrial/flex space in central Loveland location.
Where is this flex space located?
The property is located at 151-177 S Madison Ave Loveland, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Open concept Industrial/Flex space with **large shop/warehouse**; Central Loveland location; 240v 3 phase power
