Sprinklered Industrial Flex
For Sale
Contact for pricing
151-177 S Madison Ave, Loveland, CO 80537
Open-concept industrial flex space with a large overhead door, sprinkler system, floor drain, and air-conditioned office area.
Property Size4,459 SF
Price / SF$156.76
Days on Market188
Property Features for 151-177 S Madison Ave
General Information
Standard status
Active
Size
4,459 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Heavy Power
Yes
Sprinkler System
Yes
Listing Agency:
Realtec Loveland
(970) 593-9900
Listed By:
Bruce Campbell · License #100041380
(970) 231-6824
Source:
Moodyscre
Added: Mar 9
Changed: Aug 14
Last Checked: Sep 12 at 5:46AM
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 industrial/flex building offers an open-concept shop/warehouse layout with a sprinklered interior. The property includes a large overhead door measuring 16’ wide by 12’ high, along with a floor drain and 240V three-phase power. Office space is provided with an open office area, a breakroom, and two bathrooms. The building is also air conditioned.
Located in central Loveland, the property is positioned for convenient local access. Seller leaseback may be possible on approximately 1,000+/- SF.
The combination of warehouse functionality, utility-ready service features, and enclosed office/bathroom space makes this property well-suited for users seeking a flexible industrial setup.
Located in central Loveland, the property is positioned for convenient local access. Seller leaseback may be possible on approximately 1,000+/- SF.
The combination of warehouse functionality, utility-ready service features, and enclosed office/bathroom space makes this property well-suited for users seeking a flexible industrial setup.
Key Highlights
- Open‑concept industrial/flex layout with a large shop/warehouse plus open office, two bathrooms, and breakroom
- 16'W x 12'H overhead door for flexible loading access
- Sprinklered space with a floor drain in the warehouse/shop area
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
Current Use
Lease Details
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Under-served
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 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 with a large overhead door, sprinkler system, floor drain, and air-conditioned office area.
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 layout with a large shop/warehouse plus open office, two bathrooms, and breakroom; 16'W x 12'H overhead door for flexible loading access; Sprinklered space with a floor drain in the warehouse/shop area
