Flex Warehouse with Multiple Overhead
For Sale
Contact for pricing
1531 East 11th Street, Loveland, CO 80537
Open parking and flexible warehouse space with three overhead doors suited for practical owner-user use.
Property Size21,000 SF
Price / SF$200
Days on Market59
Property Features for 1531 East 11th Street
General Information
Standard status
Active
Size
21,000 SF
Class
C
Property subtype
Retail, Industrial
Zoning
Industrial
Lease Type
NNN
Additional Details
Drive-In Doors
12
Building Details
Year Built
1986
Buildings
1
Tenancy
Single
Listing Agency:
Doberstein Lemburg Commercial, Inc.
(970) 213-9295
Listed By:
Leah Szantho · License #100104549
Source:
Crexi
Added: Jun 14
Changed: Aug 8
Last Checked: Aug 8 at 7:56AM
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 Doberstein Lemburg Commercial, Inc.
Investment Insights
Based on property information with market context.
This flex warehouse property offers a large, open configuration with an extensive parking lot designed to support day-to-day operations. The building includes three overhead doors, with one door sized at 14' x 12' and two additional doors sized at 12' x 10', providing workable access for deliveries and storage. The overall setup supports an owner-user looking for functional space with straightforward loading capabilities.
The property is located at 1531 East 11th Street in Loveland, CO 80537. A substantial on-site parking area provides room for vehicle staging and customer or employee parking as needed. The site’s open layout is particularly useful for tenants or operators who require flexibility around vehicle movement and daily access.
For buyers considering an owner-user arrangement, the combination of flexible warehouse space, multiple overhead doors, and ample parking supports a range of light industrial and distribution-oriented uses. The seller has indicated financing and joint venture options may be available as part of the transaction, and the offering is presented as an opportunity for an owner-operator to take control of their space and operational flow.
The property is located at 1531 East 11th Street in Loveland, CO 80537. A substantial on-site parking area provides room for vehicle staging and customer or employee parking as needed. The site’s open layout is particularly useful for tenants or operators who require flexibility around vehicle movement and daily access.
For buyers considering an owner-user arrangement, the combination of flexible warehouse space, multiple overhead doors, and ample parking supports a range of light industrial and distribution-oriented uses. The seller has indicated financing and joint venture options may be available as part of the transaction, and the offering is presented as an opportunity for an owner-operator to take control of their space and operational flow.
Key Highlights
- Built in 1986
- Large open parking lot with ample space
- Warehouse includes three overhead doors: ten 14' x 12' doors and two 12' x 10' doors
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
$226,125
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
5.38%
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%
$4,522,500
$4.5M
Cap Rate 7%
$3,230,357
$3.2M
Cap Rate 9%
$2,512,500
$2.5M
Market Conditions
NOI Build-Up for 21,000 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
$291.1K $13.86/SF
− Vacancy
−$25.0K −$1.19/SF
EGI
$266.0K $12.67/SF
− OpEx
−$39.9K −$1.90/SF
NOI
$226.1K $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%
$4,522,500
Cap Rate 7%
$3,230,357
Cap Rate 9%
$2,512,500
Alternative Uses
Best Use
Warehouse
$3.23M
$2.83M – $3.77M
NOI $226,125 @ 7.0% cap · market cap 5.38%
Second Best
Industrial
$2.66M
$2.33M – $3.10M
NOI $186,220 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$5.64M
$4.93M – $6.58M
NOI $394,572 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,228
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 Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- U-Store Colorado — 2389 E 9th St, Loveland, CO 80537
- E-Z Self Storage — 1220 Monroe Ave, Loveland, CO 80537
- Storage Solutions - Cheap Self Storage Near You — 1417 Cheyenne Ave, Loveland, CO 80538
- Extra Space Storage — 1248 Gorom Ave, Loveland, CO 80537
Frequently Asked Questions
What type of property is this?
Warehouse - Open parking and flexible warehouse space with three overhead doors suited for practical owner-user use.
Where is this warehouse located?
The property is located at 1531 East 11th Street Loveland, CO.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Built in 1986; Large open parking lot with ample space; Warehouse includes three overhead doors: ten 14' x 12' doors and two 12' x 10' doors
