Remodeled Strip Mall with Showroom
1601-1609 N Lincoln Ave, Loveland, CO 80538
For Sale
Contact for pricing
Remodeled commercial center with showroom-oriented storefronts, overhead doors, and abundant parking.
Property Size12,060 SF
Lot Size1.05 Acres
Price / SF$174.13
Days on Market512
Property Features for 1601-1609 N Lincoln Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Building Details
Year Built
Year Renovated
Construction
Listing Agency:
LC Real Estate Group
(970) 667-7000
Listed By:
Rico Devlin · License #10005481
(970) 413-1182
Source:
Moodyscre
Added: Jun 16, 2025
Changed: Oct 26
Last Checked: Nov 8 at 8:29AM
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 LC Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-suite strip mall contains 12,060 SF on a 1.05-acre site comprising three parcels. The stucco and stone exterior includes large storefront windows and overhead doors along the north side, supporting showroom-oriented retail configurations. A 2019 renovation brought a new roof, HVAC system, façade, and interior improvements to the property, which was originally built in 1945.
Parking is provided on both the north and south sides of the property. The asset is zoned B – Developing Business and is located within a DDA district and Enterprise Zone. Eligible business tax credits and incentives may be available under the applicable program requirements.
Parking is provided on both the north and south sides of the property. The asset is zoned B – Developing Business and is located within a DDA district and Enterprise Zone. Eligible business tax credits and incentives may be available under the applicable program requirements.
Key Highlights
- 12,060 SF across three suites
- 1.05‑acre site spanning 3 parcels
- Fully remodeled in 2019 with new roof, HVAC, façade, and interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,518
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,110,360
$2.1M
Cap Rate 7%
$1,507,400
$1.5M
Cap Rate 9%
$1,172,422
$1.2M
Market Conditions
NOI Build-Up for 12,060 SF
Gross rent
$162.1K $13.44/SF
− Vacancy
−$11.3K −$0.94/SF
EGI
$150.7K $12.50/SF
− OpEx
−$45.2K −$3.75/SF
NOI
$105.5K $8.75/SF
Area
Larimer County, CO
Vacancy
7.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,110,360
Cap Rate 7%
$1,507,400
Cap Rate 9%
$1,172,422
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,518 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,597 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
764
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Remodeled commercial center with showroom-oriented storefronts, overhead doors, and abundant parking.
Where is this strip mall located?
The property is located at 1601-1609 N Lincoln Ave Loveland, CO.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 12,060 SF across three suites; 1.05‑acre site spanning 3 parcels; Fully remodeled in 2019 with new roof, HVAC, façade, and interiors
