Remodeled Strip Mall with Showroom
For Sale
Contact for pricing
1601-1609 N Lincoln Ave, Loveland, CO 80538
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 Market420
Property Features for 1601-1609 N Lincoln Ave
General Information
Standard status
Active
Size
12,060 SF
Lot size
1.05 Acres
Property subtype
RETAIL
Zoning
B - Developing Business (DDA district)
Building Details
Year Built
1945
Year Renovated
2019
Construction
stucco and stone storefront
Listing Agency:
LC Real Estate Group
(970) 413-1182
Listed By:
Rico Devlin · License #40037632
(970) 413-1182
Source:
Moodyscre
Added: Jun 16, 2025
Changed: Aug 9
Last Checked: Aug 9 at 7:52AM
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
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 = 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
$105,518
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
5.02%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
500
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
Questions? Ask Rey
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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
