Showroom Property With Overhead
For Sale
$2,100,000
1601 N Ave 1601 Lincoln Ave 1601, Loveland, CO 80538
Remodeled commercial property with flexible suite configuration, substantial parking, and prominent corner positioning in Loveland.
Property Size12,060 SF
Lot Size1.05 Acres
Price / SF$172.84
Days on Market437
Property Features for 1601 N Ave 1601 Lincoln Ave 1601
General Information
Standard status
Active
Size
12,060 SF
Lot size
1.05 Acres
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$49,782
Amenities
large windows
overhead doors
Central Air
3
B
Corner Lot.
Level
45738.0
Sidewalks, Gutters, Street Lights. Curbs Walk, Corner, City Road, US Highway, Level.
Building Details
Year Built
1945
Year Renovated
2019
Building Size
12,060 SF
Construction
stucco and stone storefront
Listing Agency:
LC Real Estate Group, LLC
(970) 413-1182
Listed By:
Jerico Devlin
(970) 413-1182
Source:
Xome
Added: May 30, 2025
Changed: Aug 9
Last Checked: Aug 9 at 1:34PM
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, LLC
Investment Insights
Based on property information with market context.
This Loveland commercial property combines a stucco-and-stone storefront with expansive windows and overhead doors along the north side. The building is arranged across three suites, including a 5,280 RSF end-cap unit, and received a full remodel in 2019. Central air is also in place.
Set on 1.05 acres across three parcels, the property provides parking on both the north and south sides. Its corner, level setting includes sidewalks, curbs, gutters, and street lighting, with access from a city road and US Highway. The property is located within an Enterprise Zone and may qualify for applicable business tax credits and incentives.
Set on 1.05 acres across three parcels, the property provides parking on both the north and south sides. Its corner, level setting includes sidewalks, curbs, gutters, and street lighting, with access from a city road and US Highway. The property is located within an Enterprise Zone and may qualify for applicable business tax credits and incentives.
Key Highlights
- 5,280 RSF end‑cap unit available
- 1.05‑acre site spanning 3 parcels
- Three‑suite building with full remodel completed in 2019
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
$106,306
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
5.06%
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%
$2,126,120
$2.1M
Cap Rate 7%
$1,518,657
$1.5M
Cap Rate 9%
$1,181,178
$1.2M
Market Conditions
NOI Build-Up for 12,150 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
$163.3K $13.44/SF
− Vacancy
−$11.4K −$0.94/SF
EGI
$151.9K $12.50/SF
− OpEx
−$45.6K −$3.75/SF
NOI
$106.3K $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%
$2,126,120
Cap Rate 7%
$1,518,657
Cap Rate 9%
$1,181,178
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,306 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $228,288 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Under-served
Demand for This Use
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?
Showroom - Remodeled commercial property with flexible suite configuration, substantial parking, and prominent corner positioning in Loveland.
Where is this showroom located?
The property is located at 1601 N Ave 1601 Lincoln Ave 1601 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: 5,280 RSF end‑cap unit available; 1.05‑acre site spanning 3 parcels; Three‑suite building with full remodel completed in 2019
