Industrial Flex Warehouse
For Sale
$335,000
200 12th St, Loveland, CO 80537
Well-maintained flex suite includes heated warehouse space, an overhead door, and a finished office and reception area.
Property Size1,744 SF
Price / SF$192.09
Days on Market55
Property Features for 200 12th St
General Information
Standard status
Active
Size
1,744 SF
Total Parking Spaces
3
Property subtype
Business Opportunities
Taxes and HOA fees
Annual Taxes
$6,187
Amenities
Window Air Conditioning
3
I
Hill
Level
3539
Level.
Building Details
Year Built
2005
Listing Agency:
RE/MAX Alliance-FTC South
(970) 566-3516
Listed By:
Rhonda Heth · License #FA100006840
(970) 566-3516
Source:
Xome
Added: Jul 3
Changed: Aug 25
Last Checked: Aug 26 at 6:23AM
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 RE/MAX Alliance-FTC South
Investment Insights
Based on property information with market context.
This industrial-flex warehouse unit is well maintained and designed for a combined warehouse-and-office setup. The heated warehouse area features a sealed concrete floor and both 110V and 220V electrical service. Access includes a 14-foot overhead door, and the unit also includes a private restroom. In addition, there is approximately 600 square feet of finished space with a reception area and an upper-level office.
The property includes three unassigned common-area parking spaces. Bike and walk scores indicate it is car-dependent for daily needs.
Overall, the layout supports light industrial storage and service-oriented uses that benefit from having dedicated office space within the same unit.
The property includes three unassigned common-area parking spaces. Bike and walk scores indicate it is car-dependent for daily needs.
Overall, the layout supports light industrial storage and service-oriented uses that benefit from having dedicated office space within the same unit.
Key Highlights
- 2005‑built industrial‑flex unit with over 1,100 SF heated warehouse space and sealed concrete floor
- Includes 14‑foot overhead door plus 110V and 220V electrical service
- Private restroom included
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
$18,779
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
5.61%
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%
$375,580
$375.6K
Cap Rate 7%
$268,271
$268.3K
Cap Rate 9%
$208,656
$208.7K
Market Conditions
NOI Build-Up for 1,744 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
$24.2K $13.86/SF
− Vacancy
−$2.1K −$1.19/SF
EGI
$22.1K $12.67/SF
− OpEx
−$3.3K −$1.90/SF
NOI
$18.8K $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%
$375,580
Cap Rate 7%
$268,271
Cap Rate 9%
$208,656
Alternative Uses
Best Use
Warehouse
$268.3K
$234.7K – $313.0K
NOI $18,779 @ 7.0% cap · market cap 5.61%
Second Best
Industrial
$220.9K
$193.3K – $257.8K
NOI $15,465 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$468.1K
$409.6K – $546.1K
NOI $32,768 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
470
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained flex suite includes heated warehouse space, an overhead door, and a finished office and reception area.
Where is this flex space located?
The property is located at 200 12th St Loveland, CO.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 2005‑built industrial‑flex unit with over 1,100 SF heated warehouse space and sealed concrete floor; Includes 14‑foot overhead door plus 110V and 220V electrical service; Private restroom included
