Flex Space with Office
For Sale
$350,000
200 12th St SW #126, Loveland, CO 80537
Heated warehouse component includes sealed concrete flooring, electrical service, and a private restroom.
Property Size1,744 SF
Days on Market29
Property Features for 200 12th St SW #126
General Information
Standard status
Active
Size
1,744 SF
Total Parking Spaces
3
Property subtype
Commercial
Zoning
I
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,187
Building Details
Building Size
1,744 SF
Year Built
2005
Listing Agency:
RE/MAX Alliance-FTC South
(970) 566-3516
Listed By:
Rhonda Heth · License #FA100006840
Source:
Bouldervalleyre
Added: Aug 1
Changed: Aug 28
Last Checked: Aug 29 at 10:17AM
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 2005 flex space combines warehouse and office functionality within a single unit at 200 12th St SW #126 in Loveland, Colorado. The warehouse portion provides over 1,100 square feet of heated space, a sealed concrete floor, 110V and 220V electrical service, a 14-foot overhead door, and a private restroom. Approximately 600 square feet of additional area includes a finished reception space and an upper-level office.
Three unassigned parking spaces are available in the common area. The configuration includes both industrial and finished office components, with the property information identifying potential applications such as contractor operations, service businesses, light industrial work, storage, showroom use, and personal storage for recreational vehicles, boats, or classic cars.
Three unassigned parking spaces are available in the common area. The configuration includes both industrial and finished office components, with the property information identifying potential applications such as contractor operations, service businesses, light industrial work, storage, showroom use, and personal storage for recreational vehicles, boats, or classic cars.
Key Highlights
- Over 1,100 square feet of heated warehouse space
- Approximately 600 square feet with finished reception area and upper‑level office
- 14‑foot overhead door with 110V and 220V electrical service
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
$24,722
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
7.06%
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%
$494,440
$494.4K
Cap Rate 7%
$353,171
$353.2K
Cap Rate 9%
$274,689
$274.7K
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
$35.4K $20.28/SF
− Vacancy
−$2.4K −$1.38/SF
EGI
$33.0K $18.90/SF
− OpEx
−$8.2K −$4.73/SF
NOI
$24.7K $14.18/SF
Area
Larimer County, CO
Vacancy
6.80%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
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%
$494,440
Cap Rate 7%
$353,171
Cap Rate 9%
$274,689
Alternative Uses
Best Use
Office B
$353.2K
$309.0K – $412.0K
NOI $24,722 @ 7.0% cap · market cap 7.06%
Second Best
Warehouse
$268.3K
$234.7K – $313.0K
NOI $18,779 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$468.1K
$409.6K – $546.1K
NOI $32,768 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Heated warehouse component includes sealed concrete flooring, electrical service, and a private restroom.
Where is this flex space located?
The property is located at 200 12th St SW #126 Loveland, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Over 1,100 square feet of heated warehouse space; Approximately 600 square feet with finished reception area and upper‑level office; 14‑foot overhead door with 110V and 220V electrical service
