Building Details

Year Built 1986

Tenancy Single

Listing Agency: Realtec C.R.E.S., LLC

Listed By: Erik Broman · License #FA.100006880 Show Phone

Source: Thestrohmangroup

Added: Aug 25 Changed: Oct 2 Last Checked: Oct 7 at 2:08PM

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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 Realtec C.R.E.S., LLC

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Investment Insights

Based on property information with market context.

This 1,366-square-foot medical office condominium is arranged around an efficient floorplan and includes ADA accessibility. The unit has been occupied by Bridge Health Clinic since 2021, supporting primary care and functional medicine services.

A renewed triple-net lease extends through March 2031 and includes 3% annual escalators. The property is situated within an office park serving medical and professional users, with proximity to Banner McKee Medical Center. The current practice provides direct-pay care spanning primary care, functional medicine, health programs, nutrition counseling, and regenerative medicine.

Key Highlights

• 1,366 SF medical office condominium
• Renewed triple‑net lease through March 2031
• 3% annual lease escalators

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,701

Cap Rate

5.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$394,020 $394.0K

Cap Rate 7%

$281,443 $281.4K

Cap Rate 9%

$218,900 $218.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,366 SF

Gross rent

$34.4K $25.17/SF

− Vacancy

−$1.5K −$1.13/SF

EGI

$32.8K $24.04/SF

− OpEx

−$13.1K −$9.61/SF

NOI

$19.7K $14.42/SF

Area

Larimer County, CO

Vacancy

4.50%

Lease Rate

$25.17 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$394,020

Cap Rate 7%

$281,443

Cap Rate 9%

$218,900

Alternative Uses

Best Use

Healthcare Medical

$281.4K

$246.3K – $328.4K (±1% cap)

NOI $19,701 @ 7.0% cap · market cap 5.83%

Second Best

Office B

$276.6K

$242.1K – $322.7K (±1% cap)

NOI $19,364 @ 7.0% cap · market cap 5.73%

Theoretical Best

Office A

$366.7K

$320.8K – $427.8K (±1% cap)

NOI $25,666 @ 7.0% cap · market cap 7.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dr. Krishna C. ... Physician Allergy & Asthma Clinic Medical Clinic Kailasam Vel MD Physician Dr. Loran T. ... Pediatrician ERIN K. WILLITS Physician

Suggested Use

Top Pick Restaurant Real Estate Agency Big Box & Wholesale Store Building Supply Law Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,179

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 Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Efficiently configured unit in a professional office park with an established medical occupant.

Where is this medical office space located?

The property is located at 2026 Blue Mesa Ct Loveland, CO.

What is the asking price?

The asking price for this property is $338,000.

What are key features of this property?

This property features: 1,366 SF medical office condominium; Renewed triple‑net lease through March 2031; 3% annual lease escalators