NNN Medical Office
New
For Sale
$338,000
2026 Blue Mesa Ct, Loveland, CO 80538
Leased medical-office unit with ADA access and an efficient layout near Banner McKee Medical Center.
Property Size1,366 SF
Price / SF$247.44
Days on Market5
Property Features for 2026 Blue Mesa Ct
General Information
Standard status
Active
Size
1,366 SF
Property subtype
Investment
Occupancy
100%
Net Operating Income
$24,216
Financials
Asking Price
$338,000
Cap Rate
7.17%
Amenities
ADA-accessible
Building Details
Year Built
1986
Tenancy
Single
Owner Occupied
No
Listing Agency:
Realtec Commercial Real Estate- Fort Collins
(970) 229-9900
Listed By:
Erik Broman · License #FA.100006880
(970) 229-9900
Source:
Elliman
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 5:12PM
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 Commercial Real Estate- Fort Collins
Investment Insights
Based on property information with market context.
This 1,366 SF medical and office condominium is located within the Blue Mesa Professional Building, constructed in 1986. The unit is ADA-accessible and arranged for clinical or professional office use. Bridge Health Clinic, a functional medicine practice, has occupied the space since 2021.
The property is leased on an NNN structure, with the current term extending through March 2031 following a 5-year renewal. Contractual rent escalations are set at 3% annually. The condo is positioned near Banner McKee Medical Center in Loveland, with a car-dependent setting reflected by a walkScore of 0 and a bikeScore of 40.
The property is leased on an NNN structure, with the current term extending through March 2031 following a 5-year renewal. Contractual rent escalations are set at 3% annually. The condo is positioned near Banner McKee Medical Center in Loveland, with a car-dependent setting reflected by a walkScore of 0 and a bikeScore of 40.
Key Highlights
- 1,366 SF medical/office condo in Blue Mesa Professional Building
- Leased to Bridge Health Clinic, a functional medicine practice in place since 2021
- NNN lease extended through March 2031 with a 5‑year renewal
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
$19,701
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
5.83%
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%
$394,020
$394.0K
Cap Rate 7%
$281,443
$281.4K
Cap Rate 9%
$218,900
$218.9K
Market Conditions
NOI Build-Up for 1,366 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
$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 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%
$394,020
Cap Rate 7%
$281,443
Cap Rate 9%
$218,900
Alternative Uses
Best Use
Healthcare Medical
$281.4K
$246.3K – $328.4K
NOI $19,701 @ 7.0% cap · market cap 5.83%
Second Best
Office B
$276.6K
$242.1K – $322.7K
NOI $19,364 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$366.7K
$320.8K – $427.8K
NOI $25,666 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,179
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Leased medical-office unit with ADA access and an efficient layout near Banner McKee Medical Center.
Where is this nnn property 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 condo in Blue Mesa Professional Building; Leased to Bridge Health Clinic, a functional medicine practice in place since 2021; NNN lease extended through March 2031 with a 5‑year renewal
