Updated Retail or Office
For Sale
$585,000
215 E 7th, Loveland, CO 80537
3,572 SF retail or office space for sale/lease.
Property Size3,572 SF
Lot Size0.08 Acres
Price / SF$163.77
Days on Market390
Property Features for 215 E 7th
General Information
Standard status
Active
Size
3,572 SF
Lot size
0.08 Acres
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Forced Air Heating
Shingle Roof
Building Details
Year Built
1964
Listing Agency:
Realtec Commercial Real Estate Services of Loveland
(970) 593-9900
Listed By:
BRUCE CAMPBELL · License #100041380
Source:
Corcoran
Added: Jul 30, 2025
Changed: Aug 8
Last Checked: Jul 16 at 6:32AM
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 Services of Loveland
Investment Insights
Based on property information with market context.
This 3,572 square foot property is available for sale or lease. The space features exposed beams and includes two large private offices, a breakroom with a kitchenette, and large open workspaces suitable for collaboration or retail sales. Additionally, the total square footage includes 532 square feet of basement space. On-site parking is available. The property is located within walking distance of restaurants, breweries, bars, shops, and entertainment. Seller financing is available. The lease rate is $12 per square foot, with net expenses estimated at $5.50 per square foot.
Key Highlights
- Ideal location near restaurants, breweries, bars, shops, and entertainment.
- Updated 3,572 SF retail or office space with exposed beams.
- Seller financing available.
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
$50,636
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
8.66%
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%
$1,012,720
$1.0M
Cap Rate 7%
$723,371
$723.4K
Cap Rate 9%
$562,622
$562.6K
Market Conditions
NOI Build-Up for 3,572 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
$72.4K $20.28/SF
− Vacancy
−$4.9K −$1.38/SF
EGI
$67.5K $18.90/SF
− OpEx
−$16.9K −$4.73/SF
NOI
$50.6K $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%
$1,012,720
Cap Rate 7%
$723,371
Cap Rate 9%
$562,622
Alternative Uses
Best Use
Office B
$723.4K
$633.0K – $843.9K
NOI $50,636 @ 7.0% cap · market cap 8.66%
Second Best
Retail
$446.5K
$390.7K – $520.9K
NOI $31,253 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$958.8K
$838.9K – $1.12M
NOI $67,115 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,962
Businesses Nearby
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?
Office units - 3,572 SF retail or office space for sale/lease.
Where is this office units located?
The property is located at 215 E 7th Loveland, CO.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Ideal location near restaurants, breweries, bars, shops, and entertainment.; Updated 3,572 SF retail or office space with exposed beams.; Seller financing available.
