Loveland Warehouse/Office Condo For
217 12th St SW Loveland, CO 80537
For Sale
$430,000
Creative warehouse/office condo in Loveland, CO, for sale or lease.
Property Size2,286 SF
Price / SF$188.10
Days on Market97
Property Features for 217 12th St SW
General Information
Standard status
Active
Size
2,286 SF
Property subtype
Industrial
Building Details
Year Built
1979
Listing Agency:
Waypoint Real Estate
(970) 213-5063
Listed By:
Jackson Chunko
(970) 213-5063
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 1:40PM
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 Waypoint Real Estate
Investment Insights
Based on property information with market context.
Available for sale or lease is a 2,286 square foot creative warehouse/office condo in Loveland, Colorado. The property features a two-story layout with warehouse space on the first floor and office areas on both levels. The first floor includes an open work area, a warehouse, a kitchenette, two bathrooms, and storage, with a main entrance and rear exit. The second floor features multiple private offices, an open work area open to below, utility storage, and a shower, making it well-suited for a variety of office configurations. Building signage is available on the door, and there is on-site parking along 12th Street. Approximately 70% of the property is office build-out within a creative warehouse/condo setting. The property is zoned Developing Industrial (I) in Loveland. The location has a walk score of 2, indicating it is car-dependent, and a bike score of 34, indicating it is somewhat bikeable. The intended use of the property is for creative warehouse and office purposes.
Key Highlights
- Flexible Use: Suitable for sale or lease, accommodating warehouse and office needs.
- Creative Space: 2,286 SF condo in a creative warehouse/office setting.
- Two‑Story Layout: Features warehouse space on the first floor and office areas on both levels.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $13.86 |
| − Vacancy | −$2.7k | −$1.19 |
| EGI | $29.0k | $12.67 |
| − OpEx | −$4.3k | −$1.90 |
| NOI | $24.6k | $10.77 |
2,286 SF · lease $13.86/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$351.6K
$307.7K – $410.3K
NOI $24,615 @ 7.0% cap · market cap 5.72%
Second Best
Industrial
$289.6K
$253.4K – $337.9K
NOI $20,271 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$613.6K
$536.9K – $715.9K
NOI $42,952 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Creative warehouse/office condo in Loveland, CO, for sale or lease.
Where is this flex space located?
The property is located at 217 12th St SW Loveland, CO.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Flexible Use: Suitable for sale or lease, accommodating warehouse and office needs.; Creative Space: 2,286 SF condo in a creative warehouse/office setting.; Two‑Story Layout: Features warehouse space on the first floor and office areas on both levels.
