Loveland Warehouse/Office Condo For
For Sale
$400,000
217 12th St SW, Loveland, CO 80537
Creative warehouse/office condo in Loveland, CO, for sale or lease.
Property Size19,651 SF
Price / SF$174.98
Days on Market187
Property Features for 217 12th St SW
General Information
Standard status
Active
Size
19,651 SF
Property subtype
Industrial
Building Details
Building Size
19,651 SF
Year Built
1979
Listing Agency:
Waypoint Real Estate
Listed By:
Jackson Chunko · License #3415
(970) 213-5063
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 26 at 3:58PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$20,271
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,420
$405.4K
Cap Rate 7%
$289,586
$289.6K
Cap Rate 9%
$225,233
$225.2K
Market Conditions
NOI Build-Up for 2,286 SF
Gross rent
$31.7K $13.86/SF
− Vacancy
−$2.7K −$1.19/SF
EGI
$29.0K $12.67/SF
− OpEx
−$8.7K −$3.80/SF
NOI
$20.3K $8.87/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,420
Cap Rate 7%
$289,586
Cap Rate 9%
$225,233
Alternative Uses
Best Use
Industrial
$289.6K
$253.4K – $337.9K
NOI $20,271 @ 7.0% cap · market cap 5.07%
Second Best
Flex RnD
$268.9K
$235.3K – $313.7K
NOI $18,823 @ 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 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in West region
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 $400,000.
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.
