Loveland Office with Storage
For Sale
$450,000
217 12th SW #5, Loveland, CO 80537
Three-unit office building with main floor storage in Loveland, Colorado.
Property Size2,000 SF
Lot Size0.05 Acres
Price / SF$225
Days on Market285
Property Features for 217 12th SW #5
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,477
Amenities
Central air
Central Air Cooling
Composition Roof
Forced Air Heating
Building Details
Year Built
1979
Listing Agency:
Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins
(970) 226-5511
Listed By:
MARK VALDEZ · License #40040128
Source:
Corcoran
Added: Oct 30, 2025
Changed: Aug 8
Last Checked: Apr 5 at 9:15PM
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 Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins
Investment Insights
Based on property information with market context.
Located in Loveland, Colorado, this commercial property features a three-unit office building with approximately 2,000 sq. ft. of space. The property is suitable for small businesses, creative professionals, or service providers. The main level includes a storage or production area with convenient access, suitable for inventory, workshop use, equipment staging, or fulfillment operations. The office suites above offer a professional environment with natural light, private entrances, and adaptable layout options for team space, client meetings, or individual work areas. The property's configuration allows for work-live use, offering convenience in one setting. The location provides quick access to US-34, Downtown Loveland, and the greater Northern Colorado market. Off-street parking and customer visibility are available. The property offers value and flexibility in a dynamic market.
Key Highlights
- Versatile three‑unit office building with approximately 2,000 sq. ft.
- Main floor storage/production area with easy access.
- Work‑live potential (buyer to verify zoning).
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
$28,351
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
6.30%
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%
$567,020
$567.0K
Cap Rate 7%
$405,014
$405.0K
Cap Rate 9%
$315,011
$315.0K
Market Conditions
NOI Build-Up for 2,000 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
$40.6K $20.28/SF
− Vacancy
−$2.8K −$1.38/SF
EGI
$37.8K $18.90/SF
− OpEx
−$9.5K −$4.73/SF
NOI
$28.4K $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%
$567,020
Cap Rate 7%
$405,014
Cap Rate 9%
$315,011
Alternative Uses
Best Use
Office B
$405.0K
$354.4K – $472.5K
NOI $28,351 @ 7.0% cap · market cap 6.30%
Second Best
Warehouse
$307.7K
$269.2K – $358.9K
NOI $21,536 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$536.8K
$469.7K – $626.3K
NOI $37,578 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
470
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-unit office building with main floor storage in Loveland, Colorado.
Where is this mixed-use property located?
The property is located at 217 12th SW #5 Loveland, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Versatile three‑unit office building with approximately 2,000 sq. ft.; Main floor storage/production area with easy access.; Work‑live potential (buyer to verify zoning).
