Building Details

Year Built 2008

Listing Agency: Group Centerra Show Phone

Listed By: DEBBIE HANSEN Show Phone

Source: Corcoran

Added: Jan 7 Changed: Oct 8 Last Checked: Oct 23 at 4:21AM

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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 Group Centerra

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Investment Insights

Based on property information with market context.

This commercial building, located in Loveland, offers approximately 5,400 sq. ft. of space. The property is currently configured for physical rehabilitation and training. The building is in excellent condition, featuring modern finishes and a functional layout. It is currently leased to a stable tenant, providing rental income. The property is zoned Developing Business, making it suitable for a variety of professional users. The property sits on 0.91 acres and includes 36 parking spaces and 4 separate addresses. It offers both investment security and potential for future owner occupancy. The property is suitable for both investors and businesses seeking long-term operational space.

Key Highlights

• Prime Loveland location with strong visibility and accessibility.
• Just under 5,400 sq. ft. of well‑maintained space with modern finishes.
• Currently leased to a stable tenant providing immediate rental income.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,881

Cap Rate

4.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,557,620 $1.6M

Cap Rate 7%

$1,112,586 $1.1M

Cap Rate 9%

$865,344 $865.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$135.9K $25.17/SF

− Vacancy

−$6.1K −$1.13/SF

EGI

$129.8K $24.04/SF

− OpEx

−$51.9K −$9.61/SF

NOI

$77.9K $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 Rate 5%

$1,557,620

Cap Rate 7%

$1,112,586

Cap Rate 9%

$865,344

Alternative Uses

Best Use

Healthcare Medical

$1.11M

$973.5K – $1.30M (±1% cap)

NOI $77,881 @ 7.0% cap · market cap 4.87%

Second Best

Office B

$1.09M

$956.9K – $1.28M (±1% cap)

NOI $76,549 @ 7.0% cap · market cap 4.78%

Theoretical Best

Office A

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,461 @ 7.0% cap · market cap 6.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

One80 Physical Therapy Medical Clinic Hannah Payton Physician Dr. Rhett Polka Physician Tyler Shandra Physician Mind Body Innovations Gym & Fitness Center

Suggested Use

Top Pick Law Firm Grocery & Convenience Store Nail Salon Barber Shop (Bike/Boat/Book/etc) Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,162

Businesses Nearby

Under-served

Demand for This Use

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - High-quality commercial building in prime Loveland location.

Where is this medical office space located?

The property is located at 2175 E 11th Loveland, CO.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Prime Loveland location with strong visibility and accessibility.; Just under 5,400 sq. ft. of well‑maintained space with modern finishes.; Currently leased to a stable tenant providing immediate rental income.