Loveland Commercial Building For
For Sale
$1,600,000
2175 E 11th, Loveland, CO 80537
High-quality commercial building in prime Loveland location.
Property Size5,400 SF
Lot Size0.91 Acres
Price / SF$296.30
Days on Market242
Property Features for 2175 E 11th
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.91 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$31,618
Amenities
Central air
Central Air Cooling
Composition Roof
Forced Air Heating
Lawn Sprinkler System
Level Lot
Paved
Paved Parking
Building Details
Year Built
2008
Listing Agency:
Group Centerra
(970) 613-0700
Listed By:
DEBBIE HANSEN
(970) 377-4979
Source:
Corcoran
Added: Jan 7
Changed: Aug 21
Last Checked: Sep 5 at 7:44AM
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
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 = 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
$77,881
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
4.87%
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%
$1,557,620
$1.6M
Cap Rate 7%
$1,112,586
$1.1M
Cap Rate 9%
$865,344
$865.3K
Market Conditions
NOI Build-Up for 5,400 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
$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 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%
$1,557,620
Cap Rate 7%
$1,112,586
Cap Rate 9%
$865,344
Alternative Uses
Best Use
Healthcare Medical
$1.11M
$973.5K – $1.30M
NOI $77,881 @ 7.0% cap · market cap 4.87%
Second Best
Office B
$1.09M
$956.9K – $1.28M
NOI $76,549 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,461 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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.
