Creative Warehouse-Office
For Sale
Contact for pricing
229 SW 12th St, Loveland, CO 80537
Two-story creative warehouse-office condo with office space on both levels and dedicated entrance and rear exit.
Property Size2,286 SF
Price / SF$174.98
Days on Market193
Property Features for 229 SW 12th St
General Information
Standard status
Active
Size
2,286 SF
Class
B
Property subtype
Office, Industrial
Zoning
(I) Developing Industrial
Lease Type
NNN
Building Details
Year Built
1979
Year Renovated
1991
Buildings
1
Stories
2
Listing Agency:
Waypoint Real Estate
Listed By:
Jack Chunko · License #CO 100101170
(970) 213-5063
Source:
Crexi
Added: Apr 14
Changed: Oct 17
Last Checked: Oct 20 at 6:36PM
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 lease or sale, this 2,286 SF creative warehouse-office condo offers a two-story layout designed for mixed workspace needs. The first floor includes an open work area, warehouse, kitchenette, two bathrooms, and storage, with a main entrance and a rear exit. The second floor features multiple private offices, an open work area open to below, utility storage, and a shower.
The building has signage available on the door and includes on-site parking along 12th Street. The property is zoned Developing Industrial (I) in Loveland.
With approximately 70% office build-out within the warehouse/office condo setting, the space is well-suited to configurations that combine manufacturing, storage, and office functions under one roof.
The building has signage available on the door and includes on-site parking along 12th Street. The property is zoned Developing Industrial (I) in Loveland.
With approximately 70% office build-out within the warehouse/office condo setting, the space is well-suited to configurations that combine manufacturing, storage, and office functions under one roof.
Key Highlights
- 2,286 SF two‑story creative warehouse‑office condo with office areas on both levels
- 1979 build with warehouse space on the first floor and office space on both levels
- First floor includes open work area, warehouse, kitchenette, 2 bathrooms, storage, main entrance, and rear exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,406
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,120
$648.1K
Cap Rate 7%
$462,943
$462.9K
Cap Rate 9%
$360,067
$360.1K
Market Conditions
NOI Build-Up for 2,286 SF
Gross rent
$46.4K $20.28/SF
− Vacancy
−$3.2K −$1.38/SF
EGI
$43.2K $18.90/SF
− OpEx
−$10.8K −$4.73/SF
NOI
$32.4K $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 Rate 5%
$648,120
Cap Rate 7%
$462,943
Cap Rate 9%
$360,067
Alternative Uses
Best Use
Office B
$462.9K
$405.1K – $540.1K
NOI $32,406 @ 7.0% cap · market cap 8.10%
Second Best
Warehouse
$351.6K
$307.7K – $410.3K
NOI $24,615 @ 7.0% cap · market cap 6.15%
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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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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Two-story creative warehouse-office condo with office space on both levels and dedicated entrance and rear exit.
Where is this flex space located?
The property is located at 229 SW 12th St 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: 2,286 SF two‑story creative warehouse‑office condo with office areas on both levels; 1979 build with warehouse space on the first floor and office space on both levels; First floor includes open work area, warehouse, kitchenette, 2 bathrooms, storage, main entrance, and rear exit
